comesYou have likely had a conversation before with friends, family members, and professional contractors about remodeling your kitchen. And every time you talk about it, you are likely met with the same response: you are encouraged to renovate your kitchen because it will add a lot of value to your home. But how much home value does a kitchen remodel add?
How Much Home Value Does a Kitchen Remodel Add?
But are people just saying that? Does kitchen remodeling in San Diego really add that much more value to the home in this real estate market? And, if so, how much home value does a kitchen remodel add? Let’s dive into some of the basics of these questions below.
Percentage Value Increase
Inexperienced homeowners might think that “increased value” means immediately getting back a fantastic rate on their investment, raking in profits soon after spending big bucks to complete the project. While that isn’t exactly the case, there is still a lot of benefits to be gained from a kitchen improvement project.
As an example, let’s say you have the budget to put $30,000 into a kitchen remodeling project. If this is a small to medium-sized project, you may get back between 85% and 86% of what you spent. And you may net around $25,800 when all comes said and done. This may seem like you are cutting a loss, but compare this net gain to the amount you would receive if you hadn’t renovated your kitchen at all.
Adding the Biggest Value to Your Kitchen
Not every type of upgrade or remodeling idea will increase the value of your home. It is important to be aware of your national, state, and municipal policies as well as the local real estate market to see which options will work best for your situation. Consider looking at the most recent Cost Vs. Value Report to determine what features and upgrades will give you the most bang for your buck.
Kitchen appliance upgrades might not give you the return you are looking for; in that case, consider reconfiguring your layout. Changing the size or shape of your kitchen can add tremendous value to your overall home, giving it unique features that would not have been possible before. Adding a small island immediately gives you more counter space, while removing a large overhead cabinet can turn the kitchen into a light and airy place.
We offer plenty of accessibility upgrades to transform your kitchen into a safe and functional space that the whole family can navigate easily. Getting rid of low-hanging cabinets can make room for chairs and walkers with plenty of space on either side to prevent any hazards. It will be a good idea to ensure that stored items can stay within reach, so consider rearranging the items in your cabinets as well.
Obviously, when designing a kitchen, the first thing you want to think about is its aesthetics. What kind of decor will you use? What color will the walls and countertops be? Do you have a certain style preference? You are free to choose what you wish, but there are certain looks that may net you a higher profit than others. You can’t go wrong with a neutral yet upgraded look that everyone will love, such as a brand-new sink head and handles to match.
Get Professional Kitchen Remodeling Help Today
Your local San Diego remodeling contractor is fully equipped to help you create the kitchen of your dreams. Whether you are looking to recreate a more accessible version of your current kitchen or you are looking to spruce up some outdated features, you are certainly going to add a lot of new value to your home. Get in touch with us today to schedule a consultation and we will match you with the right services to suit your needs.