If you're considering a home remodel or renovation project, there's probably one question at the top of your list: "What areas will bring me the best return on investment?" The answer is quite simple, your kitchen or bathroom.
The Kitchen
Actress Debi Mazar said it best, ‘The kitchen is the heart of every home. It evokes memories of your family history.’
When designed correctly, a kitchen can elevate the entire look and feel of a home, both in terms of functionality and ambiance. And when it’s not well designed, it can make the whole home feel out-of-date and inefficient. This can be a big concern if you’re thinking of selling. Because most time is spent there and plays such a significant role in the day-to-day happenings within your home, many owners look to the kitchen first when thinking about renovations or remodeling.
Almost every realtor in Dubai will tell you that kitchens will sell a home, but it is important first to decide if a few updates are sufficient or should you opt for a complete overhaul. For example, a kitchen remodel can consist of choosing new countertops and backsplashes, installing new flooring, and selecting some new wall colours. The costs for these types of upgrades are usually quite reasonable.
On the other hand, kitchen renovations usually mean the entire existing kitchen is returned to shell-and-core. Everything is removed from floor to ceiling, sometimes even the plumbing, and replaced. Homeowners who opt for a complete, luxury kitchen renovation will see up to 90% of the renovation costs added back onto their home value. Of course, this depends on where you live in Dubai, your renovation project’s scope, and when you decide to sell. One thing for sure, savvy buyers will always choose a home with a renovated or remodeled kitchen over one whose kitchen requires updating.
The Bathroom
These days, nothing says luxury like a streamlined, spa-like bathroom. Whether you’re thinking of making a few minor updates or going for a complete overhaul of your existing space, a bathroom remodel, or renovation will make a big difference to the feel and value of your home.
When it comes to measuring your bathroom remodel or renovation value, we usually think of dirhams, but what about the pleasure that a homeowner will get from having a more functional and aesthetically pleasing space? Although any upgrades will increase your home’s selling price, there may be more to be gained from the ‘joy’ factor, and regardless of the extent of the upgrade, you won’t regret it!
Whichever room you choose, no kitchen or bathroom renovation or remodel is painless. With this in mind, planning should be started months in advance, so there’s time to find the right contractor and to discuss your needs and wants. Advance planning is key to mitigating the stress that comes with any construction project, especially one taking place in two of the most vital areas of your home.
If you have a plan, start early and work with good people, you can save thousands of dirhams and immeasurable anxiety. In the end, you’ll not only have a beautiful kitchen or bathroom to enjoy, but you will also add significantly to your home’s value.
