Remodeling a home is an exciting and fun process; you’re able to customize your home to fit your living needs, and your home feel uniquely you. Many young couples will opt for a “fixer upper” in the hopes that they can turn their hard work into sweat equity. While most remodeling projects will add value to your home, different projects give a bigger return on your investment. Here are some of the changes you might be looking to make, and what kind of ROI you can expect:

Kitchen – Any good Realtor will tell you that there is value in remodeling kitchens and baths. While having a nice, relaxing bathroom may be nice, most families agree that a spacious and comfortable kitchen is a top priority. The average cost of a kitchen remodeling is $17,000, although high-end or large kitchens can cost up to $50,000 or more. Most kitchen remodels will get you a 70-80% return on your investment, and will often times help your house sell more quickly.

Bathrooms – An average bathroom remodel is $12,500, but you can do sections of the bathroom to help freshen up the look. Paint, a new vanity and a fun shower curtain can do wonders for a bathroom, and can be an inexpensive as $3,000. If you’re planning on putting a lot of money into the kitchen, you’ll want to at least do some kind of work to your bathrooms. On bathrooms, you can expect about a 78% return.

Additions – Adding a bedroom or bathroom to your home can make your house very attractive to buyers, especially if you’re adding a third bedroom or second bath. Many first-time home buyers are looking at 3/2, since they may be newlyweds, or have or are planning to have kids in the next few years, so upping your property from a 2/1 to a 3/2 is a major upgrade. If you’re planning on adding a bathroom, you can expect a 66% return and other additions can have an ROI of between 80-90%.

One of the most important things to keep in mind when remodeling your home is that you never want to over-remodel for your neighborhood, since it makes it extremely difficult to recoup your investment. One great rule to follow is the 15% rule—meaning you shouldn’t invest over 15% of your home’s value on any one home project.

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