Regarding home improvement, kitchens are often the first to be considered. They can make or break your home’s resale value and help you get a better return on your investment.
However, not all renovations are created equal. Luckily, several upgrades will increase your home’s value without requiring significant work to get the look you want.
Boosts Home Value
Whether you plan to sell your home or make your current space more functional, a kitchen remodel can help you maximize your investment. Not only does it improve your living space, but it also gives your home a much-needed boost in value.
Depending on the size of your remodel, you can recoup up to 80% of your costs. That’s according to Remodeling Magazine’s 2021 Cost vs. Value Report, which analyzed kitchen remodeling costs for minor and major remodels.
If you’re looking to increase your home’s value, there are several things you should consider before deciding on a remodel project. First, it’s essential to think about your budget.
Then, choosing projects that will help your home stand out from the competition in your area is crucial. Finally, it’s essential to remember that you should only invest in projects with the highest ROI potential.
Increases Functionality
A remodeled kitchen makes cooking more accessible, fun, and efficient. It is also safer since the appliances are replaced with energy-efficient ones.
Remodeling your kitchen is one of the most cost-effective investments you can make to improve the look and functionality of your home. It can increase the value of your property and help you sell your home faster.
A new kitchen can give you more space to work and live comfortably if you’re a busy family. It will also provide more sitting room and storage, making your kitchen where you and your family enjoy spending time.
Increases the Value of Your Home
A well-planned kitchen remodeling project can add value to your home. It can also help your home stand out among other listings in your area, boosting the potential to sell quickly and for top dollar.
A renovation can also make your kitchen more accessible for people with disabilities or older adults. For example, lowering cabinets, installing knee space under sinks and workspaces, and leaving adequate clearance for wheelchairs or walkers can make it easier for people to use the kitchen, and cabinet builders might help you with that.
If you’re considering a kitchen remodel, it’s essential to consider your overall goals and budget. This will determine whether a rip-and-replace or a revised layout suits you.
Regardless of your reason for a remodel, remember that not all renovations will add resale value to your home. The average homeowner’s major remodel only recoups about 55% of the costs.
Makes Your Home More Affordable
Whether you plan to sell your home or want a new kitchen, remodeling can be more affordable than you think. By reducing your energy consumption, upgrading your appliances, and making your kitchen more environmentally friendly, you can save money while increasing the value of your home.
Replacing deteriorating materials, like cabinets, countertops, sinks, and faucets can also be cost-effective. You can find a lot of products online or at discount stores.
Another way to cut costs is to hire a general contractor to manage the project. These professionals are experienced in all aspects of home remodeling and can help you plan and execute the job to meet your specifications.
Central kitchen remodels typically require plumbing and electrical work, such as relocating your water supply, changing drain lines, or installing new piping. Generally, these projects are more expensive than smaller projects. They can also take longer to complete because they involve more demolition.