Often described as the heart of a home, the kitchen is one of the most popular rooms in the house. It is where you and your family come together and spend the most time cooking meals, handing down secret recipes, and having heart-warming conversations. It is not surprising that kitchen remodeling is one of the first projects homeowners look at when they’re considering home upgrades.
The Impact of Kitchen Remodeling
A new or upgraded kitchen adds value to a house. According to moving services company, the return on kitchen remodeling depends on the improvement done on the remodeling such as the following:
|Type of Kitchen Remodel||Return of the Money Invested|
|Major upscale remodel||53.9%|
|Remodeling with mid-range fixtures||58.6%|
|Minor upgrade with mid-range fixtures||77.6%|
Take note that with a minor upgrade, the return is higher because you are spending far less money while still getting the desired result.
Experts recommend that homeowners spend 6 to 10% of their home’s value on a kitchen renovation. If you spend more than that, a good return on your investment might not be guaranteed.
Kitchen remodeling doesn’t just impact the financial aspect. Its other benefits include the following:
- It allows you to showcase your kitchen’s beauty and functionality even after many years of use.
- A well-kept kitchen can be taken as a sign of a well-maintained, high-value home.
- It helps improve the resale value of the home.
- It helps enhance the owners’ quality of life and happiness
How Kitchen Remodeling Can Increase Your Home’s Value
If you want maximum return on investment, carefully evaluate both your budget and the current condition of your kitchen. Not all remodeling costs may be worth it regardless of the amount. Prioritize anything that requires basic repairs such as leaking faucets and rusted cabinet hinges. Then consider kitchen feature upgrades that cost less yet provide higher returns.
Here are some of the important kitchen features and possible upgrade options that can provide you with the best results:
1. Update countertops and backsplashes.
For high-end remodels, update to granite countertops or quartz for a less expensive option. Using colorful backsplash tiles can boost the overall appeal of your space.
2. Replace cabinets and drawers.
You can replace the cabinet doors and drawer pulls for a minor remodel or change the cabinet boxes completely for a major renovation.
3. Switch to smart appliances and light fixtures.
Upgrade to smart and energy-efficient appliances like inverter fridges and LED lights. More homebuyers prefer eco-friendly equipment.
4. Match sink and faucets to new drawer pulls and countertops.
Kitchen remodeling projects can improve your home’s value and offer many other intangible benefits.
If you are looking at kitchen remodeling, our experts at 215 Mercury can help you plan and execute your project to perfection. Call us now to know how we can work together.