A kitchen is often called the heartbeat of the home, and rightfully so. This is where meals are prepared, families gather, and memories are made. Beyond its purpose, however, the kitchen can be a very potent selling factor for the value of your home. If you do find yourself in a situation where you need a kitchen remodel, you may find yourself wondering…how much value does remodeling a kitchen add? Today’s blog will cover kitchen remodel trends, the type of return on investment (ROI) that can be expected by homeowners, and tips for navigating the process with the professionals.
The Benefits of Redoing a Kitchen
It’s not just about the looks; it’s about making your kitchen work better and being current design-wise for today. A poorly designed kitchen that is out of date will only discourage buyers later on and reduce your home’s desirability as a whole. A renovation will fix these defects, and your kitchen will be a place that works for the owner and makes your home more desirable as a whole.
Other than the cost, a new kitchen will also enhance your overall quality of life. With increased storage, new appliances, and an enhanced workflow, a kitchen renovation makes cooking, entertaining, or even moving around the space easier. Does a kitchen remodel increase home value? Let’s dig into this question in more detail.
Expected ROI
One of the strongest arguments for remodeling the kitchen is resale value. According to statistics from one report, a small kitchen remodel (i.e., new cabinets, new countertops, new appliances) will generally recover 70-80% of the value upon resale. A large kitchen remodel, while a greater expense, will recover roughly 60% of the expense, depending on the quality of materials and the state of the market.
But ROI isn’t always dollar for dollar. The same functional kitchen also gets your house sold quickly and at a premium, especially in strong markets. You must be attuned to your local real estate market and keep costs in line with comparable homes in your market. Over-upgrading the kitchen sometimes reduces returns when it’s more than buyers have been accustomed to in similar homes. How much value does a kitchen remodel add? The answer may depend on balancing upgrades with buyer expectations.
Working Together with Interior Designers for Best Results
Having your kitchen professionally redesigned by an interior designer is the solution. A professional designer will assist you in choosing the most suitable material, style, and finish that provide you with the optimal combination of function and aesthetics. A designer will also be able to work according to your budget and keep up to date with the latest design trends of the day. For homeowners in Colorado, Telluride interior design services can help create a kitchen that blends seamlessly with your lifestyle and surroundings.
A professional designer will come up with solutions to your specific needs, whether that means creating more effective storage space, rerouting traffic lanes, or adding smart home capabilities. A designer will also communicate with contractors to make your vision and expectations a reality. For a first-time homeowner who is doing a remodel, this level of expertise can save a tremendous amount of time, stress, and costly mistakes.
Is a Kitchen Remodel Right for You?
A renovation of a kitchen is an expensive undertaking, one that, if planned, can be an absolute game-changer for your lifestyle and for the worth of your home in general. Starting from modernity to functionality, a new kitchen rebuild has benefits endlessly more expansive than mere surface-level exterior cosmetic fixes.
Sit down and evaluate your needs, observe what is happening in the local market, and speak to professionals to create a plan that will be unique to your home and budget. If you would like to be able to use your dream kitchen for years to come or be able to sell your home, a well-planned renovation will add tremendous value and resale value to your home.