Granite countertops?... Stainless Appliances?... Recessed lighting?... Tile Floors?... Replace cabinets?... Sometimes plans to remodel your home raise more questions than they answer. One of the major questions is will your home remodel plans payoff when the time comes to sell your home? The difference between granite and Formica® countertops can be thousands of dollars, the same for stainless appliances over standard colors.
Generally investing in a kitchen remodel or a bath remodel is a good decision from a pay back standpoint. The secret is using materials, fixtures and appliances appropriate to your home value and community. A recent bath remodel project in a starter home used $1,500 in materials and fixtures – appropriate to the value of the home and the area – the same project easily could have used fixtures and materials costing several times as much without providing any return on investment.
Kitchens are another area where materials and fixtures can cost 10-15 times more than necessary to carry out a successful home kitchen remodel. Is your home value and location conducive to granite countertops? Stainless Appliances? Ceramic or Real Wood Flooring?
As you start to make your home remodeling plans spend some time touring open houses in your area for ideas of the appropriate price range for fixtures and materials. Determine the value and demographics for your area and then try to avoid overspending as you make selections for your remodel.