Perhaps you've been feeling the need for more space, less space, or just different space. You've been wondering--which solution will give me what I want with the least financial hit? Here's one gauge to use: Expect moving to cost about 10 percent of your home's current value. If your remodel project can be done for less than that, stay and do it. But plan it with an eye on the potential resale value. Read on for ideas and tips that will help you take the lead in plotting your home remodel.
WHAT TO REMODEL:
When you're ready to nail down your plans (so to speak), here are suggestions from industry experts:
Kitchen
Add usability with dual sinks and cooking stations. Add aesthetics with commercial-quality, stainless steel appliances, stone or stainless steel countertops and ceramic tile back splashes. Add space with breakfast nook or walk-in pantry. Add livability with computer desk, mudroom, or hobby area.
Bathroom
Add light with skylights and glass blocks without losing privacy. Add space with walk-in dual shower, vaulted ceiling, recessed medicine cabinet, or a curved shower curtain rod. Add functionality with twin sinks or vanities. Add aesthetics with ceramic tile or stone flooding, stone countertops, heated towel bars and floors.
Siding
Remodeling the exterior is as much about maintenance as it is about curb appeal. Vinyl siding looks fresh and tidy year after year with minimal upkeep. With stucco siding, a new polymer covering can be sprayed or troweled onto a fiberglass mesh base.
Windows
New windows will help you realize additional savings in monthly utility bills. Prospective buyers view windows as they do other structural items, so failing to update old ones may affect potential offers. Newer styles include seamless bent-glass corner windows, curved glass, and casements with no center stile.
According to Realtor Magazine Online, since 2002 four remodeling projects--kitchen, bathroom, siding and windows--have had the biggest return on investment at resale nationally. Here are the 2005 national average cost and resale figures.