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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Though an outdated kitchen detracts from your home, a total redo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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Kitchens
And Baths
