The Home Renovations That Make the Most Sense in 2022
The pandemic changed many things in life, including what people value in a home. Homeowners have increasingly been working from home and educating their children at home. They've also been hosting small gatherings in lieu of going out, and turning their houses into personal retreats.
With all these varied uses comes a shift in the amenities people are looking for in a home. If you want to maintain—or possibly add to—your home's value while improving it to enjoy it to its fullest, explore these tips for the most sensible home renovations you can make for 2022.
Make the Kitchen a True Gathering Space
If you enjoy having people over, chances are your guests gather in the kitchen—when they're not seated in the living room to watch a big game on TV, that is. One of the newest kitchen trends involves renovations to accommodate guests. Big islands that can seat at least four people have been trending for several years now, and even more on-trend is the addition of a second island that can seat up to six people.1
With two kitchen islands, you can use one for food prep and the other for seating, gathering, and entertaining. When guests aren't over, you and your family can use the additional island for work, schoolwork, eating meals, creating art, and wrapping presents.
If a second island isn't appealing, consider making the kitchen comfortable and fun by adding accouterments usually reserved for the living room, such as an entertainment center with a TV and/or a sound system, a plush sofa or swivel chairs, a wet-bar, a wine cooler, or a beer keg.
A minor- to mid-range kitchen remodel in the South Atlantic region (which encompasses Georgia, Florida, and South Carolina) should cost around $25,000, adding almost $18,000 to the home's resale value. That represents almost 70% of costs recouped.2 A major upscale kitchen remodel should cost somewhere around $145,000, adding just over $76,000 to the home's resale value, which represents just over 52% of costs recouped.
In the East South Central region (which encompasses Alabama and Tennessee), a minor- to mid-range kitchen remodel should cost you around $24,000, adding over $17,000 to the home's resale value.3 This represents just over 71% of costs recouped. A major upscale kitchen remodel should cost just over $141,000, adding almost $75,000 to the home's resale value, which represents just over 53% of costs recouped.
For cost comparisons, minor- to mid-range kitchen renovations generally include new cabinets, drawer fronts, appliances, countertops, sink and faucet, flooring, and paint. A major upscale renovation encompasses brand-new cabinets, built-in shelving, high-end materials for counters and backsplash, built-in appliances, and other luxury features.
Before starting an upgrade or renovation, find out which home improvements make the most sense in today's environment.
Personalize Your Outdoor Space
Do you know what people like better than gathering in the kitchen? Gathering in an outdoor kitchen, weather permitting. The relatively mild climate in the South Atlantic and East South Central regions are ideal for creating a backyard oasis. An outdoor kitchen with a water source, grill, and maybe even a pizza oven create a fantastic space that you, your family, and guests can enjoy practically year-round.
Other features to improve and best utilize your outdoor area include adding a fireplace or fire pit, and putting in raised beds to grow a vegetable, herb, or flower garden. You can make the most of your renovated yard by outfitting your new space with items such as an outdoor dining table, outdoor lighting, a set of lawn chairs to view a movie screen, and an outdoor heater.
The cost for an outdoor kitchen depends on the job.4 A basic outdoor kitchen costs between $2,000 and $10,000, and a luxury outdoor kitchen could cost between $50,000 and $100,000. The difference between the two is in materials used for flooring, counters, type of appliances, types of products chosen, and job scope.
Nationally, if you spend about $14,000 on an outdoor kitchen, you should recoup about 71% of your costs.5 If you spend over $50,000, you should recoup about 55% of your costs.
Trick Out a Mudroom
The mudroom, a feature traditionally found in northern locales because of the often-inclement weather, is trending in 2022 for all homes, whether the homes have an existing mudroom or not. Having a dedicated space for necessary items that tend to clutter a home makes a home look more organized. It's a place for items such as backpacks, shoes, jackets, mail, keys, hats, gloves, and pet accessories.
If you don't already have a mudroom, you can turn existing space into one. Ideal places are near the entrance or exit to your home, such as near or in the garage, next to the front or side door, or near the laundry area. You can also convert a closet to a mudroom or add a mudroom to the basement.
If you don't have the space to convert an area to a mudroom, you could add a mudroom as an exterior addition to the home.
Coveted mudroom features include:
- A cubbyhole-type of storage space.
- Durable flooring such as luxury vinyl tile, engineered hardwood, tile, cork, slate, or brick.
- A seating area such as a bench with storage underneath for shoes.
- A pet-washing station.
Nationally, mudrooms cost between $8,000 and $16,000. Building an addition to the home should cost around $30,000.6 While there is no data on how much value a mudroom will add to your home, it can't hurt when the time comes to sell. Potential buyers notice functional details that make a home more livable, so it will likely help your home show better when the time comes.
Creating a Home Office or Flex Room
Both home offices and flex rooms are trending; if you have the space, you can create two rooms. Otherwise, you can combine the two. Dedicating a work-from-home area includes a functional space where you can be as (or more) efficient than you could be at the office. Choosing a quiet area of the home is ideal. Equip your home office with everything you need to get your job done and design it with enough storage to keep it organized.
Flex rooms allow rooms to change based on how you intend to use them. For example, you could create a yoga studio that you can easily transform into a children's playroom or an adult game room.
The cost of creating a home office or a flex room, assuming you aren't building an addition to the home, depends on furnishings. To furnish a home office, for instance, it could cost between $8,000 and $15,000.7
By deciding how you want to live in your home and understanding the costs involved, you can make informed decisions on whether you want to improve your home and, if so, what those improvements might entail.
Important disclosure information
This content is general in nature and does not constitute legal, tax, accounting, financial or investment advice. You are encouraged to consult with competent legal, tax, accounting, financial or investment professionals based on your specific circumstances. We do not make any warranties as to accuracy or completeness of this information, do not endorse any third-party companies, products, or services described here, and take no liability for your use of this information.
- Allison Duncan, "Kitchen Islands—Does Anyone Really Need Two? WeAsked Interior Designers," The Wall Street Journal, published October 19, 2021, accessed December 9, 2021. Back
- remodeling, "2021 Cost vs Value Report: Regional Data - SouthAtlantic," accessed December 9, 2021. Back
- remodeling, "2021 Cost vs Value Report: Regional Data - East SouthCentral," accessed December 9, 2021. Back
- Maureen Gilmer, "Outdoor Kitchen Cost," LandscapingNetwork, accessed December 9, 2021. Back
- Anna Cottrell, "How much does an outdoor kitchen add to home value? You'll be surprised," published April 7, 2021, accessed December 9, 2021. Back
- HomeAdvisor, "How Much Does A Mudroom Addition Cost?" accessed December 9, 2021. Back
- Circle Furniture, "How Much Does it Cost to Furnish a Home Office?" published January 2019, accessed December 9, 2021. Back
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