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Maximizing Home Value: Insights from the 2024 Cost vs. Value Report for Detroit

2024 detroit cost vs value report on a kitchen table with coffee

When it comes to home improvement, not all projects are created equal. Some renovations can significantly boost your home’s resale value, while others might not offer the same return on investment. Understanding which projects provide the best value can help homeowners make informed decisions. This guide explores various remodeling projects, their costs, and the potential value they add to your home, specifically focusing on the Detroit area based on the latest 2024 data from the Cost vs. Value Report.

Key Takeaways from the 2024 Cost vs. Value Report

The 2024 Cost vs. Value Report provides a comprehensive analysis of the costs and resale values of various home improvement projects across the United States, including specific data for the Detroit area. This report is an invaluable resource for homeowners looking to maximize their investment in home renovations.

Top Projects for Return on Investment in Detroit

1. Minor Kitchen Remodel (Midrange)
A minor kitchen remodel involves updating cabinet fronts, hardware, and appliances, which can yield a high ROI.

  • Job Cost: $27,192 (2023 Detroit average)
  • Resale Value: $23,582 (2023 Detroit average)
  • Cost Recouped: 86.7% (2023 Detroit average)

2. Major Kitchen Remodel (Midrange)
For those looking to make more substantial changes, a midrange majo kitchen remodel might be the way to go. This involves updating a 200-square-foot kitchen with semi-custom wood cabinets, a 3×5-foot island, laminate countertops, and a standard double-tub stainless-steel sink. Energy-efficient appliances, custom lighting, and new resilient flooring are also part of this remodel.

  • Job Cost: $83,743 (2023 Detroit average)
  • Resale Value: $36,415 (2023 Detroit average)
  • Cost Recouped: 43.5% (2023 Detroit average)

3. Major Kitchen Remodel (Upscale)
An upscale major kitchen remodel takes things to the next level. This project includes custom white cabinets with built-in sliding shelves, stone countertops with a ceramic- or glass-tile backsplash, and an undermount sink with designer faucets. High-end appliances such as a built-in refrigerator, commercial-grade cooktop, and wall oven are also included.

  • Job Cost: $162,761 (2023 Detroit average)
  • Resale Value: $58,807 (2023 Detroit average)
  • Cost Recouped: 36.1% (2023 Detroit average)

4. Midrange Bathroom Remodel
A midrange bathroom remodel focuses on updating a 5×7-foot bathroom with ceramic tile flooring. It includes replacing the existing tub with a porcelain-on-steel tub, adding a ceramic tile surround, and installing a new single-lever shower control. Standard white fixtures, a solid-surface vanity counter with an integral sink, and a recessed medicine cabinet with lighting complete the remodel.

  • Job Cost: $25,993 (2023 Detroit average)
  • Resale Value: $18,397 (2023 Detroit average)
  • Cost Recouped: 70.8% (2023 Detroit average)

5. Upscale Bathroom Remodel
An upscale bathroom remodel involves expanding a 35-square-foot bathroom to 100 square feet. This project includes installing a large-ceramic-tile floor with in-floor heating, a 42×42-inch neo-angle shower with body-spray fixtures, and a frameless glass enclosure. Additional features include heated towel bars, a free-standing soaker tub with high-end faucets, and a compartmentalized commode area with a one-piece toilet.

  • Job Cost: $80,361 (2023 Detroit average)
  • Resale Value: $31,281 (2023 Detroit average)
  • Cost Recouped: 38.9% (2023 Detroit average)

6. Universal Design Bathroom Remodel
For those looking to make their bathroom more accessible, a universal design bathroom remodel is ideal. This involves updating a 5×7-foot space to be wheelchair-accessible, with features like a zero-threshold shower, a 36-inch-wide door, and flat-panel electrical switches at sitting level. The remodel also includes a comfort-height toilet, a curbless walk-in shower with an adjustable showerhead, and luxury vinyl tile flooring with electric radiant heat.

  • Job Cost: $41,537 (2023 Detroit average)
  • Resale Value: $16,835 (2023 Detroit average)
  • Cost Recouped: 40.5% (2023 Detroit average)

Understanding the Data

The Cost vs. Value Report is an annual publication that compares the average costs of 23 remodeling projects with the value those projects retain at resale in 150 U.S. markets. The data for Detroit shows that exterior improvements generally offer the highest returns on investment. This trend is consistent with national data, where curb appeal projects like garage door replacements and entry door upgrades top the list.

Why These Projects Matter

Investing in home improvement projects can significantly enhance your home’s value and appeal. Whether you’re updating your kitchen, remodeling your bathroom, or adding new features to your home’s exterior, it’s important to choose projects that offer the best return on investment. By focusing on cost-effective renovations, you can enjoy a more beautiful and functional home while also increasing its resale value.

