Will remodeling my kitchen or bathroom increase the value of my home?

 

If you are thinking of making improvements to your home’s bathroom or kitchen, these are some of the questions you are probably asking. That’s because it makes no sense to spend money renovating a home you are about to sell unless those changes will have a positive impact on the sales process and the home’s sales price.   Therefore, it’s right for you to want to know if a bathroom or kitchen remodel will make your home more attractive to buyers or potential tenants. Also, if the upgrades actually do make your property more appealing, can the additional appeal translate into a higher selling price for your home? The honest answer to this question is it depends. In theory, every change you make to your home will potentially improve its value. But in practice, no single improvement will single-handedly increase your property’s value. The impact of every upgrade partly depends on the unique needs of your home and how that particular upgrade fits into those needs. That is why when choosing the changes, you want to make to your home’s bathroom or kitchen, you need to consider the following:   Function: The best-performing upgrades are those that meet an actual need. They don’t just make your bathroom or kitchen more beautiful; they actually make it more useful. Timelessness: Home improvements that are ageless offer the best return on investment. For instance, natural stone countertops have more value because they don’t go out of fashion. Overall style: The improvements must respect and complement the architecture of the home and its overall style. There must be consistency between the bathroom or kitchen and the rest of the home. Size and layout: Projects that modify the layout of the room to improve its function and the use of space are better. Improvements that increase the floor areas of rooms add more value. The neighborhood: Keep an eye on the average value of homes in your area. It’s not a good idea to make improvements that will inflate the price of your home far above the average for your neighborhood. The market: Pay attention to the specific features that your market is looking for. You will get better value for your home if you don’t go against the current.