One common questions posed by homeowners is if a kitchen remodel really adds value to their home and, if so, how much value! Knowing the value added by a new kitchen design and plan can help homeowners decide their budget and if a new kitchen is worth their time and money investment.
Homeowners can typically expect to see a 50% to 80% return on their new kitchen investment in terms of increased property values. A homeowner might see a higher rate of return if they invest in quality materials and surfaces as well as energy-efficient, name brand appliances. Choosing unusual finishes and colors, low-quality materials and appliances, and overlooking needed repairs and design flaws in the current space can lower your rate of return.
Since a kitchen remodel is typically a significant investment of both time and money, and there is no guarantee that you’ll recoup your costs in terms of increased property values, you might consider some added details about kitchen designs options most likely to add value to your home. It’s also helpful to consider what might lower that rate of return and other such mistakes to avoid.
You can then discuss your budget, options, and other concerns with a real estate agent or property appraiser as well as a kitchen renovation contractor, as needed. In the end, you’ll end up with a kitchen you love and that adds as much value to your home as possible.
Homeowners today have far more options for kitchen remodeling plans and features than ever before! Even high-end materials and chef-inspired appliances are typically priced well within the average kitchen renovation budget, and a skilled designer can create a space that’s both fabulous and functional! To ensure you get the most value out of your kitchen renovation, however, note a few details and features to keep in mind.
While there are many details to include if you’re looking to add value to your home with a kitchen remodel, there are also some mistakes to avoid along the way! Adding certain features or overlooking important details can mean detracting from potential value during your home’s kitchen remodel. Consider a few of these points and discuss them with a kitchen renovation contractor or real estate agent as needed before work begins.
If you want to improve or at least hold onto your home’s values, it’s vital that you avoid putting off a needed kitchen remodel! Typically this means a full-scale renovation every five to seven years, or when you notice your kitchen looking a bit dated and dull, and when surfaces start to show excess wear and tear.
Beyond worrying about adding or retaining value, it’s also vital to consider a kitchen remodel if the current space doesn’t work for you, or might not function as needed in the near future. As an example, if you’re nearing retirement age or have already reached a particular age, you might consider adding safety features and easier access in the kitchen. This might include textured floor tile for added traction and lots of additional lighting; programmable appliances also ensure you never forget to turn on the oven or dishwasher when needed!
A homeowner might also consider a kitchen remodel if the current space is not quite functional for your immediate needs. For instance, if the kids are now out of the house, you might want to remove a built-in bench or some cabinetry and create a cozy coffee nook, with room for a comfortable chair or two and a TV on the wall! If your family is growing and the kitchen seems cramped and crowded, a kitchen renovation contractor might remove a wall, scale down the center island, or otherwise create a more workable space in the kitchen.
Note, too, that overly worn countertops and floors might hold germs, bacteria, dirt, and other such harmful debris. If you notice lots of scratches and worn areas on your home’s kitchen floors and counters or along the cabinetry, it’s time for a kitchen remodel! Updated, solid surfaces provide a more hygienic space for food prep and cooking as well as safer surfaces underfoot.
One last note about a kitchen remodel; keep in mind that the kitchen is probably the one room in the home used by everyone in the family, every single day. While some people enjoy cooking, it can also be a tedious chore to many. Those are some very good reasons to invest in a kitchen remodel simply because the current space is outdated and downright dull!
A new kitchen space, with an updated design scheme and colors you love, along with appliances designed to make cooking and cleanup easier, can mean a welcoming space you love. Added room can also ensure there are no excuses for lacking help in the kitchen, and easy-to-clean surfaces also mean no excuses for not helping to clean up!
If your home’s kitchen is anything less than stunning and a welcoming space you love to use, it’s time for a kitchen remodel or at least a “facelift.” You should enjoy every room in your home, including the kitchen, as should everyone in the family, so schedule a renovation as soon as you notice the current space is dull, dim, and downright unattractive.
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