When you are planning a renovation, knowing where to start can be the hardest part for many homeowners. Assuming you can’t take on an entire top to bottom home renovation at once, you may be wondering which room is best to start with. Which room will make the biggest difference? Which room will add the most value? Which room is the most expensive? Knowing the answers to all of these questions can help you settle on the right room to discuss with your renovation contractor.
Kitchens and bathrooms are by far the most popular rooms to renovate. Kitchens have consistently topped the list, with bathrooms close behind. Generally speaking, kitchens and bathrooms are popular to renovate because they make a noticeable aesthetic and practical improvement. These two rooms are the most used spaces in the home, and homeowners want to put the effort and expense into these spaces for their own enjoyment. If you are looking for a room that will make a big difference, renovating your kitchen or bathroom fits the bill.
Unsurprisingly, the rooms that are the most popular are also among the most expensive. A kitchen remodel can be as high as $30,000 for a full remodel, while a bathroom can run about $16,000. Most other rooms come in under $3,000, depending on what you plan to do. Kitchens and bathrooms are much more difficult to renovate, involving plumbing and appliances, while other rooms are typically less involved.
While the ROI for kitchens and bathrooms is around 75-80%, most homeowners who renovate kitchen and bathrooms do stay in their homes, so the ROI is an estimate rather than a confirmed increase in value. Most homeowners who renovate their kitchens and bathrooms assume that the value of their home will increase. When speaking with a real estate agent, they will agree that kitchens and bathrooms sell homes. Because these rooms are expensive, disruptive, and labor intensive to renovate, many home buyers will be drawn to a home with a recent remodel.
When you are planning a renovation, you will need to balance many factors. Which rooms are in most need of a remodel? What is your total budget for the remodel? Are you planning to stay in your home or are you planning on listing your home within the next few years? A renovation contractor can look at your wish list for renovations, your total budget, and your future plans to help you develop a renovation strategy that will work best for you and your family.
Beginning a home renovation can be exciting but overwhelming. Finding the right renovation contractor can make the project much more manageable. A renovation contractor can guide you to choosing the right room to begin with, help you with planning and budgeting, and ensure that your project adds value to your home. Contact Community Renovations today for an estimate of your next home renovation project.