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How will kitchen remodeling affect your home's value?

Updated: Oct 29, 2022

As the saying goes, home is where the heart is. But, let’s be honest, we all know that it’s not always easy to talk about money — even with each other. That being said, when it comes to making major changes and investments in your home, it's important to know what you're getting into.

We all have that one friend who can't stop bragging about how to remodel doubled their house's value. But, what about when things don't always work out that way? In this article, we'll dive into the facts and figures surrounding kitchen remodeling, so you can properly evaluate whether or not it's a potential investment opportunity for you.

Kitchen remodeling is one of the most popular home improvement projects. Whether your kitchen is outdated or you want to upgrade to a new style, this project could be an opportunity to make your home more valuable. Your furniture preferences, appliances, and layout all belong to a specific style that reflects you. But how much of an effect does it have on the value of your home? This article will discuss everything you need to know about kitchen remodeling and why it helps increase the worthiness of your property.

Why Remodel Your Kitchen?

Let’s face it: your kitchen is one of the most used rooms in your home. As such, you live with its flaws every day, and perhaps no room deserves a makeover more than the kitchen, right? The kitchen is one of the most important rooms in a house. It is the place where we spend most of our time cooking, eating, and socializing with our family and friends. It is, therefore, not surprising that if you decide to renovate your kitchen, this could have a huge impact on the value of your home.

Actually, according to Remodeling's 2017 Cost vs. Value Report, the average kitchen remodels costs between $20,000 and $40,000 — not including the additional appliances or cabinetry.

However, according to the same report, homeowners nationally expect their kitchen remodeling project to increase their home's value by about $16,000. Ultimately, the report estimates that an average kitchen remodel can increase your home's value anywhere from 1-7%, depending on where you live.

Based on a survey, home buyers listed kitchens as the second most important feature when considering potential homes. Renovating your kitchen can add up to 20% of your home's value. The kitchen is usually one of the priciest backdrops for home improvement because it encompasses the two most expansive rooms in your home (combined) - prime real estate! General contractors charge an average of $50-90 per hour or 10-30% of one's project cost, which will break down to an additional 5000-10000 for your entire remodeling project.

Renovating your kitchen is a significant investment, and so it is quite understandable to be worried about how this will affect the price - especially as home prices have increased significantly in recent years!

So how will kitchen remodeling affect the value of your home? Multiple factors come into play and can cause variation in how many homes sell on the open market. In general, houses with larger kitchens are worth more because they allow for the potential of utility versus selling slowly or not selling at all if a house is too small. And while smaller improvements often do not increase a home's value on their own, the larger update can significantly increase it because they cost as much as or more than bonuses like a garage. Some also have hidden benefits like lowering fees by decreasing the odds of having outdated amenities that raise taxes for owners. Before anyone starts remodeling his kitchen, he or she has to be aware of how it will affect the value of the house or apartment.

The overall effect of your kitchen remodeling cannot be predicted, but there are some ways you could estimate it in advance. It will likely increase your property’s worth by at least a few hundred dollars. Some experts go as far as to say that the project might increase its price by five percent or more.

Online designs for kitchen decoration and planning are now accessible to anyone and everyone. Anyone who has access to home renovation or remodeling advice and ideas. Kitchen remodeling has become a captivating topic regarding the potential of moves and how much this venture might enhance your home value. In addition, individuals just regularly look for design ideas for their future desired kitchen designs.

A successful kitchen remodel can increase your home's value by up to 20%. This study found that homes with improved kitchens sell more than those without. The same study found that kitchens are the second most important factor in a buyer’s decision after price and neighborhood amenities.

Contact Local Rooter

If you would like a free quote on a new sink replacement in San Jose and surrounding areas, our professional plumbers at Local Rooter are here to solve your problems. Call us at 408-641-9245 or contact us here

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