When planning to put their houses on the market, many homeowners choose to update kitchens and bathrooms to increase the overall value of their homes. However, it is important to consider cost versus value when remodeling to increase the value of a home. According to Forbes, focusing on improving the right areas of the kitchen and bath can add $5,000 or more to a home’s selling price.
In the kitchen, the highest resale value comes from these elements:
– Wood flooring
– Stone, granite or quartz countertops
– Refinished/replaced cabinets
– Sinks and faucet fixtures
Experts also recommend adding an island and under-cabinet lighting to enlarge and brighten the room. Lighter colors are best, especially if the cabinets and furniture are darker colors. Stick with grays, off-whites, creams, beiges and tans when choosing paint colors.
Bathrooms increase home value when the remodel adds these features:
– Large walk-in showers
– Oversized bathtubs (soaking or Jacuzzi)
– Heated flooring
– Double sinks
– Extra storage
Updating sink fixtures and including a rain shower head in the shower are great ways to appeal to potential buyers. Bathrooms should also be done in neutral tones, with variations on white, such as cream, taupe, or off-white, being the most highly recommended. Unlike in kitchens, however, a touch of color in the form of very pale blue or very pale green can be successfully added in backsplashes or even in wainscoting.
The features that potential home buyers in 2016 wanted the most were hardwood or tile flooring, brushed nickel fixtures, and built-in organizational features like Shelf Genie pullout shelves for easy access. Remember that remodeling can consist of just a fresh coat of paint and new cabinet door hardware or it can be a complete overhaul of the existing space. Regardless of which, hiring experts like those at Kitchen Central ensures that you get the highest quality at the best prices.