Home sales in the Orlando area are on an upward trajectory of 8.9% (according to the Orlando Regional Realtor Association) — if you’re thinking about selling your home in the future, now is the perfect time to add value to the home sale with a full Orlando kitchen and bath remodel!
You might be thinking about giving your home a few upgrades, especially since the Orlando home market is very competitive and you want your home to stand out.
However, according to the national real estate brokerage Redfin, doing a full remodel of your kitchen or bathroom is better than just doing a few upgrades.
Choosing to do a full remodel of your kitchen or bathroom is a win-win situation: (1) you’ll create a clean, fresh, newly styled interior space with aesthetic appeal that you’ll personally be able to enjoy; (2) when it comes time to sell your home, you’ll find that the value and ROI of a full remodel is far greater than that of a simple upgrade.
Check it out:
The local property market is hot — a full Orlando kitchen and bath remodel will make your ROI even hotter
Orlando home values have gone up by 18.5% over the last 12 months alone.
And the Zillow Buyer-Seller Index (BSI) considers Orlando a hot seller’s real estate market!
Data also shows that Orlando real estate appreciated 118.90% over the last 10 years. Its annual appreciation rate has been averaging at 8.15% — more than the national average.
This figure puts Orlando in the top 10% nationally for real estate appreciation. During the last twelve months, the Orlando appreciation rate was nearly 9.54%, and in the latest quarter, the appreciation rate was nearly 3.17%, which annualizes to a rate of 13.28%.
So, what does this have to do with doing a full Orlando kitchen and bath remodel?
Well, since appreciation rates are rising, imagine how your home value and ROI will skyrocket if you add in a full remodel.
Check out the following value expected increase rates:
- Adding a full bathroom will see an average resale value increase of 5.7%
- Adding a full kitchen remodel will see an average resale value increase of 4.8%
- Adding a full bathroom remodel will see an average resale value increase of 3.7 – 5.7%
- Adding a half bathroom will see an average resale value increase of 2.9 %
It is important to remember, however, that the amount and value added to your home’s value depend on your home’s location, size of the project, quality of the project and materials used, and the current value of the property.
It’s good to note as well that your ROI on your full Orlando kitchen and bath remodel also depends on the condition of your home and the price point you’ll be selling at.
Nevertheless, despite the different factors contributing to fluctuating home values, you can be certain that a full remodel will guarantee you an increase in value.
And we specialize in quick, affordable kitchen and bath remodels. Contact us today for a free estimate for your remodeling project!
Get the Highest Recovery Rate with A Full Orlando Kitchen and Bath Remodel
If you’re still hesitant about committing to a full remodel, or aren’t sure if you want to take the step of getting in touch with an Orlando contractor, check out this stat!
A full Orlando kitchen and bath remodel has a high recovery rate of 75%.
This means that you, the homeowner, will not only enjoy the output of a beautiful, trendy bathroom or kitchen that boasts fresh new tiles and fixtures (and a style so amazing that the neighbors will be talking about it for years!) but you’ll make your money back in no time.
According to a recent article published in Remodeling Magazine, a minor kitchen remodel actually recoups 81% of its cost in added value on average when compared to only 53% for an upscale kitchen remodel with stone countertops, custom cabinets and commercial-grade appliances.
Need more reasons to opt for a full Orlando Kitchen and Bath remodel?
Here’s a few more!
NerdWallet notes the ROI of a “The same is true for bathrooms; a midrange remodel — new flooring and a few updated fixtures — delivers a 70% return on investment, while an upscale bathroom remodel — heated flooring, custom cabinets, and designer fixtures — sees 56% on average.”
Furthermore, choosing a professional remodeling company that specializes in full kitchen and bath remodels will also take added strain off of your finances during (and after!) your remodeling project.
Also, opting for an Orlando contractor who makes the most of your budget to complete the remodel in the best time possible, at the best hourly rate, will see less input for the maximum output.
If you’re looking for an experienced remodeling company that specializes in remodels and will make the most of your budget, you’ve come to the right place — here at Magnet Remodeling, we maximize your budget and deliver beautiful results.
Reach out to us for a free estimate for your remodeling project!
A Different Kind of ROI: Experience More Joy in Your Spaces!
We’ve talked about the financial ROI you’ll enjoy after completing a full kitchen and bath remodel — but there’s a different kind of ROI worth noting.
Besides experiencing financial gain, you’ll be able to experience an ROI in your happiness. Imagine finally getting to live in the spaces of your dreams!
Too many homeowners wait to do major renovations when they list their home for sale — and they often regret not doing it sooner. You don’t want to just do upgrades for the new owners.
According to Homelight, “After a complete kitchen remodel, 90% of homeowners reported they wanted to be in their homes more.” And how important is creating environments that support our own happiness, right? The joy you get from spending time with family and friends in spaces you actually enjoy is invaluable.
Get In Touch With Us for a A Full Orlando Kitchen And Bath Remodel That Will Boost Your ROI
If you’re a homeowner or property owner in the Orlando area searching for an Orlando remodeling company, consider our professional team at Magnet Remodeling.
We’ve been serving the Central Florida area for 15 years and we’re consistently 5-star rated by our loyal customers. Check out our testimonials!
We love bringing more joy to our clients’ lives — let’s make you one of them. Get in touch with us today to get your free consultation!