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Bathroom and Kitchens Offer Amazing Home Renovation ROI

If you are unhappy with an outdated kitchen or bathroom in your home, it can be a strain on your daily life. Outdated cabinets offer less space, fewer organization opportunities, and unruly flow. Not to mention, an old kitchen and bathroom can give your home’s value a real hit. And while you may not be considering selling your home any time soon, why not update the kitchen and bathroom now so you have a chance to enjoy it?

HGTV recently ran an article covering “Which Home Improvements Pay Off?” We were not surprised and happy to see kitchen and bathroom remodels top on the list. Highlights from the article:

  • A minor kitchen remodel (around $15,000) returned 92.9 per percent value. Remodel now, enjoy it, and see nearly all of it back when you sell in the future!
  • A recent study found that in hot housing markets including Chicago, kitchen or bathroom remodels can return more than 100% value.
  • In Chicago, bathroom remodels have seen triple-digit returns.
  • For ROI, an architect in the article recommends a traditional look: all-wood cabinets, commercial-look appliances, natural wood or stone floors, and stone countertops.

Seigle’s loves nothing more than seeing a remodel pay off for our clients. Recently, homeowners in Elgin were having trouble selling their home that included an outdated kitchen, so they took it off the market. They stayed in the home for a few years and remodeled the kitchen with Seigle’s, transforming it into an open kitchen with a large working island. Then they listed the house and were able to successfully sell it for more than the asking price! See the before and after photos of this winning kitchen remodel.

Experts in the article note that kitchens and bathrooms are “where you can tell if money has been well spent or not” as they are “the most expensive areas of the home in terms of construction. And they’re where people spend time in their homes.” They also give our favorite advice: remodel now, because you’ll get the maximum use out of it. The article notes, “You can’t measure the value you get out of your use and enjoyment of the home improvements you make.”

Read the full article here.

Interested in getting started on your dream kitchen or bathroom? Make an appointment at your nearest Seigle’s today!

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