Money Magazine has identified a bath remodel as one of the remodeling projects offering the very best return on investment (ROI). The psychology of a modernized bathroom plays well for homeowners and future buyers alike.
Also, Remodeling Online publishes a report each year that compiles the responses of hundreds of real estate professionals to establish which remodeling projects offer the best ‘bang for the buck.’ About 300 professionals are surveyed in 60 significant markets across the country.
The winning remodeling projects? Bath and kitchen remodels lead the way. The survey specifically asks respondents to estimate what value a project would add to the sale price one year after completion.
So, how does a homeowner optimize resale value? In brief, make work to make several factors work together to maximize results. These factors include:
Because of the strong ROI offered by bathroom and kitchen remodeling, investing in quality work pays off. You’ll enjoy your fresh, crisp new rooms now, and buyers will one day appreciate high quality construction as well.
Determining who offers true quality can be as simple as asking a company to see a couple of their completed projects. Homeowners are usually available that are proud to show off their new kitchens and baths.
Ask yourself, how long do I plan to remain in my home? If the answer is something akin to ‘forever,’ then you can get as eclectic or trendy as you want. Southern California is a true cornucopia of wildly creative interior design. If that’s what you want, great.
However, many with an eye to a future sale may pull in the reigns a bit.
It is not only the return on investment that may be at stake, the very salabiliity of your home may hinge on its overall appeal to others.
There is no need for a ‘cookie cutter’ approach, but an awareness of existing standards in your neighborhood will improve ROI. A full design/build service can help you to maintain design consistency both within your home and with other residences in the area.
Your home’s exterior can be a key element. If a home has terrific curb appeal, it will bring that prospective buyer into your home to actually see and appreciate that completed remodeling project. Without curb appeal, your beautiful kitchen may remain a secret to those that pass your property by.
At Bradco Kitchens and Baths, we specialize in Los Angeles area bath and kitchen remodels — the remodeling projects that typically offer some of the best ‘return on investment.’ For expertise and integrity in the designing and building of your project, including full room additions, please contact us today.