What You Need to Know About Kitchen and Bathroom Remodels
There comes a time for every homeowner when they want to change the look, feel or layout of their home. Choosing what to do first can be challenging. Most realtors would recommend starting with the kitchen and bathrooms.
Kitchen and bath remodels are your best bang for your buck. Most homeowners will earn up to 70% of their investment on kitchen and bathroom remodels at time of sale. However, it is possible to spend your dollars poorly and get a low return on your money. So, what is the cost for a kitchen remodel? How much should I spend on a bathroom remodel? What is the “right” way?
Research has shown that around 80% of home buyers rate the kitchen in the top three most important spaces. You can see then why it is important to consider updating your kitchen.
Kitchen remodels can be as simple as new paint, countertops and backsplash to full renovations replacing flooring, cabinets, sink, appliances, etc. With this in mind, you can see how the cost can vary greatly. You can expect for the basic remodel around $75 per square foot (SF) and as much as $175 – $300 per SF for a full kitchen remodel. To determine a budget, we must consider a few key areas.
Replacing the lighting fixtures is a sure way to improve the look and feel of any room. New lighting can bring in the right light for the space and really update the kitchen.
Once you have chosen new cabinets, its now time to top them off with a beautiful countertop. 55% of home buyers said that they would have paid more for granite countertops one recent survey stated. Although granite countertops are the most popular, there are many other increasing desirable options, such as concrete, quartz, marble and solid surfacing.
Sinks and faucets have a huge impact on the overall look of the kitchen. Apron or copper sinks can bring a bit of farmhouse chic to the kitchen whereas a concrete or stainless-steel sink may lean more to modern design. Faucets also can be a big investment but consider that well-made products will easily last for 20 or more years with minor maintenance.
Updated appliances may be the single most important thing to a potential home buyer. New appliances modernize the room and provide some comfort that costly repairs or replacements should not come soon for the buyer. One survey suggests that 69% of home buyers would pay more for a home with new kitchen appliances.
With so many different factors to consider, determining a budget may seem daunting. However, if you consider the basic guide of 12-15% of your home value and with careful consideration of each of the above items, creating an effective budget can be very manageable
Bathroom spaces are without a doubt one of the more critical spaces to a home buyer. Not only does the number of bathrooms matter but also the quality of them. Although bathrooms are very important, not all are created equally. Master bathrooms tend to bring the highest return on investment followed by the regular bathrooms and then half-baths have the least impact. When deciding on a budget for bathroom remodels, most experts agree that the budget for a master bathroom should be no more than 10-12% of the cost of the home and regular bathrooms at 5-7%.
How to Prepare for a Remodel
Now that you have an understanding of the key factors required for an effective remodel it is time to determine your design. Baker Roofing & Construction has consulted with hundreds of clients and helped them to realize their visions and in some cases, helped to create that vision with the collaboration of an innovative designer. In any case, finding the right contractor is imperative. Baker Roofing & Construction has the attention to detail and the highly skilled craftsmen to make your home your dream home.
We are licensed and insured, and we always work within state laws and regulations. Baker Roofing & Construction Inc. is the company homeowners turn to when they need a new roof, remodel, or new addition. We will be the last construction company you will ever need. Contact us for more information today!Back to Blog