HOW BATHROOM & KITCHEN RENOVATION PROJECTS CAN AFFECT THE VALUE OF YOUR HOME
Bathroom and kitchen spaces hold great importance to potential home buyers. Check out the following checklist to see if renovation could raise the value of your home:
Do you have many worn-out items in your bathroom and kitchen?
Are there ways to provide more functionality?
Is there a potential to modernize the fixtures?
Answering 'yes' to any of these questions means the renovation is a good idea.
In the following blog, you'll learn more about planning a bathroom & kitchen renovation. And we'll provide tips to lower your total renovation costs.
How do bathroom and kitchen renovation projects affect the value of your home?
Bathrooms and kitchens can be deal-breakers or makers when selling a home. Renovating these areas results in the highest return compared to other home projects. These updates won't guarantee a complete recoup at the sale. However, as rcpmsolutions.ca points out, you could still boost your home's value in the eyes of prospective buyers.
Where should you start?
The first step to every bathroom or kitchen renovation project is having a plan. Otherwise, you might discover that everything doesn't fit together. Not having a concrete plan may result in more expenses down the road.
When you opt for a renovation, there are two main options available.
Doing a complete renovation. This requires help from a professional renovation company. Low-end renovation projects hover around $25,000. Upscale remodels may reach $80,000 or more.
Going for a partial renovation. You are able to refresh your bathroom and kitchen without doing a full makeover. Discuss with a renovation company about your options.
Saving money on kitchen renovation
Do you want to boost your return on investment? Use the following money-saving tips to lower the renovation costs.
Get a paint job for the appliances. You may have appliances that work as they should, yet they look worn-out. In this case, you don't have to buy new ones. Just get them painted and you'll cut your budget.
Weigh various flooring options. Real hardwood floors come at a significant price tag. Instead, you could opt for cheaper vinyl flooring. There are plenty of products that resemble high-end finishes.
Experiment with open shelving. You don't always have to replace the existing cabinets. Give them a new splash of color. Then mix it all up by adding a few open shelves. You'll see the visual benefits straight away.
Get your counters honed on-site. When you have granite counters that look dated, there are options besides replacement. Do you want to have them looking as good as new? You can hire a professional who wet sands the granite in layers. You'll enjoy stylish matte look granite countertops in no time.
Add more storage. Is there ever enough room in the kitchen for all your cooking needs? Browse Pinterest or other imageboards to get inspiration. There are many ways you could creatively add more storage. For example, use various hanging holders, racks, and stands.
Saving money on the bathroom renovation
Your bathroom renovation budget could benefit from clever tips as well. Here are some cost-cutting suggestions:
Replace the sink faucet. Replacing the entire top or vanity is a major expense. You could save money by installing a new sink faucet. The result is beautiful without breaking your budget.
Buy new hardware. Do you plan to install new bathroom cabinets? Again, that takes a big chunk out of your bathroom renovation budget. An alternative is to replace the hardware. New towel bars, cabinet knobs, sink faucets, and toilet flush handles make a difference.
Don't move the plumbing. Moving major plumbing skyrockets your budget. The project gets a cheaper price tag if you leave the bathing and toilet facilities in their spot.
Check the caulk and grout. Grout and caulk get grimy over the years. Clean the grout and add a clean line of caulk around your tub and sink. This is extra shine and sparkle for less than five dollars.
Opt for a prefabricated shower. Compared to tiled showers, prefabricated units cost you less money. If you want to save money, going for the prefabricated option is more wallet friendly.
The bottom line: bathroom & kitchen renovation projects
Do you want to raise the value of your home? In this case, planning and executing a bathroom and kitchen renovation is the right step.
Discuss with a renovation company about options available for your home. If you have a tight budget, you can opt for partial renovation work. Also, there are many ways you can lower the overall costs of the job.
