Have you ever wondered whether getting a kitchen remodel will actually increase your home’s worth and value? The thought might have lingered your mind and you may have shunned it away but now, we are here to answer you.
The short answer is YES! Because your kitchen is among the first places that any new buyer would consider checking out. It’s where you cook your favorite meals, have a dine in with your family for dinner and some might even find it a nice cozy place to have those long gossip, they have been holding in for far too long.
But when it comes to kitchen remodeling, there are a few things one must understand in the light of how a kitchen remodel job is going to impact your overall house’s sales worth and value.
To begin with… let’s answer the obvious.
How Much Does a Kitchen Remodel Increase Home Value?
A home value is estimated based on how much a homeowner gains on the actual investment after the home is sold out to a particular buyer. Well, in case of kitchen remodel jobs, it is known to increase investment returns from 30% anywhere up to 85% on their investment spent on kitchen.
Don’t just take my word for it, but you can check the ROI estimates at 2023 Cost vs Value Report published by JLC. However, this is just the average cost, the exact amount will depend on a few factors.
Also read: How to maximize your home value with kitchen remodeling?
Your Neighbourhood
Certain parts of the country observe a higher ROI on kitchen remodels than the national average. There are reports citing a remodel job amping up a house’s ROI up by 12 percent on the Pacific coast. Compared to Eastern Seaboard, it has a higher ROI than usual. A few areas, however, report significantly less ROI compared to the national average. It clarifies your geographical location plays an important role in estimating the best returns you may get on house sale after kitchen remodeling.
A few considerations that can help you get the most out of a kitchen remodel are:
- Making sure your kitchen is well equipped with useful and functional appliances.
- Add specific features to make your kitchen appear more desirable within the market.
- Bringing your kitchen up to local code and meeting the regulatory standard.
Just bear in mind that when it comes to kitchen renovation or remodel, you don’t end up over renovating or you can eventually lose your market’s interest. Instead of amping up the price, it may lower it down.
The Upgrades You Choose for Kitchen
On rare occasions, a personalized upgrade or extremely specific kitchen remodeling choice can provide you with a decent ROI but it’s not always the case. For example, being specific to a theme may work wonders but going overboard selecting a specific set of cabinets or kitchen countertops from a particular brand only may not appeal to wide masses. To make sure you add the perfect value & get the best ROI on your home’s sales value, focus your efforts on the key features that appeal to your buyers.
At Blue Rock Remodeling, we have been working with kitchens for many years. Let us provide you with the best consultation on what’s going to work for your kitchen and increase your home’s worth & value.
What is the Average ROI for a Kitchen Remodel?
The National ROI for kitchen remodels may differ based on the scale and cost of remodeling jobs and may vary from state to state.
A major kitchen overhaul with midrange finishes can have an average ROI of 59 percent. Whereas, one with upscaled finishing goes a long way and has a national average ROI of around 54 percent.
In certain regions such as California, Hawaii, Washington & Oregon, the ROI can reach up to 93 percent. On the contrary, homes in North Dakota, Minnesota, South Dakota, Nebraska, Iowa, Kansas & Missouri have a slightly lower ROI when compared to other regions such as California or Washington.
What Kitchen Features Increase Home’s Value?
Just like a symphony, kitchens play a powerful tune in the orchestra of home prices. And guess what? Some kitchen features drive the overall house sale’s value. They are constant across the nation.
Parts of the kitchen such as;
- Cabinets
- Countertops and backsplashes
- Appliances
- Flooring
- Finishing touches
Blue Rock Remodeling – What We Can Do to Increase Your House Sale’s Value?
We all want to get the best price for our home and it may only appear worthwhile when we change its overall appeal.
Are you planning to sell your house anytime soon? Do you want to boost your home’s sales value and position your house in a place that maximizes your return on investments?
Blue Rock Remodeling is here to the rescue. Let us assist you in transforming your kitchen space and make it highly inspirational & attractive for quick buyers.
Dial ( 240) 750-4889 and let our experts take care of all your kitchen remodeling requirements.
