Remodeling costs can be expensive, but it can provide significant returns when it comes time to sell your home — if you do it right. Remodeling your kitchen or bathroom are two of the best investments you can make, with returns of over 100 percent. Full remodels aren’t always necessary to see a return, many times a simple update will satisfy not only the homeowner, but also the bank account.
Certain home renovations are a win-win situation, providing enjoyment to you, the homeowner, and then making your home more marketable, and worth more, in the future. Custom crafted woodworks will add a lot of appeal and personality to any room. Making custom cabinetry the focal point of a renovation can stretch your renovating dollars. Hefford Wood Designs can create masterpieces in a variety of budgets.
Smart Home Renovations
- Kitchen – Kitchens have replaced living rooms and family rooms as the “heart of the home” .Whether entertaining friends or spending time with the family, the kitchen is likely “the gathering place” . Kitchen remodeling can range from installing granite counter tops or tile floors to adding new custom cabinetry, an island or completely changing the layout.
Estimated return on investment at resale: 92%
- Bathroom (Remodeling) – How does a dual sink vanity, new skylights, a soaking tub or vaulted ceilings sound? What about more storage? Custom wood designs can bring a bathroom remodel from imagination to reality. A mid-range bath remodeling which costs an average of $10,000, can add $10,727 to your home’s value.
Estimated return on investment at resale: 100%
These two areas of the home obviously give great opportunity from an investment standpoint. But any area of the home can realize greater homeowner enjoyment with even the simplest of renovations, whether it be a master bedroom, home office or transforming wasted space into something useful and enjoyable.