Remodeling Your Kitchen Can Actually Increase the Value of Your Home

 

Homeowners are constantly updating any remodeling their homes. Home styles quickly go out of style and what was once desired becomes outdated or out of style. When a person purchases a home that had previous residents, they often cannot wait to update the rooms of the home to match their current preferences and styles. The kitchen and the bathroom are probably two of the most remodeled and updated rooms in the home. There are many options when it comes to updating and remodeling a kitchen.

Kitchen remodels vary on pricing, depending on the extent of the remodel and on the specific materials that are used in the remodel. For example, if granite countertops are preferred over laminate, the pricing will greatly increase. If higher end, stainless steel appliances are preferred over more budget friendly appliances, the cost will be greater. According to the 2015 Cost Vs. Value Report, the cost of a minor kitchen remodel is, on average $19,226, which includes labor and new cabinet doors and drawer fronts, countertops, flooring and appliances.

A lot goes into the remodel of a kitchen. It is often beneficial if the homeowner goes into the remodel with some type of a plan or a blueprint as to what exact updates will be done. They should also previously have each part of the remodel priced out to avoid any surprising costs. They should also leave additional room in the remodel budget for these unexpected costs, because things can always arise that were not expected for. Laborers can find problems with the plumbing, the electrical or there could even be some types of mold behind the walls, all things that would need to be corrected. It is always best to be prepared for any required corrections such as these ones.

Although a kitchen remodel can be costly and a lot of work and hassle, it often adds a lot of value to the home. This increased value of the home actually makes back a lot of the costs that were spent on the remodel. A minor kitchen remodel, including a complete makeover of kitchen cabinets averages a return of 72.8%. Simply put, this means that homeowners can expect to increase their home by approximately 73% of the cost that they put into the remodel. Other things can increase this percentage, including granite countertops, custom cabinetry or higher quality flooring. Additionally, homeowners who choose neutral and warm color tones find a greater demand for their homes and for their remodeled work.

Remodeling a home can be an exciting, yet stressful process. Remodeling a kitchen involves a lot of work, including appliances, countertops, cabinets, flooring and even sometimes plumbing. The actual cost of a remodel will vary, depending on the specific materials that are used and on the length of the project. However, many kitchen remodels are very beneficial to the homeowner, not only for the increased look and efficiency of the kitchen, but also in the increased value of the home. Most homeowners will receive some percentage of value in return for the cost spend on the remodel.