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Kitchen Remodels Bring a High ROI

Posted by Steph Kaye on Monday, September 15th, 2014 at 8:54am.

Increase the Value of Your Home

When remodeling it is good to ask, "is this going to increase the value of the home?" No one wants to put the value of their home, in any danger...especially when there is potential for resale. On a list of remodeling projects that bring a high return on investment (ROI), kitchens come in near the top.
 

Kitchen remodels are so popular, because it is usually the heart of the home. Newer model homes incorporate the kitchen and living space with one as an extension of the other. Kitchen nooks with tables and overhang counters with enough space to eat a meal are popular as new kitchen formats bring the cook back into the party. Instead of being relegated to another part of the house and separated by a wall, the cook gets the chance to interact with people while preparing meals. Having enough space so that the party never has to leave the kitchen is what people are interested in when looking at new home designs, and many people are capitalizing on that trend by creating a similar space in their existing homes.

Given the size of any given kitchen, remodeling can be costly. Countertops, appliances, flooring—all of these things add up, especially when considering any additions that might be included, such as an island. While the cost to renovate the kitchen is higher than some other rooms in the house, the potential to recover it as part of the sale is high too.

Below are a few items to consider when thinking about remodeling a kitchen.

There’s no point in spending money to remodel something that potential buyers don’t care about. Real estate agents say that kitchens are one of the first rooms people look at, and when they do, they want to see if the countertops and appliances are updated. A more modern kitchen shows well with potential buyers, so upgrading for both functionality and aesthetics is a viable consideration.

Be careful not to spend so much that the price of the house skyrockets. Potential buyers will love the kitchen, but may not make an offer if the house is priced way over the others in the area. Make sure you keep renovation costs moderate so that the house can remain at a competitive price.

Sometimes, less is more, and not everything in the space needs to be replaced. Some things to consider, if the kitchen has older appliances, replacing them is a smart decision. Likewise, if the countertops show wear and should be replaced, do so. But if the kitchen is in good working order, nothing else really needs to be done aside from changing the lighting or paint for a new look. A little bit goes a long way.

If you are in the market for a new house and would like information on homes for sale, or are first time home buyer not working with a Realtor and would like to schedule a consultation with a qualified Oakland County and Macomb County Realtor, please complete the Lang Premier Properties contact form to have a real estate agent contact you. 

Lang Premier Properties are Birmingham Realtors specializing in Oakland County Real Estate. Stephanie is an agent with Lang Premier Properties. See what past clients have to say about Stephanie Lang.  Lang Premier Properties looks out for your best interests when you purchase a new custom luxury home. We always recommend working with an experienced luxury real estate agent when buying a new luxury estate.

 

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Kitchen Remodels Bring a High ROI





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Posted on Monday, September 15th, 2014 at 9:22am.

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