Kitchen Remodel is Great for ROI
Nearly everyone starts their day in the kitchen. It’s the place where families congregate as food is prepared. Great memories are created in kitchens. At a party, family, friends, and guests tend to gather in the kitchen. If you plan to sell your property in the future, it’s also the first room a potential buyer looks at. To boost your home’s value and functionality, then undergoing a total kitchen remodel is one of your greatest options. Having a dated kitchen is a big turn-off to prospective buyers.
People choose kitchen remodeling for many reasons. According to a 2017 Houzz study, 43% of respondents remodeled because they could no longer stand the old kitchen. (Ramsey Solutions, 2021)
80% of buyers in the market consider a newly finished kitchen as one of their influencing factors of selecting and valuing a property. (Guo et al., 2017)
Following closely behind, 40% said they wanted to update their kitchen all along but just became financially ready. (Ramsey Solutions, 2021)
What Kitchen Upgrades Increase ROI?
If you’re planning a kitchen redesign, you’ll want to know which tasks should be prioritized so you don’t end up investing in the wrong upgrades, or overspending – diminishing your ROI.
Kitchen Countertops: Countertops have progressed from a simple kitchen surface to a sweeping design standard that implies luxury and style. Quartz and Granite are popular choices when it comes to countertops. Installing granite or any form of natural stone countertops might potentially improve the value of your home by up to 25% of its retail value. (The Lennys, 2021)
Flooring: The typical return on investment for adding hardwood floors is around 70% to 80%, with hardwood flooring increasing the resale value by as much as 2.5 percent for a high return on investment home remodel. (Brougham, 2021)
Modern Appliances: Before you go and buy the barista-style coffee machine, remember to keep in mind not all appliances increase ROI. Essentials like refrigerators, built-in stoves, and high-efficiency dishwashers are needed regularly and have a longer life span.
Cabinets: Cabinets are the simplest yet most effective upgrade option for a good ROI. Changing your cabinets will completely affect the look of your kitchen, regardless of your budget. Custom, wood-constructed, factory-manufactured cabinets are a must for high-end remodels. If you skimp here, it will affect the momentum of the rest of your efforts.
The National Kitchen and Bath Association is a great place to get information about what you need to plan your kitchen remodel. You can find things on their website that will educate, inspire and help manage your project from start to finish.
Kitchen design is a licensed profession just like becoming an interior designer, certified kitchen planners are worth their weight in gold. They can save you a lot of time and money by keeping you on a path to success based on industry experience.
Don’t plan your remodel without a budget, a designer, and an experienced general contractor like J&M Construction. We have over 40 years of experience with updating designs and complete make-overs.
Ready to get started on your kitchen upgrades?
Schedule remodeling services from J&M Construction & Remodeling. Our staff works with you to understand your needs and we have partnered with the area’s best design professionals. Call us at (281) 359-3550 to get started.
- Guo, L., Author, About Lawrence Guo (2017, June 2). Realtor.com active Spring HOME Shoppers report. Realtor.com Economic Research. https://www.realtor.com/research/spring-home-shoppers/
- The Lennys. (2021, April 17). Cost for replacing or installing new countertops – granite gold®. Granite Gold Granite Cleaner & Stone Care Products. https://www.granitegold.com/reasons-granite-increases-home-value/
- Ramsey Solutions, R. S. (2021, April 22). How will kitchen remodeling affect your home’s value? Ramsey Solutions. https://www.ramseysolutions.com/real-estate/how-will-a-kitchen-renovation-affect-value
- Brougham, R. (2021, March 23). This is the absolute Best flooring for increasing home value. Family Handyman. https://www.familyhandyman.com/article/best-flooring-for-increasing-home-value/