Get matched with top modular and mobile home remodelers in Ellendale, ND

Redfin reported in 2021 that homes with fireplaces were listed on the market for around 13% more than the national median sale price, but this doesn’t mean that they actually sold for that much. While homebuyer demand reigns supreme, the actual ROI on a fireplace depends on various factors, including size, type, and material.

Increasing home value and return on investment (ROI) are two different things and it’s important to differentiate between the two. While a kitchen remodel will surely raise the value of the house, it may only have an ROI of around 50%. Homeowners looking to raise the value of their home for sale will have to consider how much they will recoup by the monetary investment in projects, as the ROI percentages may be lower or higher than the added value on a dollar-for-dollar basis.

Kitchen remodels are one of the most popular home renovations and for good reason. Many homeowners view the kitchen as the heart of the home and it’s where they welcome and entertain guests. Refreshing a bedroom requires a little paint and perhaps some fresh flooring, but kitchens often require a major renovation to be both functional and modern. From new appliances to updated countertops and backsplashes, or fresh floors and cabinets, there is no shortage of ways to refresh a kitchen to meet your needs and style preferences.

While the terms renovation and remodel are sometimes used interchangeably, there are significant differences. A renovation updates or restores features in a home without making significant structural changes, leaving existing layouts intact. Conversely, a remodel often involves structural changes that dramatically alter layouts, like removing walls to create an open kitchen.