Keeping Current Matters

National Association of Realtors

Monday, April 29, 2019

Baths, Beds and Kitchens: Key Projects for a $10,000 Renovation

When it comes to home improvement, additions to the bathrooms, bedrooms and kitchen are popular—and pricey—upgrades. According to Remodeling magazine's 2018 Cost vs. Value Report, the average cost of a kitchen remodel is $21,198; the average bath remodel runs $19,134; and adding a bed and bath combined for a master suite totals $123,420.
The average homeowner in a recent survey by Trulia is budgeting (a realistic) $8,879 for a remodel this year—and according to Trulia's Design Panel, they can defray expenses and stay on-target. The best projects (for a steal!) are:
  • Add storage (go the inexpensive route with shelving) and tile.
  • Install modern plumbing.
  • Replace the cabinets with a vanity.
  • Add a rug. (A design and disguise element.)
  • Brighten up with an accent wall and lighting.
  • Get a high-quality mattress, but lower-cost linens and pillows.
  • Add contemporary countertops and door knobs/pulls.
  • Customize the pantry with storage.
  • Give cabinets a facelift with new paint.
These budget-conscious improvements can keep you from overspending, the panel says, coming in, generally, at $10,000 or less for each room. It pays to spend wisely!
Trulia's Design Panel is comprised of experts in design, staging and storage.
Source: Trulia 

Nancy M. Alexander - Stone Harbor and Avalon NJ Real Estate