Faced with the daunting unknowns and potential complications of large-scale renovations, many people immediately turn away from buying a fixer-upper. In fact, a recent study by Frontdoor reports that offers for fixer-uppers halved from 2022 to 2023. But the high risk can come with a high reward. Frontdoor found that on average, those who take the leap of renovating a fixer-upper earn a 27.5% return on their investment. And thats on top of the personal benefits gained from designing a home to your taste.
Of course, without the appropriate planning and strategy, budgets tend to spiral out of control and many find out the hard way that some renovations don't pay off. To find out which home improvements are really worth your time and money, Frontdoors data team used information from Zillow, such as square footage and price (in conjunction with Kukuns home remodeling cost estimator) to determine the most profitable home renovations. The vast majority of these turned out to be in the kitchen and in the bathroomtwo rooms that can be key to increasing the value of your home. Keep reading to find out which renovations came out on top.
The kitchen is the heart of any home, so its no surprise that kitchen cabinets make a big impression on a prospective buyer. Whether you reface existing cabinets or install new semi-custom ones, the average increase in property value from this renovation alone is 3.63%, which comes out to around $7,510. This is by far the most profitable home renovation for fixer uppers, according to Frontdoor's findings.
Replacing mid-market branded appliances with higher-end alternatives creates a more luxurious and efficient kitchen with little effort. Buying new appliances for your fixer upper is set to increase your market value by 2.35%, or $4,922.
Counters serve an important functional purpose, and they're also often a focal point of a kitchen. According to Frontdoor, switching your counters to granite, quartz, marble, or porcelain materials can increase the price of your home by 1.81%.
Again, switching out mid-market sinks with higher end options can have a significant impact on the appearance and, therefore, the price of your home. This type of renovation on average increases the home's value by 1.12%.
After making a bunch of renovations, why not give them a spotlight with installing new ceiling lights over the counters or sink? Adding these types of lighting could give you a 1% boost on selling price.
Similar to your counters, the backsplash of your kitchen is an eye-catching detail that needs some attention. Adding a granite, quartz, marble, or porcelain backsplash can add .42% value onto your property.
Though bathroom renovations typically add less value than those in the kitchen, they can still add a four figure sum. Shower and tub surround panels will contribute the most to bathroom renovations, with an increase of .92% or $2,300.
Replacing an average faucet, sink, and toilet with a higher end option transforms the appeal and comfort of your bathroom, adding .61% value and potentially saving you from an old-pipe-induced plumbing disaster.
Whether you're redoing your original cabinets with higher end materials or installing completely new ones, upgrading your bathroom cabinets can add .45% to its value. New cabinets are also an easy way to change up the aesthetic of your bathroom by introducing wood or color.
See original here:
These Kitchen and Bathroom Renovations Will Add the Most Value to Your Home - Real Simple
- My husband likes to keep everything, and I prefer minimalism. A home remodel helped us learn to declutter together. - Business Insider - December 10th, 2024 [December 10th, 2024]
- 11 Beautiful Kitchen Sink Ideas That Will Transform Your Space - Martha Stewart - December 10th, 2024 [December 10th, 2024]
- These Kitchen Paint Colors Will Be Everywhere in 2025 - House Beautiful - December 10th, 2024 [December 10th, 2024]
- I Asked 3 Designers the Most Impractical Kitchen Cabinet Trends, and They All Said the Same Thing - Apartment Therapy - November 12th, 2024 [November 12th, 2024]
- A 1950s NYC Kitchen Gets a Chic Makeover for Way Cheaper Than Youd Think - Yahoo Lifestyle UK - November 12th, 2024 [November 12th, 2024]
- The Glass-Front Kitchen Cabinet Trend Is Back: Experts Share How to Style What's Inside - Better Homes & Gardens - October 28th, 2024 [October 28th, 2024]
- These Sisters Transformed Their Mountain Home To Accommodate Their Growing Families - Southern Living - October 28th, 2024 [October 28th, 2024]
- America Is Primed for a Home-Renovation Resurgence - WSJ - The Wall Street Journal - October 28th, 2024 [October 28th, 2024]
