Many home improvement projects don’t add value to your home. In fact, some improvements can even detract from the asking price when you decide to sell. On the other hand, some projects can add significant value to your home and improve your family’s quality of life. By working on these projects now, you can enjoy the benefits and updates.
Most people consider the kitchen to be the heart of the home, the central meeting place, and because of this, updates in this room pay off. According to HGTV, you can expect to recoup 60%-120% of your investment on a kitchen remodel. Making a smaller kitchen into a larger eating and gathering space is an excellent idea, family and friends love to gather in the kitchen more than any other place in your home. Try to capture unused space next to the kitchen, like the seldom used dining room or living room, open up some walls to create that stunning open floor plan.
If your home only has one bathroom, you can recoup a large chunk of your investment by adding another one. HGTV estimates that you can recoup 80%-130% of whatever you spend adding a bathroom. Like expanding the kitchen, consider other underutilized spaces, such as closets or areas under the stairs, too. If you want a half-bath you need at least 18 square feet. If you want a full bath, including a stand-up shower, you need at least 30 square feet. If you want a bathtub, make sure you have at least 35 square feet to work with for a bathroom addition. If your existing bath still has the wobbly toilet, cracked tile and worn out laminate vanity top, it’s time for a facelift or complete re-designing of the space to make it more functional and beautiful.
Whether you’re remodeling or expanding the kitchen/bath, don’t skimp on the materials, better quality cabinets, tile, flooring, fixtures and appliances will last longer. By all means, use the same approach when hiring a remodeling contractor, find a design/build company that is a specialist in designing and remodeling kitchens and baths, a professional that has decades of experience and a long list of references, and is insured.
Good luck with your project!