One of the most asked questions surrounding a remodeling of a home is what specific upgrades and changes are worth the cost? More specifically, which ones have the best return on investment for the money. Below we highlight the upgrades that will provide the most bang for your buck.
Additions
Any time you are adding square footage to your home, you will increase the value of your house. Some of the best return on investment comes from adding additional bedrooms, bathrooms, and a media room.
If your house is already on the smaller side with either a two or three bedroom,s you may want to consider adding one more. Most people look for three or four bedroom homes. Adding a bedroom can be cheaper than you think. There is usually no plumbing involved just electrical and the costs of the foundation, drywall, and roofing.
Kitchens
Kitchens sell homes more than any other aspect of a home. If your kitchen is outdated, this may be the most significant return on investment you will get. Nowadays, buyers are looking for fancy kitchens that stand out with feature their friends and neighbors don’t have.
Billy Henley of BHI Plumbing, Heating & Air Conditioning in San Bernardino explains, “Most customers have been adding specialty plumbing fixtures to their kitchen remodels. Items like pot filler faucets have become popular and add a nice touch to a kitchen remodel.”
The most expensive part of a kitchen remodels replacing the cabinets. Depending on the route you go, this can cost anywhere from $5,000 to $20,000. Whatever you do don’t skimp on quality and style here. The kitchen cabinets are the most visual aspect people see, and it needs to look sharp.
Bathrooms
Adding a bathroom to your home can add lots of value to the property, especially if you only have one bathroom, to begin with. Bathrooms seem like they would be cheap, but you need to be careful because all that extra plumbing and bathroom fixtures add up. It is best to have a contractor and plumber go over the specifics of a bathroom addition in advance. There are times when running pipe to a new location can drive up the cost of a project or in other cases when you need a whole house repipe.
Final Thoughts
Adding square footage to an existing home is a great way to increase the value of a home. But beware that some additions might not increase the price as much as others. Before beginning down the road of a remodeling partner with a real estate professional and a contractor to determine the best return on investment.
