If you ask any expert in real estate, the Number 1 home improvement upgrade is with the greatest return, they will always reference the kitchen.
For most households, the kitchen is the center of the home’s hub of activity. Remodelling your kitchen can be a major undertaking, but experts say that remodeling your kitchen is completely worth it when striving to add value to your home.
In the fastest growing housing markets, capering for a new kitchen is a sure-fire investment and often returns more than 100% of the cost. Kitchens are an area in a house where you can tell if money has been well spent. They’re the most expensive construction areas of a home, but it’s where people spend the most time.
An average minor kitchen remodels can cost anywhere from $15,000 -$18,000. In areas like Miami, New Orleans, and San Diego, kitchen investments have netted up to $27,000 on the resale.
So how do you know that it may be time for you to upgrade?
Value – For those wanting to increase the value of your home, this is the single best investment you can make. An attractive kitchen is appealing to prospective homebuyers.
Deterioration – If you notice peeling countertops, cracked tiles and cabinet doors, or out-dated appliances, your kitchen has simply outlived its usefulness and needs a remodel.
Energy Savings – Creating efficiency in your kitchen might motivate you to upgrade. Things like energy-efficient appliances, skylights, and solar water heaters cut utility bills and reduce stress on the environment.
Out-dated – Your kitchen might have a great use of space, but its just a bit out-dated. If you notice your kitchen is looking a little retro, it may be time for a transformation into the 21st century.
Lifestyle – Your kitchen’s layout may have worked for the previous homeowner, but just doesn’t work for you. If a lack of updated appliances or lack of a breakfast bar has you dreaming of a remodel, it may be a time to upgrade.
The decision for a remodel is a combination of various wants and needs. Some homeowners simply want a chance, or the decision may be backed by financial incentives. Whatever your desires may be, there’s no denying the home kitchen remodel is an important aspect of adding appeal and value to your home.