DESIGN NOTES
The kitchen should be top if you consider home renovations to boost your property value. A well-designed, updated kitchen can significantly increase your home’s return on investment (ROI) when you decide to sell. Here’s why a kitchen remodel is worth the investment:
Cabinetry, kitchen, and bath upgrades are among the most impactful renovations when it comes to ROI. These areas are central to a home’s functionality and aesthetics, making them key selling points for potential buyers. Upgrading cabinetry, countertops, and fixtures can modernize a home, increasing its appeal and value.
Kitchens Sell Homes
The kitchen is one of the most important rooms for homebuyers. It’s the heart of the home, where families gather to cook, eat, and socialize. An outdated, cramped, or poorly laid-out kitchen can turn off prospective buyers immediately. On the other hand, a beautiful, functional kitchen creates a huge selling point that can make your home more competitive.
High ROI Potential
Remodeling your kitchen often recoups a large percentage of the renovation cost at resale. According to Remodeling Magazine’s Cost vs. Value report, a mid-range kitchen remodel recoups over 70% of its price on average upon selling the home. High-end, upscale kitchen projects can recoup around 60% of costs. These ROI percentages are among the highest of all home renovations.
Increases Home Value
Even if you’re planning to wait to sell, an updated kitchen adds tangible value to your biggest asset – your home. It boosts your equity and makes refinancing or taking out a home equity loan easier if needed. Plus, you get to enjoy the remodel benefits while living there.
To maximize your return:
- Focus kitchen updates on features that appeal to buyers, like new appliances, countertops, cabinets, sinks, lighting, and flooring.
- Replace anything that’s damaged, worn out, or highly outdated.
- Keep the layout functional and incorporate modern design elements without going overboard on customization that limits broad buyer appeal.
- Stick to mid-range materials and finishes versus ultra-high-end for the best cost vs value ratio.
Kitchen Remodel:
According to the National Association of Realtors, a minor kitchen remodel can have an ROI of 81%, while a major remodel can have an ROI of 59%.
Walker Woodworking Two rooms in any home have the most potential to affect the property’s appeal and value when it is put on sale: the kitchens and bathrooms. Kitchens are valued because they function as a hub where people socialize and meals are prepared. Bathrooms are important because they are where people go to relax and unwind with a hot shower. The condition of a home’s kitchen and bathroom influences its market value.
Greenbrook DesignOur top priority is helping our clients achieve a space that is suited to their needs and unique lifestyles. Here are three ways we strive to do this and help you create a safe and well-thought-out space for you and your family.
Walker Woodworking Whether you’ve recently purchased a new construction house or you happen to live in a historic home, there are several things you can do to make your home more technologically advanced. From unique features on kitchen appliances to the latest security accessories, where do you begin when upgrading to a smart home? Read on for some tips, tricks, and easy hacks that will help you discover how to make your housework harder and smarter for you.
Smart home technology. From voice-activated faucets to thermostats, technology has finally caught up to the home. Alexa’s name is spoken hundreds of times daily while performing multiple tasks, allowing homeowners to manage various tasks even when not at home.
GreenbrookIncluding nature’s elements in the home design remains a popular choice. Placing extra windows into the room to allow more light in or choosing eco-friendly options, such as granite countertops, are favored ways to accomplish this. Wood, however, remains the number one choice with most clients as it adds warmth and texture to the room. It also blends with multiple styles, including modern industrial and farmhouse. Even though there are numerous design benefits to incorporating wood into the design, not everyone has access to reclaimed wood or can afford to install it. Stikwood is the perfect solution.
