The 2013 Houzz and Home Survey found that kitchens and bathrooms are America’s top two renovation projects for this year. According to HGTV.com, kitchen and bathroom remodels “continue to be two of the best investments you can make in your house” and realtors would agree.
Kitchen Remodel
The kitchen is the heart of the home and is usually the most valued area for buyers. If done well, a kitchen remodel is guaranteed to add value to your home.
According to a survey conducted by Remodeling Magazine, replacing your countertop, sink, faucet, oven, and cooktop costs about $20,000 on average, but up to 72 percent of that cost could be recovered in the increased home value.
If you don’t have the budget to do a complete kitchen remodel, updating your countertops alone can change the entire look of the room and enhance aesthetic appeal.
Upgraded Bathroom
Upgrading a bathroom is another way to increase your home value. On average, a bathroom remodel costs about $12,000. Up to 65 percent of the money you spend could be regained when you sell your home.
If a complete renovation doesn’t fit into your budget, updating your vanity can bring your bathroom from dreary to dazzling while adding value to your home.
–Sources–
“Home remodeling projects that pay you back.” Yahoo! Homes.
“Remodeling Cost vs. Value Report 2013.” Remodeling Magazine.
“Which home improvements pay off?” HGTV.com.
“Four smart renovations that will add value to your home.” Yahoo! Homes.
“2013 Houzz and Home Survey.” Houzz.com.
