Homeowners are always looking for places to put the “best” things in their homes, including the worst remodels. Although there is nothing wrong with wanting to upgrade your bathroom or kitchen, it is important to know when you should walk away from a project. In this article we will explore the top three reasons to avoid remodeling projects that can potentially cost homeowners the resale value of their home. Keep in mind that some of these situations can be fixed and others require drastic reworks.
If your bathroom is falling short of your expectations, one of the first things you should do is assess your budget and determine what is best for your needs. The bathroom is usually the smallest room in the home and the remodel can have a large impact on its value. New toilets, bathtubs, faucets, vanities, counter tops, floors, accessories, cabinets, paint, wallpaper, and other fixtures can drive the overall value of your home up significantly. If your budget allows, you should also add new flooring to your bathroom and kitchen to increase the usability of the rooms.
One of the biggest factors that impact the resale value of your house is the kitchen. If you do not like your current kitchen or are not confident in your ability to remodel it, then a full kitchen renovation may be in order. Remodeling your kitchen with new appliances, cabinetry, countertops, and flooring all increase the value of your property.
If your bathroom is falling behind in style or functionality, another way to improve it is through bathroom renovations. Today’s homeowners typically prefer modern bathrooms with whirlpool spas, Jacuzzi tubs, and other fun features. However, older homeowners who may not be as excited about these modern additions often appreciate simple, no-frills bathroom fixtures that still function well. A simple remodeling job can bring a renewed interest in your bathroom and make it more attractive to buyers.
Many people spend thousands of dollars on creating a relaxing, spa-like bathroom for their home. However, if your home’s bathroom doesn’t have the space, money, or inclination to create this kind of haven, a simple bathroom remodel will improve its appearance, and thus its resale value. Replacing your bathtub with a shower stall, adding new flooring and cabinets, or repainting may also be sufficient. If your home has large windows, consider larger window curtains or blinds for a more modern look and feel.
Although a kitchen renovation may not immediately increase your home’s value, it can make a positive difference in the long run. Often, consumers consider remodeling their home’s kitchens to update their style and functionality. You may be surprised, however, to find out that a quality kitchen remodel can increase the value of your home by as much as twenty percent! The same is true for bathrooms; a great bathroom project can bring a significant boost to your home’s value.
Most homeowners realize that one of the biggest disadvantages of remodeling is the time involved. Whether you’re working on a minor remodeling project like a new toilet or changing the counter tops, scheduling can be an issue. Fortunately, home improvements that directly affect your home’s resale value include things like window coverings, floor coverings, and painting. As mentioned above, these projects are quick fixes that will pay off in the end.
Remodeling isn’t just about making your home look better. It’s about making your home’s overall performance and purpose better. By taking an active role in remodeling your home, you’ll be working with the most effective resources and improving the value of your home in the process. In addition to these top three worst remodels, there are many other projects you can consider to make your home’s performance and resale value the best it can be.