When homeowners fix up their houses, they can make them worth more money. This is great when they want to sell. But not all projects add the same value. Knowing which ones do can save time and money.
Renovating vs. Remodeling
Are renovating and remodeling the same? Not quite! Renovating means fixing up something old to make it look good again. Remodeling is bigger and costs more because it changes the structure of a house.
How Kitchen Renovations Boost Home Value
The kitchen is the heart of the home. People love nice kitchens, and fixing them up can pay off. Good kitchen remodeling can get back 60-80% of what you spend.
Types of Kitchen Renovations:
- Big Projects: These can cost around $75,000. They include new plumbing, fancy appliances, stone countertops, custom cabinets, and energy-efficient items.
- Small Projects: These cost between $11,000 to $21,000 and can get back up to 81% of the cost. They include repainting cabinets, new backsplashes, and vinyl flooring.
Why Kitchen Upgrades Matter
No matter how big or small, kitchen upgrades should:
- Add more space
- Make it look and feel better
- Improve airflow
- Make it more functional
- Fix old and broken areas
Homes with big kitchen upgrades might cost more but they sell faster.
How Bathroom Renovations Boost Home Value
Bathrooms are also a great place to invest. They can be small changes or big overhauls. According to the National Association of Realtors, bathroom renovations score a 9.6 out of 10 for homeowner happiness!
Best Bathroom Upgrades:
- Midscale and upscale projects get back about 60-80% of what you spend.
- Minor updates can cost around $6,000.
- Big projects can go up to $60,000.
- Midscale projects average about $18,000.
Top Bathroom Upgrades
To add value, focus on:
- Repainting
- New floors
- Heated floors
- New vanities and sinks
- Energy-efficient fixtures
- Upgrading tubs and showers
- Walk-in showers
- New cabinets
- Modern plumbing fixtures
Upscale bathrooms make people happy, but midscale ones often give better returns.
Kitchen or Bathroom? Which is Better?
Kitchen renovations cost more because kitchens are bigger. But bathrooms are cheaper to fix up. The best choice depends on your local market and your home’s condition.
Smart Choices for Homeowners
Knowing which projects add the most value can help homeowners make smart decisions. Both kitchen and bathroom renovations are great, but always consider what’s best for your home and market.
Need Help?
If you’re unsure which project to tackle, reach out to reliable experts. They can help you make the best choices for your home!