Remodeling Your Bathroom or Kitchen Is a Great Way To Improve Your Home’s Value
Given the instability of the housing market over the past several years, many homeowners are staying in their current homes. Compared to buying a new home, there are many potential advantages to making your existing home work better for you and your family.
Because of this need to make the most out of what we have available to us, home renovation and remodeling services are becoming increasingly popular. By making upgrades, improvements and additions to their current homes, homeowners that choose to remodel are increasing their home’s market value as well as their bargaining power if they do choose to sell.
The National Association of Home Builders conducts an annual survey of home improvement contractors called the Remodeling Market Index (RMI). 2011 RMI data shows that many families are very interested in remodeling the most used rooms in their homes. Bathroom remodeling was the most popular project amongst remodelers surveyed: 78% reported bathroom renovations as their "most common" job. In second place was kitchen remodeling with 69%.
Bathroom and Kitchen remodeling have been consistently the top 2 most popular home remodeling options since the NAHB began collecting data in 2001. Kitchen remodeling was most popular until 2009, when it was topped by bathroom remodeling. You can read the full findings of the survey here.
If you’re interested in learning more about how bathroom and kitchen renovations – or any other home remodeling project – can make your Wichita home safer, more efficient, or even more attractive to potential buyers, give Handyman Matters a call today at 316-773-0303.