Remodel Your Kitchen or Bath and ROIs
Bath
and Kitchen Remodels provide some of the Best Home Improvement ROIs
By Mark J. Donovan
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One important item to consider when contemplating remodeling
your kitchen or bathroom is the expected return on investment. For some
homeowners, having a positive ROI on a kitchen or bath remodel may not be
important. They simply want or need the new kitchen or bath no matter if
they ever recover the cost for it. For other homeowners, where the finances
matter, knowing there is a positive return on investment is essential for
moving forward with the remodeling project.
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Traditionally remodeling kitchens and bathrooms are two of the best home
improvement projects for achieving a solid return on investment. On average,
kitchen and bath remodel ROIs are in the vicinity of 85 to 100% in the short
run. Home buyers love to see modern and clean kitchens and bathrooms.
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However, achieving a solid ROI on kitchen and bathroom remodels can
become elusive if the amount of money sunk into either of the two projects
is much more than what the local real estate market can support. This is
particularly true if the period of time between remodeling the kitchen or
bath and attempting to sell the home is very short.
One way to improve your return on investment with a bath or kitchen
remodeling project is to do much of the work yourself, or at least act as
the general contractor. |
By acting as your own general contractor and hiring all the required
subcontractors you could expect to save 10 to 25% on the overall cost of the
project. Moreover you could save around 40 to 50% on the overall cost of the
remodel if you chose to do much of the remodeling work yourself.
| Remodeling a kitchen own your own can be a challenge for
the homeowner, however a do it yourself bathroom remodeling project is
well within most moderately skilled do it yourselfers capability. So if
you would like to enjoy your home more by modernizing your kitchen or
bathroom, and at the same time achieve a solid rate of return on your
investment, first understand the real estate market conditions in your
particular town and neighborhood.
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Then assess your DIY skills and available time, to either act as your own
general contractor and/or to do some of the remodeling tasks yourself. From
there you can then assess what type of amenities to include in your bath or
kitchen remodel and how much of a budget you should allow for the project.
For more
help on remodeling your kitchen, see HomeAdditionPlus.com’s
Kitchen
Remodeling Bid Sheet.
The
Kitchen Remodeling Bid Sheet
will help ensure that your kitchen remodeling project goes smoothly and you get
the finished kitchen you are
looking for. In addition, it will help to ensure that your remodeled kitchen will be accomplished on time and on budget.
How to Finance your Kitchen Remodeling Project -
can help provide funds for your new home improvement project if financing is
required.
Related information on Kitchen Remodeling
Additional Kitchen Design Resources
Kitchen Faucets and Appliances from Amazon.com
Kitchen Remodeling Price Quotes For FREE,
No Obligation!
Fill out our 3-5 minute quick and easy form, and receive a free price quote
on kitchen remodeling from one of our prescreened and licensed kitchen
remodeling contractors. This process is free and there is no obligation to
continue once you receive your kitchen remodeling price estimate.
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