Home Renovations that will pay you back: Kitchen remodels

 

(Photo Credit Barbara Bright kitchen renovations)

When people are looking to remodel their homes, many choose projects that offer the greatest potential to recoup their financial investment, which is understandable considering that the average bedroom remodel costs more than $16,000, and a garage addition can cost upwards of $50,000. Adding other additions such as a master suite or second floor often average well into the six figure range. However, small or large, there are plenty of home renovations that can improve one's quality of experience in the home while also boosting that home's intrinsic value. 

Below is an example of a home renovation that offers a big bang for your buck for when it comes time to sell:

For many people, the kitchen is the center of a home and a minor kitchen renovation can increase your home's value. 

Recent remodeling reports show a seventy nine percent cost recoup average, which is great news because kitchen remodels more often than not increase the overall home enjoyment for the entire family. 

However, home owners should proceed with caution when it comes to making decisions for the remodeling. For example, upgrading your kitchen's appliances can have a significant increase in your homes value. However, putting Wolfe appliances in a 800 sqft apartment may not net you a great return on your investment. 

If you're thinking about renovating your home, it may be wise to consult with a real estate professional who can help guide you through the process of renovating in order to ensure that you're remodeling your home wisely.

 

Leave a Comment