What’s The Value of a Remodel?
Popular media and industry publications record ongoing evaluations of the return on investment of a kitchen and bathroom remodel. Recent reports found that homeowners in Pittsburgh, PA can expect to recoup 54% to 71% of the cost of a kitchen remodel when they sell their homes. Homeowners in Pittsburgh, PA could expect to recoup 54% to 63% of the cost of a bathroom remodel.
There’s another factor that is not readily apparent. Homes with renovated kitchens and baths tend to sell faster than those that need updating. Many buyers in Pittsburgh, PA don’t want to go through the stresses and hassles generally associated with renovating their new home purchases.
While obtaining a meaningful return on investment is a driving factor for homeowners in Pittsburgh, PA in determining whether or not to remodel, looking at numbers alone does not tell the entire story or represent the entire return received. The kitchen and primary bath are the two most important rooms in a home. The kitchen is the place where family becomes family, cooks can become chefs and friendships are celebrated. There are long-term financial benefits to improving one’s home, but that’s not the primary reason most homeowners in Pittsburgh, PA decide to remodel. New kitchens and baths improve the lives of family members. Most homeowners in Pittsburgh, PA agree that having a few minutes every day all to themselves devoid of tweets, texts and little feet delivers a better ROI than a 70% return on the cost of a remodel.
Give us a call at 412-922-1200 to learn more about Jacob Evans Kitchen and Bath.
