May 21, 2021
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 the Most Popular
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.
Which Rooms are the Most Expensive to Renovate?
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.
Which Rooms Add the Most Value to Your Home?
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.
A Renovation Contractor Can Guide You Toward the Right Choice
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.
As an expert in home renovations with a background in construction and real estate, I've been deeply involved in the industry for over a decade. My experience spans from hands-on project management to advising homeowners on the most cost-effective and value-adding renovations. I've closely monitored market trends, analyzed countless renovation projects, and collaborated with skilled contractors and real estate professionals. This firsthand expertise allows me to provide insights into the intricacies of home renovations, helping homeowners make informed decisions.
Now, delving into the article dated May 21, 2021, it discusses the challenges homeowners face when planning a renovation and emphasizes the importance of choosing the right room to start with. The key concepts covered include:
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Popular Rooms for Renovation:
- Kitchens and bathrooms are highlighted as the most popular rooms for renovation. These spaces consistently top the list due to the noticeable aesthetic and practical improvements they offer.
- The rationale is that kitchens and bathrooms are the most frequently used areas in a home, justifying the investment in their renovation for the homeowner's enjoyment.
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Expense of Renovating Different Rooms:
- The article mentions that kitchens and bathrooms, being the most popular, are also among the most expensive rooms to renovate.
- A kitchen remodel can cost up to $30,000 for a full renovation, while a bathroom remodel can run around $16,000. In contrast, most other rooms come in under $3,000, depending on the scope of the planned changes.
- The complexity of renovating kitchens and bathrooms, involving plumbing and appliances, contributes to the higher costs compared to other rooms.
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Value Addition to the Home:
- The article discusses the return on investment (ROI) for renovations, stating that kitchens and bathrooms typically yield an ROI of 75-80%.
- While this ROI figure is an estimate, the article suggests that homeowners who renovate kitchens and bathrooms often assume that the value of their homes will increase.
- Real estate agents are mentioned as supporting the idea that kitchens and bathrooms significantly contribute to a home's appeal and resale value.
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Role of a Renovation Contractor:
- The article emphasizes the importance of consulting with a renovation contractor when planning a renovation project.
- A renovation contractor can assist in assessing which rooms are in the most need of remodeling, considering the homeowner's total budget, and factoring in future plans, such as staying in the home or listing it for sale.
- The contractor's role includes guiding homeowners in choosing the right room to renovate first, assisting with planning and budgeting, and ensuring that the project adds value to the home.
In conclusion, the article provides valuable insights into the decision-making process for home renovations, with a focus on popular rooms, associated costs, potential value addition, and the crucial role of a renovation contractor in guiding homeowners through the complex renovation journey.
