Home improvement projects have exploded over the last few years and show little signs of slowing. Kitchen and bathroom remodels remain two of the most popular options, and for very good reasons. These include a very promising return on investment.
They are often the most expensive and invasive home projects as well, which means it is a big decision to go forward with them. Both kitchen and bathroom remodels require an investment of time and resources. Most people do not have unlimited budgets and want to know that they are making the right decision when making such a big decision.
The good news is that, once you have all of the information, you can weigh all of the variables. This article explains the pros and cons of a kitchen remodel and renovating bathrooms in your home. While each home project is unique, the information below will help you determine which is the best option for your lifestyle and financial goals.
Return on Investment
Kitchen and bathroom renovations are notoriously the most expensive you can do to your home. The flip side is that they are by far the best investments you can make.
How much you will recoup depends on your home value and the type of bathroom or kitchen renovation you do. A very conservative estimate is that you can expect to get at least a 70 percent return on investment (ROI) for both kitchen and bathroom remodels. Keep in mind though that the ROI could be much higher, depending on the project.
Increased Enjoyment and Comfort
Making a good investment is important. But another incentive for doing kitchen and bathroom remodels is having a space that you can use to make your life easier and more enjoyable. It also is a great way to add more comfort to either space, such as through increased seating or expanded vanities.
It can be difficult to put a price tag on happiness. You and your family members probably spend more awake time in the kitchen than in any other room, preparing and enjoying meals. Creating a space that facilitates cooking can help everyone in the household enjoy it more.
Likewise, the value of bathrooms is directly related to functionality. Better storage or an altered layout that provides more space can go a long way toward your enjoyment of the bathroom space. A bathroom remodel can bring a completely new, pleasant experience to getting ready in the morning or cleaning up in the evening.
Having the right layout and features in both your kitchen and bathrooms is important. It can mean the difference between a room that causes stress and one you love being in.
A Chance to Personalize
Beyond functionality, remodeling is an opportunity to add a personal touch to your bathroom or kitchen. It will allow you to create a space that is unique to your home, that looks and works the way you prefer.
You can accomplish this through decorating, painting, or adding personal items, but these efforts can only go so far. Getting the room size, shape, or configuration that you desire is only achievable through remodeling.
There are several reasons that this may be important to you. A common one is in more traditional homes that have gradually moved toward a more modern aesthetic. Taking the final step to upgrade that traditional bathroom or kitchen can bring a more uniform look to your entire home.
Also, since there are so many different designs for remodeling, adding your own personal flair is not difficult. An experienced contractor will be able to incorporate your vision into existing infrastructure. And they should be able to do so within the confines of your budget.
Increased Energy Efficiency
Did you know that energy-efficient appliances can use between 10 and 50 percent less electricity than standard models? Increased energy efficiency is not only good for the environment, but it will translate to lower utility bills. These can add up to significant savings over time.
Remodeling gives you a chance to make upgrades to existing appliances and home systems connecting to them. This includes everything from lighting, wiring, plumbing, insulation, and new appliances.
A reputable contractor will want to meet your aesthetic goals but will also ensure that energy-efficient materials and construction are a priority. Upgrading to new kitchen appliances, lighting, or low-flow shower heads can go a long way toward lowing your utility costs and your carbon footprint.
You may not have included “a safer home” in your bathroom or kitchen remodel calculations, but you should. Many people do not realize the dangers associated with outdated appliances and features, or old pipes or wiring. This becomes more true the older your home is.
For starters, both kitchens and bathrooms involve the routine use of water and electricity. This means that any outlets that are not grounded right could cause serious damage and even harm to individuals.
Maybe you have old tiling in your bathroom that is slippery when wet. An upgrade to more stable flooring could mean a reduced risk of falling for your and your loved ones.
The same goes for appliances. While you do not have to remodel your entire kitchen to replace a refrigerator that is not properly holding temperatures (making food potentially unsafe), it is a good opportunity to do so.
Learn More About Kitchen and Bathroom Remodels
Now that you understand the benefits of a bathroom renovation and kitchen remodeling, you can determine which one is the right move for your home. Understanding all the benefits such renovations can afford will help you make the best decision going forward.
ASAP Remodel and Construction is a family-owned business that provides quality work and professionalism. We specialize in home kitchen and bathroom remodels, but will tackle other indoor projects. Reach out to us to schedule a free consultation.