Thinking about remodeling your kitchen or bathroom? For homeowners in Joplin, MO, these updates are more than just a way to refresh your living space; they’re a proven strategy for boosting your home’s value and building equity. At Solid Remodels and Restorations, we know that smart renovations can pay off in comfort and resale value. Let’s explore how much a kitchen or bath remodel can increase your home’s worth.
How Much Does a Kitchen Remodel Increase Home Value?
The kitchen is often called the heart of the home, and for good reason. It’s where families gather, meals are made, and memories are created. But it’s also one of the first rooms buyers notice when shopping for a new home. So, how much does a kitchen remodel increase home value?
Minor Kitchen Remodels
According to recent data, a minor kitchen remodel (think new cabinet fronts, countertops, and appliances) can recoup up to 96.1% of its cost, adding an average of $26,406 to your home’s value. Even smaller updates can yield impressive returns, with national averages showing a return on investment (ROI) of 71.2% for minor projects.
Major Kitchen Remodels
Larger, upscale remodels add more value in dollar terms, up to $60,176, but tend to recoup a smaller percentage of their cost. Depending on the scale and finishes you choose, ROIs range from 38% to 56.1%.
Local Market Impact
In Missouri and the surrounding regions, kitchen remodels remain among the top projects for maximizing resale value, especially when compared to other home renovations.
Bottom Line: A well-planned kitchen remodel is one of the best ways to increase your home’s equity, with minor upgrades often providing the highest percentage return on investment.
Does Remodeling a Bathroom Increase Home Value?
Bathrooms are another high-impact area when it comes to home value. Whether you’re updating a tired guest bath or transforming your master suite, bathroom remodels consistently deliver strong returns.
ROI for Bathroom Remodels
On average, homeowners recoup about 71% of their investment in a bathroom remodel. Even minor cosmetic changes, like new paint, fixtures, or hardware, can add $1.71 in home value for every $1 spent.
Adding a Bathroom
If you’re considering adding a new bathroom, the value boost can be even greater. A full bath addition may increase your home’s value by up to 20%, while a half bath can add another 10%.
Regional Considerations
In the Midwest, including Missouri, bathroom remodels typically recoup around 59% of their cost, but the real benefit often comes from making your home more appealing to buyers and appraisers.
Order Remodeling Materials for Your Next Project
When it’s time to start your kitchen or bathroom remodel, Solid Remodels and Restorations in Joplin is your go-to destination. As a locally owned and operated contractor, we source various quality products ranging from vanities to luxury showers. Our friendly, knowledgeable staff is committed to helping you find exactly what you need to bring your remodeling vision to life. With competitive pricing and a focus on customer service, Solid Remodels and Restorations makes every project easier, so you can plan with confidence, from start to finish. Contact us today!