Is a home remodeling project worth it?
"There are a lot of answers to that question," says Stephen Gidus, co-owner of PSG Construction in Orlando.
It's worth it when it makes life more comfortable, convenient and aesthetically pleasing for the homeowner — especially if the homeowner plans to be in the home to enjoy the improvements for years to come, he said. It also is worthwhile if it adds value to the home and is likely to be attractive to future buyers.
Projects that traditionally boost a home's value and appeal include kitchen and bathroom remodels and the renovation or addition of a porch, says Scott McCurdy of Coastal Reconstruction in Orlando. Simple additions that add character to a home also increase its resale value a little. Interior and exterior paint can add "a lot of zing especially in colors that are currently popular, such as greens and black," he says.
Other smaller projects include installing trims such as crown moldings, wider baseboards and tile backsplash; changing the hardware on doors; changing toilets, sinks and bathroom hardware; installing new appliances; upgrading countertops; or reworking cabinets by painting them or replacing the doors and hardware.
Gidus suggested two other remodel projects that boost value: the addition of storage space and a multipurpose room.
"Here in Florida we don't have basements or large attics. Extra closet space is very valuable. It has a lot of appeal for resale."
Also, flex-space at the back of the house or upstairs is great. "Based on the size of the family and where they are in the growth cycle, it could be used as a playroom, recreation room, home office, exercise room or entertainment space," Gidus says. "And based on your budget, you could include built-in bookcases, entertainment center, fireplace, full- or half-bath, wet bar, under-counter fridge and a porch or lanai for outdoor living."
But the kitchen is still king when it comes to adding value to a home, followed by the bathroom.
"Those rooms are designed for today. The look and functionality of cabinets, appliances, tile, lighting fixtures, et cetera, becomes outdated fastest," Gidus says.
Kitchens, in particular, are changing — in looks, layout and function, McCurdy says.
"We're finally realizing the kitchen has always been the main gathering point in the home. But until recently, most kitchens have been inadequate to take a crowd," he says. A renovation project can expand the kitchen or open it up to an adjoining space by removing a dividing wall.
Other popular upgrades include commercial-grade stainless steel appliances; a computer desk; comfortable seating; better-quality cabinetry; granite countertops; and even a fireplace.
A remodeled bathroom usually combines luxury with function, McCurdy says. "It's a place to retreat and unwind."
Features that increase a bathroom's appeal include larger showers with rain showerheads, steam showers, body sprays, heated floors and hinged glass doors or partial shower walls. Also consider soaking tubs instead of whirlpool tubs, more windows and skylights to let in sunlight, and more efficient, quieter ventilation. Disappearing is the elaborate decking that raised tubs several steps above the floor, making access difficult and even dangerous.
"You'll never get dollar-for-dollar what you put into a renovation," McCurdy says. "But with a kitchen or bath, especially, you'll definitely improve your home's value and increase its resale appeal."