Published at Tuesday, April 02nd, 2019 - 01:43:47 AM. Home Decoration. By Augustine Fischer.
Decide to switch out or credit. Sellers—understandably—want to limit the amount of money they spend on toning down an ultra-personalized kitchen before selling. There are some affordable options for expanding the buyer pool, though of course, this is highly subjective based on the clients budget and homes listing price. Big Chill Appliances, which is becoming well known for its 200 color options, charges $525 for a new panel on its $1,995 dishwashers. Homeowners looking to make a splash but also resell in the near future might want to consider appliances that offer this kind of flexibility. New countertops and backsplashes can be pricier—sometimes several thousand dollars, depending on the material and installation charges. Repainting cabinet fronts runs a wide range, depending on what the color was and will be, the finish selected, number of cabinets, and who does the work. Contractors at George Apap Painting Inc. quoted $5,000 to remove fronts and spray paint them in its factory for a small kitchen in upstate New York. Sellers willing to repaint themselves can save a lot on materials and achieve great results if they take the time to prime and paint properly. Switches like simpler hardware or faucets may be easier and less costly—a few hundred dollars, says Peter Albanese, vice president of Bellari Design in Branchburg, N.J. Designer Erica Islas of EMI Interior Design in Los Angeles suggests offering a credit to buyers in the negotiation process, so they can make their own choices. “Interior design shouldnt be a quick fix to sell, but a very personal, thought-out process,” she says. Biggs agrees. “The seller will never get their money back on most big changes. The truth is the next person probably will renovate and blow off the back of the house anyway,” she says.
Why its happening: According to a 2018 Houzz Bathroom Trends Study, baby boomers now account for the largest share of home owners choosing to renovate—and their top project is redoing the master bathroom. “A significant proportion of boomers (56 percent) are aware of the needs that arise aging in place,” says Nino Sitchinava, Houzz economist. “They are proactive about integrating accessibility features that address these needs during renovations.” Popular changes include removing tubs that are difficult to climb into and out of, adding accessible shower seats and grab bars, and installing zero-threshold entries between rooms. How you can take action: Knowing the costs will help you serve as a trusted adviser to buyers. The median cost for a large master bathroom renovation was estimated at $16,000 by Houzz. If thats too much, suggest piecemeal changes. Grab bars, for example, range between $140 and $300, depending on whether the wall includes blocking support or if it must be added, says Richard Duncan, a universal design expert and co-founder of the Better Living Design Institute in Asheville, N.C.
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