Here are some interesting stats we saw on the value that home improvement will return on your investment.
1. Minor Kitchen Remodeling: Average cost = $8,655. Average ROI = 88%.
A minor kitchen remodel usually includes replacing the cabinets and counter tops with higher quality materials or increasing the total amount of cabinet storage and counter top surface area. It would also most likely include the addition or upgrade of appliances such as garbage disposals, built in microwave ovens, dishwashers, and higher quality refrigerators.
2. Bathroom Remodel: Average cost = $9,135. Average ROI = 81%
This project would include things such as installing attractive counter tops such as stone, granite, or marble. The fixtures would need to be upgraded and the shower and bathtubs should be resurfaced. Also, any tiling would need to be grouted. Other things that could increase the value of a bathroom remodel would be adding an extra sink basin, converting a bathtub to a Jacuzzi, or installing additional shower heads.
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