When it comes to residential remodeling, homeowners frequently want projects that not only improve their lifestyle but also deliver a significant return on investment (ROI). For many people, this means that the kitchen and bathroom are some of the most valuable areas to improve. These high-traffic, multi-functional spaces frequently tip the scales when it comes to maximizing home values.
Residential Remodeling: Kitchen
The kitchen is the heart of the home, so it’s a great location to invest in. Minor kitchen remodels, such as replacing cabinet doors, updating appliances, and installing a new backsplash, can recuperate up to 70-80% of their cost. Not only that, but a remodeled kitchen can significantly improve daily functionality and visual appeal, which is an important selling feature for buyers.
Residential Remodeling: Bathroom
Bathrooms are another important area for ROI. Simple changes such as upgrading fixtures, regrouting tiling, or installing a new vanity can yield returns of 50-75%. Additionally, adding a second bathroom to properties that only have one can significantly increase resale value. Other upgrades, such as adding spa-like features like rainfall showers or heated flooring, increase perceived value and attract attention in competitive markets.