WACO, Texas - (November 2006) Wondering how to build a home’s resale value? Look no further than a kitchen or bath remodel for the best way to provide a considerable return on investment.
The experts at DreamMaker Bath & Kitchen by Worldwide®, a national kitchen and bath remodeling franchise, offer homeowners a full range of remodeling services with the potential enhancement of resale value in mind.
“Embarking on remodeling projects is the ultimate solution for increasing value,” said Doug Dwyer, owner and president of DreamMaker Bath & Kitchen. “Weunderstand this and strive to provide homeowners with many options to maximize both a home’s resale value and appearance.”
According to Remodeling’s 2005 Cost vs. Value Report, mid-range and upscale kitchen and bathroom projects, bathroom additions and major kitchen remodels ranked in the top 16 on a national average of cost recoups (job cost vs. resale value). Cost recoups ranged from 102.2 percent for a mid-range bath to 84.8 percent for an upscale major kitchen remodel. (*A resale value that is more than 100 percent of its original cost occurs in markets where property values are rising very rapidly).
The National Association of Realtors survey showed consistent results with Remodeling’s Cost vs. Value Report, placing bath and kitchen remodels at the top of the list for cost recoups. The survey found that both bathroom and kitchen remodels earn most of their costs in sale price. In addition to a home’s value, remodeling projects can also increase the rate at which homes sell on the market.
According to Remodeling’s Web site, www.remodelingonline.com,”not adding the bath could cause the home to sit on the market for much longer than is normal and to eventually sell for less than similar homes in the area.”
“When resale value is a major factor in a homeowner’s decision to remodel, the best course of action is to consult with a local remodeler about cost, and ask an experienced realtor about home prices in the neighborhood.” (Remodeling, November 2005).
About DreamMaker Bath & Kitchen:
Based in Waco, Texas, DreamMaker Bath & Kitchen has approximately 110 independently owned and operated franchises nationwide. Honored as the National Remodeler of the Year by Professional Remodeler magazine, the company is also a national member of the National Kitchen and Bath Association, the National Association of the Remodeling Industry, the Remodelers Council of the National Association of Home Builders and the International Franchising Association.
For more information, please call DreamMaker Bath & Kitchen at 800-583-9099, or visit www.dreammaker-remodel.com.