Kitchen is the center of the most delectably captivating activities. When it’s well designed, it can find a way to every family member’s heart who means the entire world. And when it’s not, it can form a breeding ground for BIG problems. In case, you are want to sell your home faster and for more money, then updating a kitchen ought to be the #1st thing on your mind.
Do you want to know how exactly kitchen renovations can increase home value? Keep reading this article to widen your perspective:
How to Budget for Renovations
The budget is the most important factor to consider when achieving a successful kitchen remodel.
Here Are Top 3 Budgeting Tips to Follow:
- Tip #1: Focus on spending money on things you don’t want to replace often — including cabinetry and appliances.
- Tip #2: Make sure you’re not overdoing things in your kitchen. Being overwhelmed with kitchen renovation Houston won’t be the best bet as it might dig a big hole in your pocket.
- Tip #3: Keep at least 10–15% of your budget for unexpected expenses.
With a proper budget in place, you can make smart kitchen-remodeling decisions.
How Will a Kitchen Renovation Influence Your Home Value?
In most cases, an updated kitchen is enough to take the value of your home a notch high. Undoubtedly, prospective buyers are willing to pay more for thoughtful upgrades and high-end finishes.
According to a recent survey, approx. 80% of homebuyers placed the kitchen in their list of the most important spaces.
An updated kitchen can help your house appear the best among the rest, which can help you sell faster than ever. That’s great news if you’re thinking about selling your home.
What Is the Average ROI of Kitchen Remodeling?
Typical ROI on kitchen renovation in Houston usually depends on the amount you spend. For instance, the average ROI for a major kitchen remodel is approx. 54%.
Whereas the average cost of a minor kitchen remodel is approx. $21,000.
Is It Worth It?
The answer solely depends on you and your set goals. Let’s take a look at it this way: If you plan to sell your house, then making a few smart renovations might be the best bet. The right upgrade can give your home value a much-needed boost before it’s ready to hit the market — and help you attract as many potential buyers who might not have a problem with the price you have quoted.
What if you want to enjoy the kitchen all by yourself?
Having a kitchen that you love can positively influence your day-to-day life. Of those who took kitchen remodeling seriously, approx. 33% said they have been able to build a healthier lifestyle after renovating their kitchen. Approximately 50% said they have more family time, and 41% said they find cooking enjoyable than it has ever been.
It’s hard to overlook these benefits! Act on it to make the most of it.
