Of all the renovations that you have made in the last year, everyone in the family agrees that the new bathroom was the best. The fact that you finished the basement means that the girls have a great place to hang with their friends when they come home from college, but the extra full bathroom means that you always have an extra shower when the house is full of company.
After being in your home for a little more than 20 years, it was time for a change. The cupboards in the kitchen where in need of the most repair, the woodwork was both cracked and faded in some places. Although the girls continue to tease you that you made all of these improvements after they moved out, but your husband is quick to reply that it was only after they moved out that the changes could be afforded.
Home Improvement Tasks Add Both Function and Value to Your Home
Whether you are ready to add a new bathroom to the basement or totally remodel your kitchen, it is good to know that both of these improvements are among the highest return on investment (ROI) renovations. In fact, the latest research indicates that even a minor kitchen remodel has an average return on investment of 82.7%, and that more than 80% renovating home owners are replacing major bathroom features such as countertops, flooring, showers, and sinks. Consider some of these other facts about popular home remodeling projects:
- Laminate flooring can last between 15 and 25 years, and some of the latest products are made to look like natural wood floors.
- 54% of home buyers, however, indicate that they were willing to pay more for a home with hardwood flooring, according to the National Association of Realtors.
- 44% of home owners indicate that they prefer carpet in the bedroom.
- 90% of home owners indicate that they prefer tile or hardwood in the kitchen.
- Of the 93% of home owners who are updating countertops during a kitchen renovation, the majority of them indicate that they are choosing natural stone materials.
- 25 square feet of counter space is the average in kitchens across the U.S.
If you are looking for a way to deal with being an empty nester or are looking for a way to make sure that your college students come home more often, it might be time to spend some of your energy and resources on updating your home.