In 2016, the National Association of Home Builders (NAHB) reported kitchen remodeling as the top project of 81% of home improvement contractors, with bathroom remodeling following not far behind.
Considering that the kitchen and the bathrooms are arguably the busiest and most essential rooms in your home, it makes sense to give these areas a new lease on life. Here’s why:
- Kitchens and bathrooms are among the most used rooms in the home. If you like your meals home-cooked, you probably enjoy preparing and cooking food in your kitchen everyday. Likewise, the bathroom is used multiple times a day by all members of the household. Due to frequent use, these rooms endure more wear and tear than other areas of your home.
- These projects are cost-efficient. Even if you don’t plan to sell your home, you might appreciate the fact that a kitchen and bathroom remodel can help you recoup a good percentage of your investment. According to Remodeling Magazine’s Cost Vs. Value Report 2018, the national average ROI (return on investment) of a mid-range kitchen remodel is 59%, while a mid-range bathroom remodel recoups about 70%.
- They help improve your home’s efficiency. Remodeling allows you to replace old and inefficient kitchen and bathroom appliances and fixtures. You won’t only benefit from the advanced features of the new products; you can also save money through reduced electricity and water bills.
Now that you have an idea what’s in store for you when you remodel your kitchen and bathroom, let’s briefly talk about the difference between remodeling and renovation, so that you know exactly what you’re in.
Remodeling is a general term that pertains to making changes to a home or any of its rooms. Remodeling can give a room a new character by changing both aesthetic and functional elements. Renovating, on the other hand, deals more with cosmetic changes.
In the next post, we’ll give you some tips to ensure kitchen remodeling success. Stay tuned!