How Can a New Kitchen Increase Your Home’s Value?
When remodeling your home, it’s always important to carefully consider resale value. Even if you don’t intend on selling your home, you never know when you might decide to sell it in the future. Real estate professionals say that the best room to remodel in your home, in terms of resale, is the kitchen. If you’ve been wanting to remodel your kitchen, then you’re in luck.
While the cost of a kitchen remodel could range from $15,000 to $30,000+ depending on what you want to get done, the statistics show that kitchen remodels have a return on investment of 92.9%. That means that nearly 93% of whatever you spend on your kitchen remodel would be added to the value of your home. Even minor kitchen remodeling, including new cabinet doors, new backsplash, and new paint, could yield surprising returns on value.
Fortunately, there are a number of ways you can remodel your kitchen. If you want to completely gut your kitchen and start anew, you can do it. If you’d like to do a remodel on a budget, odds are you can make some significant changes in your value with just a minor investment in your kitchen. It’s important to keep in mind what potential buyers would want, however, to really get the most out of a kitchen remodel and the potential value boost it would bring to your home.