How bath and kitchen refinishing can improve your home

Homeownership is a long, rewarding, and often challenging journey. One of the most impactful ways to enhance your home's value is through thoughtful improvements. While options like landscaping, additions, or interior painting can add value, none compare to the return you get from kitchen and bathroom refinishing.

Kitchen and bathroom renovations have consistently been top choices for homeowners looking to boost their property’s appeal. According to recent studies, many people choose these projects because they’re dissatisfied with their current space or because they’ve finally saved enough to make it happen. However, budgeting for such projects can be daunting, as they often come with high costs—whether you're doing a full-scale renovation or just a few key updates. Let's take a closer look at how a kitchen overhaul might affect your finances.

The Cost of Kitchen Refinishing

A 2018 report on home values indicated that the average cost to renovate a 200-square-foot kitchen with basic features—like wood cabinets, an island, standard sink, and fixtures—can reach around $64,000 if you include new appliances, lighting, and flooring. Of course, this number can vary significantly depending on your choices. If you're set on high-end materials like granite countertops, custom cabinetry, or commercial-grade appliances, you could easily spend over $100,000.

On the other hand, updating existing cabinets, replacing countertops, and installing new flooring can cost as little as $20,000. The final price will depend on your vision and priorities. To ensure success, it's crucial to create a realistic budget. Here are some helpful tips:

• Allocate a large portion of your budget to long-lasting items like cabinets and appliances. These are the elements you won’t want to replace frequently, so investing in quality makes sense.
• Don’t go overboard with luxury upgrades. While it may be tempting to install the latest trends, not all expensive features will pay off when you sell. Aim for a balanced approach that combines style with practicality.
• Always set aside a contingency fund. Unforeseen expenses are common in any renovation, and it’s better to be prepared than caught off guard.

How Kitchen and Bath Renovations Affect Home Value

A well-executed kitchen or bathroom renovation can dramatically increase your home’s market value. Buyers are naturally drawn to updated spaces, especially kitchens, which are often considered the heart of the home. Modern fixtures, new cabinetry, smart appliances, and fresh flooring can make your home stand out in a competitive market.

In fact, 80% of homebuyers rank the kitchen as the most important room in a house. When done right, a kitchen or bath renovation can provide a return on investment between 54% and 93%, depending on your location.

If you're looking for inspiration or professional help with your next kitchen or bathroom project, contact the experts at Maryland Tub & Tile. Call (877) 717-TUBS (8827) or visit marylandtubntile.com to learn more about our services.