Remodeling your home can be a great way to improve your quality of life, but with the current state of home prices and mortgage rates, many homeowners are turning to remodeling instead of buying a new home. However, this can come with a higher cost, especially with tariffs threatening to increase prices on materials and appliances. According to Contractor Hannah Wells, owner of R.E.P. General Contracting, many homeowners are looking to update their kitchens and bathrooms, with white quartz counters being a particularly popular trend. “They have lighter colors with prominent veining,” she explains, pointing to a brand-new quartz counter in a kitchen she is currently updating. Another trend that Wells is seeing is the use of double wall ovens, which allow for simultaneous cooking of multiple dishes. “You’re able to cook your Thanksgiving turkey and your sides at the same time,” she notes. However, gutting a kitchen down to the walls and starting from scratch can be a costly endeavor. “It can cost anywhere from $40,000 to $100,000, depending on the taste of the client,” Wells says. Tariffs on imported materials and appliances are also contributing to the rising costs. “Appliances and tools that are made outside the country are already starting to see a hit,” Wells notes. Despite these challenges, demand for home renovations remains high, according to Jessica Lautz with the National Association of Realtors. “When we look at remodeling spending, it just seems to be going up,” Lautz says. “Maybe you have to reimagine one room that was used for one purpose, and now that’s changed.”
So, how can homeowners keep their remodeling costs down? Here are some tips from Contractor Hannah Wells:
•
- Buy appliances with cash-back credit cards to offset the cost.
- Consider redoing just your cabinet doors, as this can save thousands of dollars.
- Refacing or repainting your cabinets can also be a cost-effective option.
- Lock in your price with a reputable contractor to avoid future price increases.
These tips can help homeowners save money on their remodeling projects. By being mindful of the potential costs and taking steps to mitigate them, homeowners can enjoy their new and improved space without breaking the bank.
| Category | Tip | Cost Savings |
|---|---|---|
| Appliances | Buy appliances with cash-back credit cards. | 5% cash back on large purchases |
| Cabinets | Redo just your cabinet doors or reface/repaint your cabinets. | $3,000-$6,000 in cost savings |
| Contractor | Lock in your price with a reputable contractor. | Avoid future price increases |
By following these tips and staying informed about the latest trends and costs, homeowners can make the most of their remodeling experience.
Trends to Watch
Some of the hottest trends in remodeling this year include:
•
- White quartz counters with prominent veining.
- Double wall ovens for simultaneous cooking.
- Updated kitchen and bathroom fixtures, including appliances and tools made outside the country.
These trends are not only stylish, but also offer a range of benefits for homeowners, from improved functionality to increased property value.
Conclusion
Remodeling your home can be a great way to improve your quality of life, but it’s essential to be aware of the potential costs and take steps to mitigate them. By following the tips and trends outlined above, homeowners can make the most of their remodeling experience and enjoy their new and improved space without breaking the bank.
“Don’t Waste Your Money” is a registered trademark of Scripps Media, Inc. (“Scripps”).
news is a contributor at KitchenBall. We are committed to providing well-researched, accurate, and valuable content to our readers.
You May Also Like
