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Renovation Resolutions? Bathrooms and Kitchens Top the List

November 24, 2022

What would the new year be without resolutions?

Now that 2022 has arrived, creating a more functional and inviting home is at the top of the resolution list for many homeowners. This comes as no surprise given that the home continues to play a central role in our lives amid the ongoing pandemic.

 

Most homeowners will consider doing a home improvement project this year

According to recent research from Zillow, 72% of homeowners will consider at least one home improvement project this year. Through its partnership with Realm, a centralized source of home data and insights, Zillow is projecting the renovations that homeowners are most likely to make in 2022, and which ones will add the most value when it comes time to sell. At the top of the list: bathroom remodels.

Zillow found that more than half of homeowners surveyed would consider a bathroom renovation this year. Buyers are also willing to pay a premium for spa-inspired bathroom features, such as "curbless" showers, heated floors and free-standing bathtubs.

Kitchen remodels are also widely popular, with 46% of respondents considering that project in 2022. Luxury kitchen amenities were must-haves over the past year, and that will likely continue as people spend more time cooking and eating at home.

While kitchen and bathroom renovations are among the top five planned projects in all cities across the U.S., other projects are topping the list in certain cities:

  • Landscaping (97.1% of cities)
  • First floor addition (51.4% of cities)
  • Deck (34.3% of cities)
  • Backyard home (17.1% of cities)
  • Exterior and interior painting (both at 17.1% of cities)
  • Pool (11.4% of cities)

 

Choose what project to prioritize

When tackling these projects, think long term. Prioritize those that will yield a strong return on investment when it comes time to sell. Data from Realm finds that the projects with the highest ROI potential are usually low-cost ways to add living space, like conversions or additions in which the original structure isn't impacted. Building a backyard cottage, finishing a basement, converting a garage, finishing an attic and remodeling a kitchen are projects that have the highest return on investment potential.

Creating more liveable space is a consideration for many homeowners, Zillow survey data shows. Projects that are highest on their wish lists for 2022 include adding or improving an office space (31%), finishing a basement or attic (23%) and adding an accessory dwelling unit or guest house (21%).

 

Contact Bill Cullin when you’re ready to sell your home!

__________________

Bill Cullin
Your Real Estate Source at the Delaware Beaches

Call or Text: (302) 841-7147
Toll Free: (800) GO-BEACH, Ext 117
Email: Bill.Cullin@LNF.com

Websites:
DelawareBeachRE.com
BeachDelaware.com
TheHenlopen.com

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ACCREDITATIONS & AWARDS:

  • 2020-2021 Top Producing Individual Agent in Delaware for Long & Foster 
  • Top Producing Realtor at the Long & Foster Rehoboth Beach Sales Office, for 16 Consecutive Years 
  • Top Selling Realtor at The Henlopen Condominiums, Exceeding the Volume of Any Teams in Delaware
  • Five Star Professional Award-Winning Sales Agent for 9 consecutive years 
  • 2020-2021 Member of Long & Foster’s Gold Team Master Club Level, with sales volume over 30 million dollars
  • Homesnap Top 5% Award based on data from 2021 for over 1 million Homesnap Pro agents nationwide
  • Zillow.com 5 Star Professional for 12 Consecutive years with Best of Zillow designation awarded in 2019

Long and Foster Real Estate
37156 Rehoboth Avenue Ext, Suite 5
Rehoboth Beach, Delaware 19971
Office: 302-227-2541, Ext 117

 

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