The ROI of Kitchen and Bathroom Remodels: What You Need to Know
When it comes to home remodeling, kitchen and bathroom updates are among the most valuable investments a homeowner can make, not just for their own quality of life, but for their property value should they choose to sell in the future. In fact, real estate experts agree that kitchen and bathroom remodeling often provides some of the highest returns on investment (ROI) when it comes to increasing resale value.
What Kitchen and Bathroom Remodeling Can Do For Your Property Value
No home is viable without a kitchen and at least one functioning bathroom. They are essential, high-traffic areas that potential buyers pay close attention to. According to the National Association of Realtors (NAR), kitchen remodels typically recoup around 70-80% of their costs at resale, while bathroom remodels can return about 60-70%. These figures can vary based on the scope of the project and local market conditions, but the general trend is clear—remodeling these areas increases a home's marketability and value.
These don't necessarily have to be major remodels, either (unless these rooms need updated appliances/plumbing fixtures/etc). For instance, a minor kitchen remodel, which could involve updating countertops, cabinets, or flooring, can significantly increase a home's appeal. Similarly, a bathroom remodeling project—such as replacing outdated fixtures, adding modern tile, or expanding the space—can give a bathroom a fresh, updated look that helps attract potential buyers.
How Remodels Impact Home Sales
Homeowners who invest in kitchen and bathroom remodels often see a noticeable difference not just in their home's selling price, but how quickly their homes sell. Statistics from real estate experts show that homes with updated kitchens and bathrooms often sell faster than homes with outdated features. Homes that have undergone remodeling tend to stand out in a competitive market, helping sellers secure higher offers and reducing time spent on the market.
How Baxter Pro Services Maximizes Your ROI
While kitchen and bathroom remodeling might be worth it to maximize your home's value (not to mention your own comfort and usability), these are still complex, time-consuming, and expensive projects that shouldn't be taken on without forethought. You'll need a plan, and an experienced home remodeling crew to carry out that plan. That's where Baxter Pro Services can help.
At Baxter Pro Services, we strive to offer the best home remodeling services in Owensboro and its neighboring communities. Our team understands that every home and homeowner is unique, which is why we offer tailored remodeling solutions that fit your style, needs, and budget. We also offer expert advice on what home improvements will give you the best ROI in your specific market. Our team has years of experience working with Owensboro homeowners, and we understand the local real estate trends that can help guide your remodeling decisions!
Contact Baxter Pro Services today at 270-883-1265 to schedule a consultation for our kitchen and bathroom remodeling services!
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Get Started On Your Next Home Remodeling Project In Owensboro with Baxter Pro Services