Are you thinking about remodeling your kitchen and wondering if it’s worth the investment? It is! The exact amount varies based on your unique home and the renovations you choose. But kitchen remodels are typically very sound investments. Here’s how kitchen remodels can improve your home’s value.
Kitchen Remodels Increase Your Home’s Appeal
Think back to when you bought your home. Did the kitchen influence your decision? We thought so. It does for most people. That’s because a beautiful, functional kitchen with plenty of storage space is a huge selling point for a home.
Kitchens are called the heart of the home for good reason. It’s where you cook and share meals with your family, grab a quick breakfast, entertain guests, and maybe even catch a Zoom meeting now and then. You have many conversations and make many memories in the kitchen. So a warm, inviting kitchen adds to your home’s appeal.
It follows, then, that increasing your home’s appeal through a kitchen remodel also adds to your home’s value. When prospective buyers tour your home, they imagine themselves in the kitchen. So you’re more likely to get a great offer if your kitchen is updated, beautiful, and contains plenty of storage space.
A Luxe Remodel Won’t Give You the Best ROI
For many homeowners, a luxury kitchen full of high-end appliances and fixtures is a dream come true. But it won’t give you a huge return on your investment. In fact, a full upscale kitchen remodel only returns about 31.7% of your investment. That’s because all those luxury upgrades come with a higher pricetag than a more modest remodel.
However, that doesn’t mean you shouldn’t do a luxe remodel. If you don’t plan to sell your home soon, it makes sense to remodel your kitchen in a way you love. After all, it’s still a worthwhile investment if your new kitchen brings you greater joy and ease of use. You deserve it!
Adding a Kitchen Island Improves Your Home’s Value
Adding a new kitchen island is one of the simplest ways to improve your home’s value. And it’s more affordable than doing a full remodel. Plus, kitchen islands come in a range of options. So you have the freedom to choose exactly which features you would like to include. Hello, new home bar!
Remember, though, that while kitchen islands are available at big box stores, they don’t add much value to your home. So it’s worth investing in a custom kitchen island, especially if that’s the only upgrade you’re making. That way, your new kitchen island will match the rest of your kitchen. And that’s crucial for improving your home’s value.
It’s also worth noting that kitchen islands are a great selling point for your home because they’re always in demand. So whether you choose a simple island for extra storage or a fully equipped island with a cooktop, you’re sure to improve your home’s value.
Improve Your Home’s Value With New Cabinets
When it comes to remodeling your kitchen, investing in new cabinets is one of the best ways to improve your home’s value. Cabinets don’t cost as much as a full remodel. So you enjoy a much higher return on your investment, around 85.7%. And because installing new cabinets doesn’t take as much time as a full remodel, you also enjoy your improvements sooner. Win!
So what type of cabinets should you choose? Custom kitchen cabinets offer significant advantages over stock cabinets from big box stores. They’re more durable, are customized to match your kitchen’s size and decor, and include as many features as you like. For instance, choose the type of wood you like. Select the size of your cabinets. And decide whether to include accessories like spice racks, drawer organizers, and pull-outs.
Remember, buyers place a lot of value on cabinet space. And custom cabinets help you maximize your kitchen space. Indeed, many homeowners are pleasantly surprised at how much more usable space custom cabinets create. So it’s always a worthwhile investment.
Ready to improve your home’s value with a kitchen remodel? Great! We’re happy to talk through your ideas and give you a quote. Contact us today to get started!
