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Remodel Your Kitchen or Bathroom for the Best ROIKitchen and Bathroom Remodeling maximize your Return on Investment By Gregg Hicks Trying to decide which home improvement project to tackle next? To start you must decide if you are remodeling to improve an area of your home that is in need of some TLC or if you are remodeling to maximize your Return On Investment (ROI). If a specific area in your home needs TLC then your decision is straight forward.
Another room to consider remodeling to maximize your return on investment is your bathroom. As a side note, if you live in a home with more than two bedrooms and only one bathroom you might want to find a way to add an additional full or half bath somewhere in your home. This will dramatically increase the resale of your home. If that is not an option or you already have enough bathrooms for your home consider remodeling your current bathroom. On average bathroom remodels yield an ROI of 80-90%. One of the main reasons both the Kitchen and Bathroom have such a high rate of return is that most buying decisions (including home buying) are based on emotion. When homebuyers walk into a home that has a run down kitchen or bathroom all they think of is the time, money, and headaches they will need to invest to get the room up to their standards. On the flip side when homebuyers walk into a home that has a fresh updated kitchen it can get them very excited. They know they won’t have to lift a finger in this room to improve it, thus they can afford to spend a little more on the purchase price of the home knowing that the kitchen is already in great shape. The same principle applies to the bathroom. You might ask yourself why all projects don’t adhere to this same principle. The answer is even though it is a sound investment to replace you roof, siding, or windows the reality is all homebuyers assume that these will be present and in decent condition. There is limited emotional value in having a new roof so homebuyers don’t get too excited about it either way. The return on investment for these projects ranges from 40-50%. So if you want to increase the resale value of your home consider remodeling your kitchen or bathroom. After all, you may live in your home but don’t forget, if you are like most homeowners, your home is also your largest investment. Be a savvy homeowner and treat your home as an investment.
About the Author This article was written by Gregg Hicks of http://www.reliableremodeler.com which provides Internet-based home improvement information and services. Offering homeowners a simple, quick, and free way to access, qualified home improvement remodeling contractors. For more help on remodeling your kitchen, see HomeAdditionPlus.com’s Kitchen Remodeling Bid Sheet. The Kitchen Remodeling Bid Sheet will help ensure that your kitchen remodeling project goes smoothly and you get the finished kitchen you are looking for. In addition, it will help to ensure that your remodeled kitchen will be accomplished on time and on budget. How to Finance your Kitchen Remodeling Project - can help provide funds for your new home improvement project if financing is required. Building the kitchen of your dreams doesn’t have to be a long, drawn-out process. We can help you get started today. In just seconds, we’ll search our pre-screened network to find a well-established kitchen remodeling company with the right combination of service and products you’re looking for. [Learn More] Related information on Kitchen Remodeling
Additional Kitchen Design Resources
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