Remodeling to Maximize Home EquityDecember 20, 2021
The chances are good that you’ve noticed something you want to change about your home or have noticed things you wanted to update. Thinking of remodeling your home can be somewhat overwhelming due to cost, time commitment, or life getting in the way. But, certain home projects — such as kitchen and bathroom remodels — actually add value to your home, and you can recoup those when you go to sell your property. Read on to learn more about remodeling to maximize home equity through kitchen and bathroom remodeling.
Kitchens are commonly called “the heart of the home,” and this room tends to be the biggest draw — or deterrent — of prospective homes for many homebuyers. In addition to helping this room be more functional, kitchen upgrades help homeowners recover around 52% of their investment.
Kitchen remodels are typically classified as minor or major. Minor remodels involve changes such as new paint, but the layout remains the same. A major remodel could involve moving walls and replacing every component from floor to ceiling.
The following are just a few of the most common upgrades for today’s kitchens.
- Undermount sinks
- High-end appliances like a Sub Zero fridge or Viking-style professional-grade range or smart appliances
- An expansive island with a prep area and sink
- LED lighting
- Upgraded cabinets and hardware
Countertops are one of the most popular kitchen remodel upgrades. Like in the bathroom, the countertop is a significant focal point and, as such, can take up a good chunk of your kitchen remodeling budget. But in addition to being aesthetically pleasing, your kitchen’s counters also have to be functional and fit your family’s needs.
Material options are practically limitless, from standard to esoteric, while quartz, granite, marble, and soapstone are the most popular. More modern options include woodblock, concrete, and stainless steel. Each of these has unique advantages and disadvantages, so it’s essential to carefully consider how you plan to use the countertop and how much upkeep you’re willing to put into it.
As with bathroom flooring, kitchen flooring must be waterproof to withstand spills and splashes.
- Tile is durable and stain-resistant but is cold to walk on and uncomfortable to stand on for long periods.
- Engineered wood is classic and can be resanded but requires temperature control to mitigate expansion and contraction.
- Cork is an inexpensive, sound-absorbing material, but it fades from sunlight.
- Concrete is inexpensive and waterproof but is a trendier option.
- Vinyl is waterproof and can resemble costlier materials but is not as sturdy as tile and can be dented.
Updating your bathroom does more than allow you to enjoy your space more. According to a recent survey by the National Association of the Remodeling Industry, homeowners can recoup over 70% of their bathroom remodeling costs, making this remodeling project a no-brainer.
Depending on the type you choose, replacing your bathroom vanity can be expensive. But this is a wise area to invest in because it’s such a big focal point of the space. You can choose from these basic bathroom vanity types to match your design aesthetic.
- Under-Mounted Sink
It’s commonly believed that homes need a bathtub for resale purposes. But a 2019 Houzz study found that half of renovated main bathrooms didn’t have one. If you have enough room, a freestanding soaking tub is now more popular than insets or garden tubs. If you have to sacrifice shower or bathroom space to have a tub, it’s far wiser to make your shower bigger or focus on upgrades such as a bench or multiple showerheads and install a walk-in, doorless shower.
McFall Does It All for Your Home Remodeling Needs
Remodeling your home undoubtedly adds to your equity and its resale value — while also allowing you to enjoy living in your home more. When you’re ready for a remodel, big or small, trust the team at McFall Builders. In addition to kitchen and bathroom remodeling, we offer exterior remodeling, custom home builds, green construction, and additions. Contact us today to request a consultation so we can talk about the vision you have for your home and how we can help you achieve it.