Conclusion

The 2024 Cost vs. Value Report provides valuable insights for homeowners looking to make informed decisions about their home improvement projects. For more detailed information on specific projects and their costs, refer to the comprehensive guide provided in the 2024 Cost vs. Value report.For a deeper dive into the data and to see how your planned projects stack up, visit the full report on the Cost vs. Value website. This resource will help you make the most informed decisions about your home improvement investments.

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The Biggest Expenses in a Bathroom Remodel: Navigating Your Budget

Modern bathroom with large double-sink vanity, light wood cabinets, and light stone countertop. Features include a glass-enclosed shower with rainfall showerhead, white subway tile walls, and light stone floor tiles. Natural light floods in through a window, with wall-mounted lights above the mirror and decorative blue floral towels adding a touch of color

Planning a bathroom remodel can be both exciting and overwhelming. It’s not just about picking the right tiles or fixtures; it’s also about understanding where your money is going and how to manage those costs effectively. Here’s a straightforward look at the biggest expenses you’ll face when remodeling your bathroom, helping you to plan your project with confidence.

Elegant master bathroom remodel in Shelby Township with spacious vanity and modern design

Changing the Layout

One of the most significant costs in a bathroom remodel is changing the layout. This involves more than just aesthetic adjustments; it includes moving plumbing and electrical systems, which can be complex and costly. When you decide to move major components like the shower, sink, or toilet, it requires rerouting plumbing lines and electrical wiring. These changes need to be done by skilled professionals and must comply with local building codes, adding to the labor and material costs.

Sleek Shelby Township bathroom remodel featuring a stylish vanity and walk-in shower.

Labor Costs

Labor typically accounts for a large portion of the budget in a bathroom remodel. Skilled professionals such as plumbers, electricians, and tilers are essential for ensuring that everything in your new bathroom works correctly and safely. The complexity of tasks, from installing delicate tile work to ensuring that all plumbing is leak-proof, requires a high level of expertise, which comes at a cost.

Chic Oakland Township master bathroom with dark vanity and stylish tile flooring.

High-End Finishes and Fixtures

The materials you choose for finishes and fixtures can also have a big impact on your budget. Opting for high-end materials like natural stone tiles or a custom vanity can drive up costs significantly. Similarly, luxury fixtures such as rain showers or high-tech toilets can elevate the cost but also add to the comfort and aesthetic appeal of your bathroom.

Luxurious West Bloomfield master bathroom with gold pendant lighting fixtures.

Cabinetry and Countertops

Custom cabinetry and countertops are other major expenses in a bathroom remodel. The cost can vary widely depending on the materials used and the customization required. High-quality materials like granite or marble for countertops and solid wood for cabinetry are more expensive but can offer durability and a luxurious look.

Sophisticated master suite remodel in Rochester with premium vanity and countertop.

Conclusion

A bathroom remodel is a significant investment, and understanding the major costs involved can help you manage your budget more effectively. Changing the layout, labor costs, high-end finishes, and custom cabinetry are among the biggest expenses. By anticipating these costs, you can create a functional and beautiful bathroom that enhances your home’s value and your daily life. Our team is here to guide you through these decisions, ensuring that your remodel meets your needs and stays within your budget.

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Easy Organizing Tips for Stylish Kitchen & Bath Remodels

Spacious kitchen remodel with double island and plenty of custom cabinet storage for stylish kitchen & bath remodels

A stylish and functional kitchen and bath remodel requires good organization. It simplifies daily tasks and enhances the overall appearance of your home. That’s why we’ve put together this post to share some easy organizing tips for your remodel. By implementing these ideas, you can customize your storage with custom cabinets, open shelves, versatile furniture, and hidden storage. With these practical ideas for organizing your stylish kitchen & bath remodels, you can create a clutter-free space that looks great and simplifies your daily routine.

Double sink bathroom remodel with a tower cabinet for stylish storage in your kitchen & bath project.

Custom Cabinets:

First, custom cabinets give you unique storage. Add pull-out shelves, drawers, and dividers to keep things tidy.

Open Shelves:

Next, open shelves create airy spaces. They’re great for displaying items. However, cleaning them often keeps them tidy.

Vertical Storage:

Additionally, use tall cabinets, floating shelves, and wall racks to save space. This way, storage improves, and rooms feel open.

Versatile Furniture:

Furthermore, choose furniture like a kitchen island or a bathroom vanity with racks. These pieces save space and look stylish.

Hidden Storage:

Also, pick hidden storage like built-in shelves or mirrored cabinets. This helps your space stay clean and minimalist while storing items.

