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High Return On Improvements
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Type Of Improvement:
Minor Kitchen Remodeling -
An older-style kitchen can easily be updated without major structural changes. Painting the walls and cabinets might be a starting point. Vinyl flooring, new countertops, a ceramic-tile backsplash and a double-basin sink are some other modern options. Some new appliances might be included in the facelift such as a dishwasher or a drop-in range.
Recovery can reach 80 percent. Kitchen improvements usually offer high returns. The smaller your investment in a kitchen facelift, the higher the potential for recovering costs. If resale value is critical, avoid extras such as state-of-the-art
cook-tops or premium countertop materials. A modern kitchen is a top priority prospective buyers look for and are willing to pay to have. |
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Type Of Improvement:
Major Kitchen Remodeling -
In some cases, an antiquated kitchen may need to be gutted. New cabinets and countertops will probably be necessary, as will new appliances such as a dishwasher, two-burner electric stovetop with grill, microwave oven, electric wall oven and refrigerator.
Recovery can reach 70 percent. Though an outdated kitchen detracts from your home, a total redo makes sense only if the colors and design appeal to most buyers. Consider features such as a second sink that makes the kitchen work for two. |
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Type Of Improvement:
New Bath -
Second only to a newly-remodeled kitchen, replacing an older bath ranks high in terms of dollar-for-dollar return. Options might include a new tub, sink, shower and new flooring. Adding a new or larger window to allow more natural light is also a common addition to the bath.
Recovery can be as high as 100 percent. A second full bath will usually net a higher return than a third or fourth bath. Neutral colors have the broadest appeal. |
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Type Of Improvement:
Bathroom Remodeling -
Sometimes a dated bath simply needs a facelift. Ceramic tile might be installed on the countertop, tub surround and floor. Walls can be painted and cabinets may be replaced or painted for a fresh look. A new sink and faucet set are another option, as are new light fixtures.
Recovery can be as high as 80 percent. Fixing up a master bath makes more sense than splurging on a guest bath. If updating the only bath, consider revamping it for double occupancy with two sinks and a separate shower and tub. |
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