Can Bathroom & Kitchen Remodels Affect the Value of Your Home?

Kitchen and bathroom renovations are some of the worthiest investments you could make when you are considering renovating a home. You could easily find experts when it comes to taking care of bathroom and kitchen renovations  Melbourne.

Take a look at how kitchen and bathroom renovations projects positively impact the value of your home.

Kitchen Remodelling Increasing Home Value

If you plan to lend or sell the property, the kitchen would be the first place that the renters or buyers would look at.  If the kitchen is up to date and is equipped with modern appliances and facilities, renters or buyers should be willing to pay a higher price. However, an outdated kitchen can be a huge turn off for potential renters or buyers. Hence, kitchen renovations should be the top upgrades that would make a huge impact on the property’s value.

The goals of kitchen remodelling should be in:

  • Making the kitchen airy by opening the floor space
  • Removing dull, worn-out and damaged areas in the kitchen replacing them with newer, brighter and modern ones.
  • Boosting aesthetics of the kitchen
  • Enhancing the functionality of the kitchen to promote the quality of life

Kitchen renovations could be mid-scale, minor or major. Have a look at some of the mid-scale and major kitchen renovations that would help in boosting the value of your home.

  • Repainting the space in modern colours
  • Installing custom cabinets and under cabinet lighting
  • Installing smart and extra storage
  • Rerouting and upgrading the plumbing
  • Upgrading the floors
  • Installing tile or ceramic backsplash send stone countertops
  • Installing energy-efficient features
  • Rearranging and changing the layout of the kitchen
  • Upgrading kitchen appliances to modern ones
  • Merging kitchen and dining to create an open floor plan
  • Adding an island and installing exhaust fans

Some of the minor kitchen renovations you might consider are:

  • Refacing & repainting the cabinets
  • Installing new backsplash
  • Installing vinyl floors

Minor upgrades might offer a higher return on investment when compared to major remodels. However, before you decide on the extent of the remodelling project, you should consider the current state of the kitchen.

Bathroom renovation & increasing home value

The available budget would determine if you could add a new bathroom or remodel the existing one. Adding a new bathroom would transform the style and functionality of the home but could be more expensive. However, upgrading an existing one would bring in a higher return on investment.

Take a look at some of the most profitable bathroom upgrades:

  • Installing heated flooring
  • Replacing the bathroom floors
  • Repainting the bathroom walls
  • Allowing natural light into the kitchen
  • Improving the lighting
  • Adding exhaust fan to reduce dampness
  • Upgrading the plumbing
  • Upgrading the vanity area
  • Installing granite countertops and modern sinks
  • Installing energy-efficient accessories like low flow faucets and energy-saving bulbs
  • Installing rain shower head with multiple flow settings
  • Installing walk-in shower and glass door

Bathroom renovations are easier when compared to kitchen upgrades as the kitchen has a larger footprint when compared to the bathroom. As a result, Kitchen upgrades would cost more when it comes to material and labour expenses.