- Jana Duggar's Kitchen Reno Is Finally Complete! See the 'Before & After' of Her Home with New Husband - PEOPLE - October 28th, 2024 [October 28th, 2024]
- Before & After: A 1950s Kitchen Gets a Stunning Transformation (With Cabinets Youd Think Are Custom!) - Yahoo Canada Shine On - October 28th, 2024 [October 28th, 2024]
- 4 Design Mistakes That Can Hurt Your Home's Resale Value, According To The Experts - Southern Living - September 29th, 2024 [September 29th, 2024]
- Erin Napier's Budget-Savvy Tip For 'Wood' Cabinets Without The Hefty Price Tag - House Digest - September 29th, 2024 [September 29th, 2024]
- Houston Home Remodeling Expert Sets the Standard for Quality Renovations - openPR - September 29th, 2024 [September 29th, 2024]
- River City Construction Inc. Launches Its Home Remodeling Services In Boston - EIN News - September 29th, 2024 [September 29th, 2024]
- A kitchen remodel that's designed to be practical, rugged and still beautiful - The Inlander - September 20th, 2024 [September 20th, 2024]
- Warren Buffett snubbed daughter Susan's $41,000 loan request to remodel kitchen, gave her surprising advice to - Hindustan Times - September 20th, 2024 [September 20th, 2024]
- This $400 Kitchen Transformation Is One of My Favorite Budget Makeovers of All Time - Apartment Therapy - September 20th, 2024 [September 20th, 2024]
- S&E Remodeling Inc. to Exhibit at Washington Home Show and Announce New Partnership with TimberTech - EIN News - September 7th, 2024 [September 7th, 2024]
- 12 Home Trends That Will Be Everywhere Soon - Forbes - September 7th, 2024 [September 7th, 2024]
- Four things to know about kitchen renovations - Bangor Daily News - September 7th, 2024 [September 7th, 2024]
- Closing Time: Renovations that add value to a homes worth - Winters Express - September 7th, 2024 [September 7th, 2024]
- Power House Construction Sets a New Standard for Kitchen and Bathroom Renovations in London, Ontario - openPR - September 7th, 2024 [September 7th, 2024]
- 20 Home Renovations That Will Hurt Your Home's Value - GOBankingRates - September 7th, 2024 [September 7th, 2024]
- 6 Kitchen Cabinet Trends for 2025Including 5 Unexpected Colors Sure to Go Viral - Real Simple - August 17th, 2024 [August 17th, 2024]
- Accelerated of La Jolla gets home remodeling projects moving ahead - The San Diego Union-Tribune - July 6th, 2024 [July 6th, 2024]
- Access by Cabinet Joint Enjoys a Year of Modern Design - PR Newswire - July 6th, 2024 [July 6th, 2024]
- Joanna Gaines' outdated mid-century modern kitchen remodel is the best example of 'old money' style I have ever seen - Homes & Gardens - July 6th, 2024 [July 6th, 2024]
- Every 2024 Kitchen Design And Appliance Trend To Look Out For Forbes Home - Forbes - June 24th, 2024 [June 24th, 2024]
- These 13 Remodel Trends Are Actually Ruining Your Kitchen - Architectural Digest - June 24th, 2024 [June 24th, 2024]
- 60 Small Kitchen Ideas to Do More With Less in 2024 - ELLE Decor - June 24th, 2024 [June 24th, 2024]
- Marni Jameson: She wanted a new shower, it came with a new kitchen and bath - Orlando Sentinel - June 24th, 2024 [June 24th, 2024]
- 34 Creative Kitchen Wallpaper Ideas - Better Homes & Gardens - June 24th, 2024 [June 24th, 2024]
- Lower Kitchen Cabinets Are The Outdated Design Trend Being Replaced In 2024 - House Digest - June 13th, 2024 [June 13th, 2024]
- This Falls Church Kitchen is Party Ready - Northern Virginia Magazine - June 13th, 2024 [June 13th, 2024]
- The Best Kitchen Renovation Tips From The Fixer To Fabulous Team - House Digest - May 6th, 2024 [May 6th, 2024]
- 21 Best Home Improvement Shows to Watch in 2024 - House Beautiful - May 6th, 2024 [May 6th, 2024]
- Save Thousands of Dollars With This Kitchen Renovation Tip - House Beautiful - May 6th, 2024 [May 6th, 2024]
- A Dated "'80s Farmhouse Kitchen Flip" Gets a Sleek MCM-Style Makeover - Yahoo Life - May 6th, 2024 [May 6th, 2024]
- Utah brothers bring 50 years of experience to kitchen remodels - KSL.com - March 23rd, 2024 [March 23rd, 2024]
- My Lottery Dream Home Proves Why Replacing Dark Countertops Isn't The Best Idea - House Digest - March 23rd, 2024 [March 23rd, 2024]
- 4 kitchen remodeling trends to watch in 2024 | KSL.com - KSL.com - February 26th, 2024 [February 26th, 2024]
- 23 Small Kitchen Ideas To Make The Most Of Your Space - Southern Living - February 26th, 2024 [February 26th, 2024]
- Kitchen paint colors going out of style in 2024 | - Homes & Gardens - February 26th, 2024 [February 26th, 2024]
- All About Porcelain Countertops, the Latest Kitchen Trend - Real Simple - February 26th, 2024 [February 26th, 2024]
