According to Remodeling Magazine's annual Cost vs. Value report for 2009 to 2010, both bathroom and kitchen remodels can result in a significant return on investment during resale of the house. For example, a homeowner who completes a typical bathroom remodel, which costs on average $16,142, can see 71 percent of this cost recouped once the home is sold.
"The message here is that remodeling and other home enhancements have both short-term and long-term benefits," says Doug Dwyer, president and CSO of DreamMaker Bath & Kitchen.
Dwyer recommends homeowners keep the trends below in mind when remodeling their kitchen or bath. The insight was derived from a company-wide survey of DreamMaker Bath and Kitchen remodelers and designers.
For the kitchen:
- Cabinet refacing and replacing countertop surfaces are practical ways to makeover your kitchen without renovating the entire space. Darker woods and wood stains are particularly popular for cabinets right now.
- When it comes to countertops, granite and quartz both remain excellent choices for increasing your kitchen's value and appeal. Opt for lighter colors to contrast against darker, bolder cabinets.
- Don't be afraid to get creative with your backsplash tiles. Accent walls with mosaic glass tiles can add some much-needed "pop" to your space.
- When replacing appliances and water fixtures, opt for energy efficient models.
For the bathroom:
- By simply replacing your shower curtain with frameless shower doors, you can make your bathroom space appear much larger without making any changes to the actual footprint.
- Replacing tubs with walk-in showers is an alternative way to open up your bathroom with minimal work. Barrier-free showers are particularly popular.
- Larger size tiles in richer colors allow homeowners to make a dramatic statement in this room of the home. Many economical tile options exist for the budget-conscious.
- Perspective homebuyers have shown an increased interest in eco-friendly materials, such as Lyptus® and bamboo, which add an interesting texture to cabinetry and flooring.