And How They Can Increase The Value Of Your Home.
As mortgage rates and home prices rise, an increasing number of homeowners are choosing to stay put and remodel. In fact, according to Harvard’s Joint Center for Housing Studies, remodeling spending is expected to reach $340 billion in 2018, a 7.5% jump from last year.
Kitchen and bathroom remodels are some of the most popular choices for home improvement projects. According to remodellingmagazine.com, a typical kitchen and bath remodel can return approximately 92% of its cost. Now, that’s a great deal!
Kellie from T-Square Properties, a local real estate and property management company servicing the Seattle area, provided the following insights on what remodeling projects will increase your home’s value.
The kitchen is the heart and soul of your home. As such, it needs to be beautiful and efficient. But, do you often feel envious when going to your friend’s house? Or, do you keep saying “oohs and aahs” every time you see an updated kitchen?
If your answer to any of these questions is “Yes”, then it’s a telltale sign you need to remodel yours.
Estimated cost: $299
Estimated cost: $300
Pendant lights should be stylish and bright. Ceiling lights should do more than just illuminations. They should be warm and inviting.
Estimated cost: $75-$250
Estimated cost: $2,000
The new hardware can change the feel of the space, making an out-of-date kitchen feel more modern. For a timeless and trendy hardware, try options like a traditional bin pull and a recessed ring pull.
Estimated cost: $250 for hardware, $300 for paint
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