Learn How to Increase Your Selling Price With Bathroom and Kitchen Remodels
When you’re planning to put your house on the market, you can potentially increase your selling price by remodeling. Bathroom and kitchen renovations are usually at the top of the list for this reason. A survey released by the National Association of Home Builders showed that these were the most common and popular renovation requests.
The National Association of Home Builders survey found that 78% of the requested renovations were for bathroom remodels. During these upgrades, 90% of the participating homeowners changed their master bathroom’s overall style. This usually included adding new countertops, flooring, sinks, and showers. When renovating their bathrooms, 87% of homeowners also updated their showers, however.
The second most requested renovations were for kitchen remodels, according to the National Association of Home Builders survey. Most homeowners used professionals, of course, when they renovated their kitchens. The 2016 Houzz Kitchen Trends Study revealed that this applied to 87% of the participating homeowners. Just as with bathroom renovations, many homeowners chose to change the overall style of their kitchens. This was the choice of 76% of the homeowners that participated in the study.
Learn More About the Benefits of Remodeling
Since you’re planning to put your house on the market, you may already be aware that curb appeal can make a difference. Most realtors will recommend that you add a bit of landscaping or other exterior upgrades. Before your realtor even lists your house, they will also want to conduct a walk-through and may make a few recommendations for your home’s interior spaces.
While these recommended upgrades are intended to assist you with selling your house, they’re also intended to bring the best possible selling price. If you add on a second or third bathroom, for example, this could amount to an average return on investment of 86.4%. You may also be interested to know that even a minor kitchen remodel can bring you a solid return. On average, this can be as much as 82.7%.
It’s a good idea to ask your contractor what they recommend. Since remodeling contractors are experienced professionals, they are aware of what features appeal to new homebuyers. Once your renovations are completed and your home is listed, there’s an excellent chance it won’t be on the market for very long.