How Much Could a Kitchen Reno Increase Home Value?

One of the most used rooms in any home is the kitchen. When buyers go to choose a home to put an offer on, the kitchen is one of the first selling points. A great kitchen can turn a potential buyer into a homeowner. If you are looking to sell your home, you want to make sure the kitchen is up to par. This means making sure it is completely ready for the next homeowner and is attractive to potential buyers. It doesn’t matter how much money you invest into the kitchen remodel. If you do it the right way, you will be able to get a lot more out of your investment by increasing your home’s value.
Why a Kitchen Remodel?
In one study, it was found that remodeling a kitchen would prove to be a better investment than remodeling a bathroom and would return a much larger value to cost ratio. In order to achieve this, you need to be able to make the right improvements to the kitchen. Homeowners who are looking to sell their home can struggle when it comes to knowing how to make the right improvements. Going into the renovation blindly can end up being a waste of money. Even the smallest kitchen can undergo a major transformation with the right adjustments.
The Type of Remodel
Each kitchen remodel can vary greatly. While some homeowners will choose to do a complete overhaul of their kitchen, others may choose to make just a few changes. A minor kitchen remodel may include changing the cabinets or countertops. A larger kitchen remodel could entail appliances, flooring, floorplans, and more. Depending on how much of a remodel you do and how much you spend plays a major role on how it increases the value of your home.
If you want to get the most value out of your remodel, it is important to pick things that are going to be of good quality. This means instead of choosing the cheapest item in the store, you choose one that is durable and long lasting. Buyers want to see effort when you have redone your kitchen. They do not want something that they will have to repair later on.
Quality over Quantity
The housing market will play a big role in what you get for your home. When you go to remodel your kitchen, you need to assess the market. For a more robust market, you are likely to get more for your renovation than a stale market. Working with a realtor can help you decide what changes will make the biggest impact on your home’s resale value. They stay on top of the latest trends in housing so they will know if you should choose granite for your countertops or stick to a lesser expense like formica. By taking in their advice, you can make the right changes during your renovation so you get the most out of your money.