Remodeling projects adds value, enjoyment to home

By Daphne Zollinger | Published Saturday, May 12, 2018

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May is National Home Remodeling month when many homeowners may daydream about sprucing up their home.

Realtors understand how remodeling a home can benefit the homeowner looking to sell. Interior projects, such as kitchen renovations, hardwood floor refinishing and insulation upgrades, often yield the largest financial returns for homeowners.

Realtors also understand that some homeowners undertake these projects to get more enjoyment from spending time at home.

The 2017 Remodeling Impact Report surveyed realtors and consumers who have completed remodeling projects. The report explored homeowners’ reasons for remodeling, the success of certain remodeling projects and the increased happiness found in the home once a project is completed.

Below are three remodeling projects to consider to bring the greatest enjoyment:

  • Add a bathroom: The desire to improve livability, especially as a family grows, often leads to home renovation projects. According to the survey, six out of 10 homeowners said they have a greater desire to be home since adding a new bathroom.
  • Renovate the kitchen: One of the most used rooms in the home, consumers oftentimes draw up their plans for renovating their kitchen first. Ninety percent of consumers have a greater desire to be home since renovating their kitchen, and the top reason for the renovation was to upgrade worn-out surfaces, finishes and materials.
  • Renovate closets: A dream renovation for many consumers, renovating a closet to improve organization and storage was the top reason for 50 percent of homeowners who flipped their closet. Seventy-one percent of homeowners have a greater desire to be home since completing their closet project.

Daphne Zollinger is the president of the Greater Denton Wise County Association of Realtors.

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