(by Veronica Kraft)
According to remodeling & home valuation gurus, kitchens and bathrooms are where to put your money. In fact, a major kitchen remodel will return 91% – 98% of your investment funds, ROI wise, whereas a minor bathroom remodel will yield even more return—averaging a 102% ROI. With both in mind, here are more details on what to do when remodeling…
Create an Open Kitchen
Opening up the floorplan of your kitchen to the living area is the number one item on the list for best investment kitchen remodels. If your kitchen has a divider wall that can be removed, it is recommended that this be done to create an open floorplan look & feel, since many home buyers want to entertain while preparing food.
An inexpensive and quick way to update your kitchen includes replacing old hardware with new pieces, including new cabinet knobs and door handles in the latest style & color. This simple fix can go a long way when it comes to appearance.
Often times, owners want to relocate the kitchen sink, but remodels of this type require a higher investment level. Consider avoiding this, unless you plan on updating the pipes as well in the process. Otherwise, this modification may cost more in the long run.
Modernize the Bathroom
The bathroom is where many seek private comfort. An updated look is important, so often times, simply updating the light fixtures or replacing an old shower head with a new one, can go a long way. Make subtle changes to brighten up and modernize the bathroom, lighting and cabinetry.
One simple change recommended to make to a small, dark bathroom lighter would be to install a ‘light tube’, instead of creating a new window in the wall, which requires invasive renovation and is much more costly. Light tubes can be bought inexpensively and installed relatively easily.
Don’t Forget Curb Appeal
The front door of a home can attract buyers if it looks welcoming. Apply a fresh coat of paint to the door or replace the door entirely for an updated, more modern look.
Front yard landscaping is also one investment that helps curb appeal. Install plants and greenery that will grow to provide privacy around windows and doors after growing. Don’t forget about proper outdoor lighting around the front door & front walkway.