- Salma Hayek's kitchen cabinets will dominate in 2025, say experts | - Homes & Gardens - February 26th, 2024 [February 26th, 2024]
- Before & After: A Kitchen Remodel That has us Convinced Dark Wood Cabinets are Back For 2024 - LivingEtc - February 26th, 2024 [February 26th, 2024]
- I'm a Dollar Tree Shopper and I Renovated My Kitchen for $30: "So Much Brighter" - Best Life - February 16th, 2024 [February 16th, 2024]
- HGTV's Erin Napier Warns Against This Countertop Type In Old Homes - House Digest - February 16th, 2024 [February 16th, 2024]
- Kitchen Upgrades That Are Definitely Worth The Price, According To HGTV Stars - House Digest - February 16th, 2024 [February 16th, 2024]
- 5 Kitchen Upgrades That Are Actually Worth the Money, According to Pros - Yahoo Movies UK - February 16th, 2024 [February 16th, 2024]
- How to paint kitchen cabinets? Easy tips, techniques, and other details explored - Sportskeeda - February 16th, 2024 [February 16th, 2024]
- AT HOME WITH MARNI JAMESON: What's cooking in kitchens? Open floorplans, bigger islands, study finds - The Times of Northwest Indiana - February 7th, 2024 [February 7th, 2024]
- Glass Mosaic Backsplashes Are Stunning, But They Come With Some Big Disadvantages - House Digest - February 7th, 2024 [February 7th, 2024]
- How to Finance a Kitchen Remodel - The Motley Fool - January 13th, 2024 [January 13th, 2024]
- 5 Ways to Refresh Your Kitchen Cabinets If You Hate How They Look - Real Simple - January 13th, 2024 [January 13th, 2024]
- 10 signs you need a new kitchen in 2024 and the knowhow you need to update it | - Homes & Gardens - January 13th, 2024 [January 13th, 2024]
- City to continue Brooktree renovations with kitchen remodel - Southernminn.com - January 13th, 2024 [January 13th, 2024]
- 10 Beautiful Blue Kitchens To Inspire Your Next Remodel - The Gloss Magazine - January 13th, 2024 [January 13th, 2024]
- Sleek Design Meets Function with Scandi-Inspired Kitchens - Better Homes & Gardens - January 13th, 2024 [January 13th, 2024]
- The Showstopping Countertop Material That Will Give Your Home The Most Luxurious Feel - House Digest - January 13th, 2024 [January 13th, 2024]
- Cost of Kitchen CabinetsEverything You Need to Know - Real Simple - January 5th, 2024 [January 5th, 2024]
- Kitchen Trends 2024: Revamp Your Kitchen In Style - Bored Panda - January 5th, 2024 [January 5th, 2024]
- Martha Stewart regrets buying this kitchen appliance | - Homes & Gardens - January 5th, 2024 [January 5th, 2024]
- TikTok Shows You How To Save Big Bucks When Renovating Your Kitchen Cabinets - House Digest - January 5th, 2024 [January 5th, 2024]
- Alicia Silverstone's kitchen is proof that this color scheme is far from dated or overdone, say experts - Homes & Gardens - January 5th, 2024 [January 5th, 2024]
- The Joanna Gaines-Approved Backsplash Material That'll Brighten Up Your Kitchen - House Digest - January 5th, 2024 [January 5th, 2024]
- Dave Ramsey Reveals the 10 Most Popular Home Renovations and Their Typical Cost - AOL - December 11th, 2023 [December 11th, 2023]
- The Hidden Downside That May Make You Rethink Marble Countertops - House Digest - December 11th, 2023 [December 11th, 2023]
- Remodeling a kitchen: 28 best kitchen remodel ideas for any space - March 24th, 2023 [March 24th, 2023]
- Home - Cane Island Kitchen Remodeling Solutions - March 24th, 2023 [March 24th, 2023]
- Nielson Hardwoods Inc. and Willow and Wilson give expert tips for kitchen remodels - The Grand Junction Daily Sentinel - March 24th, 2023 [March 24th, 2023]
- Kitchen Remodeling Ideas: 12 Amazing Design Trends in 2022 - February 19th, 2023 [February 19th, 2023]
- 34 kitchen remodel ideas to inspire your 2022 project - February 19th, 2023 [February 19th, 2023]
- Does The Location Of Your Dishwasher In Your Kitchen Actually Matter? - House Digest - October 8th, 2022 [October 8th, 2022]
- HKO-WHL-Standings - The Advocate - October 8th, 2022 [October 8th, 2022]
- University of Bridgeport's first enrollment increase in five years driven by international students - Greenwich Time - October 8th, 2022 [October 8th, 2022]
- Harvard 35, Cornell 28 - The Advocate - October 8th, 2022 [October 8th, 2022]
- Third suspect at-large in deadly Hartford carjacking, report shows - The Advocate - October 8th, 2022 [October 8th, 2022]
- What is the Cost of Countertops? (2022) - Bob Vila - October 8th, 2022 [October 8th, 2022]
- Renovate or relocate? Priced out of perfect homes, homeowners are choosing to create them instead - Yahoo Finance - August 20th, 2022 [August 20th, 2022]