Remodeling isn't just for homeowners who are tired of their home’s current look. These projects also boost the home’s value, which is a big advantage whether you’re getting it ready for the market or just settling into a new home.
The most common remodeling projects involve making changes to bathrooms and kitchens. This really isn't surprising if you consider the fact that buyers usually focus on these rooms the most when looking for a home to purchase. Bathrooms have a slight edge over kitchens when it comes to which remodeling project is the most common. The National Association of Home Builders’ 2013 Remodeling Market Index survey showed that 72 percent of respondents had bathroom projects done, while 70 percent had their kitchen remodeled. Bathrooms and kitchens are always among the top remodeling projects on these surveys, but at one point, kitchens were ahead. In addition to being the most important rooms for buyers, kitchen and bathroom remodeling projects also typically yield a high return on investment, meaning that you’re more likely to get back all or most of the cost of these projects when you sell your home.
While bathrooms and kitchens are the most common remodeling projects, there are a few other types that are also done quite a bit. These include replacing doors and windows, remodeling an entire house, adding a room, installing a deck and repairing damage. Whether you’re preparing to sell your home or planning on fixing up a new home, keep these kinds of projects in mind, along with kitchen and bathroom remodeling projects.
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