You’ve decided it’s time to make some changes around your house. This is a common occurrence among homeowners, but knowing where to start can be overwhelming. When you’re planning to sell, you want to know which home remodel projects will give you the best return on investment (ROI). Here are 3 to consider as you begin planning.
A Completely New Kitchen
When remodeling your kitchen, think about the following components:
- Stainless steel appliances offer a modern, updated look, allowing homebuyers to breathe a sigh of relief knowing they won’t need to purchase new ones should they choose to buy.
- Granite countertops are an attractive option that catches the eye of buyers and can improve your chances of a higher sale price.
- Updated flooring will make the room feel complete, offering a comfortable space for everyone to enjoy.
For a complete kitchen renovation, the average ROI is around 59%. If you choose to upgrade the appliances, refresh the cabinets, and swap out the backsplash, you will spend less on your investment but still receive around a 52% ROI. Ultimately, no matter how you update your kitchen, the key is to make it functional and livable – two factors that potential homebuyers value and are willing to pay more for.
A Fully Renovated Bathroom
With an estimated ROI of around 57%, a complete bathroom renovation can help you recoup a significant portion of your investment. Replacing the floors, shower/tub, cabinetry, wall color, and storage capacity will likely increase buyers’ willingness to pay more for your home.
Over time, a bathroom can appear outdated, so investing in high-quality materials and products is the best decision if you want others to consider your home a worthy contender.
A New Master Suite
Surprisingly, creating a new master suite is more expensive than remodeling your kitchen, but if you like the idea of a 50% ROI, it’s worth it. Even if you’re not planning to sell anytime soon, creating this unique space can positively impact how you feel about your home.
From the relaxing bedroom area to the en-suite bathroom that exudes a spa-like feel, to a walk-in closet and cozy sitting area, you may never want to leave. In fact, many individuals who invest in this type of addition find themselves wanting to spend more time in their room because of the custom upgrades.
No matter which project you choose to start with, know that your investment will make your home an enjoyable place to be and ultimately put more money in your pocket.
About Prestige Floors
Since 2006, Prestige Floors has been providing exceptional flooring and remodeling services to homeowners in Keller and nearby communities. When entrusting professionals to help you start a project, you can count on us to come by and provide a free in-home estimate before developing a plan to help make your dream space come true. If you want to remodel your home but don’t know where to start, contact us at (817) 422-5343.