Gauging The Cost of Your Kitchen or Bath Remodeling Project and Why
It is always nice to picture how much better a room will look once you give it a makeover. However, when you go for your kitchen or bathroom makeover, you should always evaluate the ROI (return on investment) or as some prefer to put it – cost vs. value.
Before you lay out your hard-earned cash you need to evaluate whether or not this remodeling project will add real value to your home. A lot of homeowners just know they want it done but haven’t a clue as to whether or not it is a good investment. Not all remodeling projects will bring in the same benefits but it’s good to have a handle on what the pluses and minuses are before you begin.
The two rooms that carry the most significant benefits are the Kitchen and the Bathroom. When these are updated they usually bring a substantial ROI. This is especially true if you are going to sell your home.
The experts from phoenix bathroom remodeling agree that remodeling the kitchen is on the top of the list for those who are planning to sell their homes. The reason for this is because most people overestimate the costs of updating it themselves. When they walk into an older kitchen all they see are additional costs pushing them over and above the price of closing on the home. They see huge dollars floating away from them.
Overall, a minor kitchen remodeling project can bring back as much as 82.7% or the cost of your project to your home value.
One fact rings true regardless of what room your remodeling project will be aimed at – ‘it’s very important to perform the right remodel’. You don’t want to add an ultramodern kitchen to a 90-year old home. That’s the wrong type of home improvement if you expect to get a good ROI.
Planning – The planning of your kitchen should actually take longer than its actual construction. Planning well will save construction time because it eliminates a lot of unexpected setbacks. It also helps you to stay on budget.
Six months of planning is the recommended time as stated by ‘The National Kitchen & Bath Association’. This keeps you from always changing your mind while construction is going on and adding costs to your project. So Plan, Plan, Plan, and then go and plan some more.
While you’re planning, keep these things in mind:
- Traffic Patterns
- Ergonomic Designs
- Anything Possibly Unforeseen (expect the unexpected)
- Nail Down What Fixtures and Materials You’ll be Using Prior to Beginning