De­liver Big Home Value

Focus of SWFL - - Thwart That Throat Tickle - 108 FO­CUS of SWFL 2014 FAM­ILY FEA­TURES

Kitchen and bath­room re­mod­el­ing projects can sig­nif­i­cantly add com­fort, im­prove func­tion­al­ity and in­crease the home’s re­sale value. Which­ever rea­son drives home­own­ers to com­plete an im­prove­ment project, they need to pick one that also de­liv­ers a re­turn on in­vest­ment. “Many home­own­ers be­lieve that they need to take on a full-scale re­mod­el­ing project in or­der to boost value or make the ef­fort worth­while,” said Chris Ter­rill, CEO of Home Ad­vi­sor. “Not only is that not prac­ti­cal for many fam­i­lies’ bud­gets and time con­straints, the truth is that smaller, more man­age­able projects can still pro­vide a high ROI.”

Kitchen so­lu­tions

Re­cent data from Home Ad­vi­sor re­veals that up­dat­ing the coun­ter­tops and cab­i­nets are among the top kitchen im­prove­ments home­own­ers are un­der­tak­ing. De­pend­ing on the ma­te­ri­als used, the projects av­er­age $3,459 and $5,853 ac­cord­ing to Home Ad­vi­sor’s Cost Guide. Th­ese projects are still just a frac­tion of a whole kitchen re­model, which av­er­ages around $22,200. New ap­pli­ances are an ef­fec­tive way to up­date and unify a room, and fea­tures such as built-in ovens, mi­crowaves and stor­age for small ap­pli­ances can make the kitchen ap­pear less clut­tered. When shop­ping, re­mem­ber that re­gard­less of up­front costs the best buy is the high­est en­ergy ef­fi­cient prod­uct, for the best re­turn on in­vest­ment. “A mi­nor kitchen re­model is one of the best in­vest­ments home­own­ers can make,” said Ter­rill. “Projects in­clud­ing re­fin­ish­ing the cab­i­nets, up­dat­ing the coun­ter­tops, and in­stalling new ap­pli­ances all pro­vide a high re­turn with­out break­ing the bank.”

Bath­room brush-up

Although typ­i­cally the small­est rooms in the home, bath­rooms can still make a big state­ment. Even the tini­est of bath­rooms can be im­proved to in­crease value, func­tion, and over­all aes­thet­ics with­out a com­plete over­haul. That is likely wel­come news to home­own­ers un­will­ing or able to ded­i­cate the $10,274 av­er­age price tag as­so­ci­ated with a full bath­room re­model. In­stalling a new shower or bath tops the list of bath­room ren­o­va­tion projects home­own­ers un­der­take. Free-stand­ing show­ers and shower and bath­tub com­bos are the most popular choices. The projects av­er­age $4,381 and $3,453 re­spec­tively and ac­cord­ing to Ter­rill, most home­own­ers find the re­sale value worth the in­vest­ment. Up­dat­ing the floor­ing is also a common small-scale project in the bath­room, with costs av­er­ag­ing $1,794. In­stalling a col­or­ful tile floor is an es­pe­cially ap­peal­ing way to brighten up a dull bath, but if tiling the en­tire bath­room is out of the ques­tion, home­own­ers can still add flair with tile above the sink or bath­tub. “Re­gard­less of the size and scope of the ren­o­va­tion project, one tool I find help­ful is Home Ad­vi­sor’s Cost Guide,” said Ter­rill. “This on­line re­source helps home­own­ers get a bet­ter idea of the costs they can ex­pect to in­cur when com­plet­ing a project.”


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