5 Areas Where Homeowners Are Expected to Spend Their Remodeling Dollars This Year
Remodeling spending is expected to jump in 2014 as the housing market steadies and homeowners begin to look at adding value to their homes. The following five areas are where homeowners are expected to spend the most remodeling dollars this year:
Bathrooms: An updated bathroom can be a huge advantage when selling a home. Furthermore, remodeling a bathroom is often one of the less expensive rooms to make over. Homeowners are likely to recoup 72.5% of the cost at resale according to Remodeling Magazine’s annual Cost vs. Value report.
Kitchens: Even a minor kitchen remodel (replacement of cabinet fronts, oven and cooktop, countertops, sink and faucet, and flooring) is shown to recoup 82.7% at resale.
Exterior Updates: After kitchens and baths, landscaping projects are high on the remodeling list for homeowners, said Liza Hausman, Houzz’s Vice President of Community. Many people choose to create outdoor entertainment spaces to add more…
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