Home Decorating

Article by Richard Hector

Remodeling your Miami home can be a big decision and a big investment. Deciding what to remodel ? and where to begin ? can be equally daunting. Purchasing a remodeled home also presents challenges for buyers who want to make sure the changes added significant value to the property. Anything more than minor cosmetic improvements tends to add up quickly, so home owners and homebuyers want to make sure they put their money to the best use. If you are looking to begin improvements on your Miami home, or if you are looking to buy a home that has already been remodeled, it is important to know how much value there is in remodeling. Making the right improvements in the right rooms can ensure the best return on the investment.

Kitchen Improvements

Remodeling projects in the kitchen are among the most effective for producing a financial return. In fact, improvements in the kitchen can bring back as much as 80% of their cost. In other words, a kitchen remodeling project that cost ,000 can recoup about ,000 in overall home value or in resale value. Some improvements in kitchens can yield better return rates than others. Stainless steel appliances and granite countertops remain popular home trends, and homeowners can expect to see a high rate of return on their investment when adding these features. Larger projects, any involving construction, tend to be more difficult to recoup. Moving a wall, for instance, might be convenient for homeowners but tends to be less valuable in resale.

Bathroom Improvements

Remodeling projects in the bathroom usually yield an average of 70% return on the investment. Each bathroom remodeling project can expect to see this average, although some bathrooms are evaluated higher than others. For example, a remodeled master bathroom or even a remodeled family bath can add more than 70% of the cost, while a remodeled half bath might add a little less than this percentage. On the other hand, adding a shower to a half bath, thus turning it in to a three-quarter bath, can bring a return much closer to or possibly over 70%. Of course, adding a half bath to a property that did not have one might be initially expensive, but it can offer the full 70% return or even more, since this increases the number of bathrooms in the home.

Remodeling can seem like a gamble at times, but real estate experts know that the best remodeling projects apply the most effective improvements, in the right rooms, to ensure a close cost-return ratio. If you are looking to remodel a home or to buy a remodeled home, start with the kitchen and the bathrooms. These rooms bring the highest return on their investment, and they are the first places that other buyers will look well.

About the Author

Richard Hector is the owner of Lucky 13 Home Investments, which is an independent real estate firm committed to providing outstanding service and value to the first time homebuyer. For the last 10 years we have been widely recognized in purchasing real estate in South Florida. Our purpose is to revitalize the communities we live in by buying vacant foreclosed homes and remodeling them for families eager to take advantage of today?s housing prices. For more information, visit http://www.lucky13homeinvestments.com.

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