Accessories for Organization:

Finally, to keep your remodels looking neat, use drawer organizers, lazy Susans, and magnetic strips. These accessories store items in a designated spot and reduce clutter. They come in various shapes and sizes to fit different needs. Find them at home improvement stores or online.

Conclusion:

Smart organization makes a remodel look good and work well. By implementing the organizing tips for stylish kitchen & bath remodels we’ve shared in this post, you can customize your storage and create an efficient, clutter-free space that enhances the overall appearance of your home. Give them a try in your next remodeling project!

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Exciting Shelby Township Master Bathroom Remodel – Before & After Photos

We wanted to show some before and after photos of this Shelby Township master bathroom remodel that we recently finished. The scope of work for a master bathroom remodel changes from project to project. Some projects require us to keep the layout and just replace the materials. Others require us to rearrange the entire layout of the bathroom to something that makes more sense to the homeowner. Still others require a hybrid of the above to methods. This project is one of those hybrids.

Before photo showing the vanity area of a master bathroom before we remodeled it.
Grey solid wood vanity with a quartz countertop and dual mirrors right next to a walk in tile shower.
Grey vanity with dual mirrors and two sets of light fixtures along the mirrors in that bathroom remodel.

The clients chose to keep the basic layout of the vanity area and to update all materials. We replaced the vanity, countertop, mirrors, plumbing materials, and light fixtures.

Materials used in this portion of the remodel:

Vanity: Bertch Cabinetry birch vanity with a graphite finish
Countertop: Solid Surface Unlimited Arcadia colored quartz countertop
Faucets: Delta Ashlyn faucets
Light Fixtures: Provided by the homeowners and installed by us
Mirrors: Provided by the homeowners and installed by us
Paint: Sherwin Williams Dorian Gray walls

A before photo showing the bathtub and tub deck in a location where we would later put in a walk in shower.
Walk in tile shower with two niches, a mosaic glass column, and a euro glass shower door in this master bathroom remodel.
A before photo showing the old location of the dated bathtub before we remodeled this bathroom.
Walk in tile shower with mosaic glass column and slide bar in this bathroom remodel from Shelby Township.
Close up of the tile shower bench and niche in this Shelby Township bathroom remodel.
Newly remodeled shower showing a euro glass shower door and a half wall with glass on top.

There was a lot of wasted space in the bathtub area and the homeowners never used the tub anyway. Because of this, we removed the bathtub/tub deck and replaced with a nice and large walk in tile shower with a euro glass door. The homeowners will get much more use out of this area now!

Materials used in this portion of the remodel:

Wall Tile: 12″x24″ Genesis Light Grey in a 1/3 offset pattern
Accent Wall Tile: 12″x12″ Fusion Rock
Shower Floor Tile: 2″x2″ Genesis Light Grey
Grout: #542 Gray Stone
Plumbing Materials: Delta Ashlyn Shower Head, Slide Bar, and Diverter
Shower Door: 3/8″ euro style glass door with Brushed Nickel hardware

A before photo showing the old location of the shower in this bathroom remodel.
The newly remodeled area of the bathroom where the shower was removed.

Finally, the old shower that the homeowners used was narrow and just didn’t give them the space that they needed. We removed the shower from the cubby where it was and converted that space to an area where they could hang up towels and store supplies.

Materials used in this portion of the remodel:

Flooring: 6″x36″ Savannah Pearl tile in a staggered pattern
Grout: #543 Driftwood
Toilet: Kohler Highline/Wellworth comfort height

We hope that you’ve enjoyed these before and after photos of this Shelby Township master bathroom remodel. If you have a kitchen or bathroom project of your own that you’d like to discuss with us, feel free to reach out to us here. We’re happy to discuss your project with you!

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Shelby Township Double Bathroom Remodel – Part 2

Part 2: Her Bathroom

Before

The homeowners wanted to remodel two bathrooms in their home at the same time. One for their son and one for their daughter. They wanted a complete renovation of each bathroom.

We went through our design phase where we came up with a game plan for the construction of the bathrooms. This included crafting the layouts, selecting all materials, picking colors, and making detailed plans.

Construction

We demoed the daughter’s bathroom at the same time that we did the son’s bathroom. We did rough plumbing, electrical, and venting just after that. A new vanity was installed in the same location where were the old one had been removed.

We put in a new quartz countertop with an undermount sink. New tile was installed in the tub area and on the floor of the bathroom. We also installed a new mirror and decorative light fixtures.

After

Everything turned out so good! Gone are the small dated tiles, the pink tub, and the pink countertop. The bathroom now functions much better for their needs and looks so nice! They homeowners are very pleased with their daughter’s new bathroom.

If you have a project of your own that you’d like to discuss with us, you can reach out to us here. We’d be happy to discuss your remodeling project with you!