ReCasa Financial Blog

As we have mentioned many times in previous years, renovating kitchens and bathrooms bring the biggest return on investment. This still holds true today. According to a report released by Remodeling Magazine, a midrange bathroom update can result in a 60% ROI.

While this insight hasn’t changed, the interior design aspects of a bathroom and kitchen have over the years. Now,

homebuyers are looking for spa like bathrooms. 

Some 2021 bathroom improvements include

·        double showers

·        heated floors

·        dimmer lights

·        zero threshold showers

·        automatic vent fans

Some 2021 kitchen improvements include

·        quartz countertops

·        heated floors

·        adequate storage

Remodeling Magazine’s 2021 Cost vs Value report is very fascinating. “This site compares average costs for 22 remodeling projects with the value those projects retain at resale in 150 U.S. markets.” You can view the rehab projects by the entire nation, or filter it to specific region, city and zip. In addition to kitchens and bathrooms, replacing exterior doors including garage doors, and replacing siding and windows help increase your return on investment.

View the 2021 Cost vs. Value report here… https://www.remodeling.hw.net/cost-vs-value/2021/

As a real estate investor, what renovations have you found that have increased your ROI?