The short answer is yes, but you may not recoup all of the money you spent. A kitchen remodel generally has an ROI (Return on Investment) of 70 to 80% so if you spent $20,000, you might see $16,000 added to the sales price.
You can recoup upwards of 50% to the cost of a bathroom renovation.
You can recoup upwards of 50% to the cost of a bathroom renovation.
It’s important to distinguish monetary worth (ROI-Return on Investment) from visual appeal. Sometimes even the smallest improvement will add design interest, helping to sell the place.
David Waller has been a leader in interior design for over 45 years. The company offers tips on increasing home value.
For inspiration, feel free to come into the David Waller Interiors showroom in Port Orange, FL.
David Waller has been a leader in interior design for over 45 years. The company offers tips on increasing home value.
- Flooring, especially hardwood: Buyers will sometimes pay over 2.5% just for a home with wood floors. The idea is that wood floors will last for years and sometimes look even better with age; if they become scratched or worn-looking, they can be sanded over and over again so there’s little replacement cost.
- Work surfaces: Good news, Deltona, FL! A new kitchen countertop is one remodeling that can give you an ROI of 70 to 80%, especially when it’s granite. People love granite, because every single slab is unique, with “imperfections” that only add more design interest. If it’s real stone, and not man-made, that’s even better, because “green” products also add value.
- Lighting: This makes your kitchen look bigger and brighter. Worn out sconces and broken ceiling-fans-with-lights are a turn off, and will make buyers go on to the next listing.
- Extra storage: This adds value in the eyes of any buyer, whether it’s shelves, extra cabinetry, appliance garages, or a peninsula with space to store pots and pans. By the way, even better if you have a shed, because that may cause your property assessment to go up in valuation.
- Bathroom: Are you looking to remodel this space, Orange Beach? Even the littlest upgrades add appeal, including replacing a tub or toilet, installing a soaking tub, creating some storage shelves, or placing a new floor.
For inspiration, feel free to come into the David Waller Interiors showroom in Port Orange, FL.
