01 Mar Is a Kitchen Remodel a Good Investment?
So you’re looking to spruce up your kitchen — perhaps you already know the exact type of backsplash or countertops you’d like or maybe your real estate agent suggested that a kitchen upgrade will increase the value of your home. Either way, the time has come. So where do you start? What makes a functional kitchen remodel a good investment? Maybe it’s as simple as ditching old appliances that increases the value.
The most important question here is what goal(s) are you trying to achieve with your home improvement project? Why do you feel you need a kitchen remodel and what exactly do you feel you need to remodel? You also have to consider the other areas surrounding your kitchen. For example, the existing structure outside of the parameters should be sound, standing up to major or minor renovations around your kitchen.
When you’re looking to sell your home, a new kitchen or bath remodel will plump up the value more than 100% of the cost as homeowners spend most of their time in these areas and value them. Because of how important they are, these areas of the home are most expensive in terms of construction.
If moving is not in your near future, you can always upgrade to an efficient kitchen that you’ll enjoy. For example, if you’re not much of a cook, you can take out appliances and units that cater to those who have more culinary interest. You can still bring your kitchen up to the standards within your community while remaining in a comfortable budget.
To Upgrade or Not to Upgrade…
So what do you upgrade? Where you need the most improvements will determine how these upgrades will add to the function of your daily life. Even minor kitchen upgrades can affect a major return on investment if you are looking to sell your home eventually. More than 80% of an ROI can be expected of small kitchen projects for homeowners. Something as small as replacing appliances with ones that have high efficiency ratings can affect the investment in your home. Even updating your kitchen sink faucets in Vero Beach can increase the value. Your countertops or floors can probably use a fresh coat of paint or primer and this can help with the investment. If you are not in the market for selling, you will enjoy the look and efficiency of your brand new kitchen. And when you’re ready to sell, you can demand a higher price. Either way is a win.
Kitchen investments are always a win-win, whether selling or just looking to upgrade. When you’re looking to upgrade, the home improvement store may have exactly what you’re looking for, but are you really in the market to replace this yourself? You need a professional that has been in the industry for years and knows more than a thing or two about kitchen, bath, and high quality durable products for your needs. European Kitchen and Bath are experts in Stuart and Vero Beach, Florida. They’re a family-owned and operated business and cover 70 miles of customers on the Treasure Coast. They have a variety of quality products to choose from at their showroom and are ready to assist with your kitchen remodeling needs! Contact them today!