Today’s homebuyers are focused on the details. That means they want to know more about how a home will meet their needs before signing on the dotted line. A kitchen remodel is one of the most popular upgrades—and for good reason. The kitchen is the heart of the home, which makes it a prime spot to add value and appeal. There are many benefits to remodeling your kitchen, including higher resale value, an improved sense of comfort and convenience, and even lower energy costs over time with upgrades like new energy-efficient appliances. With so much competition in real estate today, properties must stand out above the rest. Kitchen renovations are a great way to do just that, increasing property values and making homes more appealing to potential buyers. Whether you’re buying your first place or looking to upgrade from that ragged old kitchen you have now, here are some beneficial reasons why you should remodel your kitchen now:
A Greater Sense of Comfort and Convenience
Homebuyers today want the comforts of home—even when they’re not in their own home. A remodeled kitchen can address many of today’s must-have features, including a more spacious feel, more storage for everyday and specialty items, better natural light, and more counter space for cooking and entertaining. Kitchen remodels offer flexibility for homeowners who may have young children or pets, as well as those who may have a disability. When updating your kitchen, think about how to make it more functional and appealing to the people who will be living in it. You can increase the number of people who can fit at the table by installing a larger table, or adding more chairs. You can also improve storage by adding more cabinets and pantries. And don’t forget to leave room for your kids to play by adding a few play areas such as a play table, chairs, and stools where they can do homework or crafts.
Higher Resale Value
Kitchens are the most important room in a home when it comes to resale value. In fact, the kitchen is the second-most expensive room to update, just behind the master bathroom. A great way to increase your home’s resale value is by updating your kitchen. In fact, a kitchen remodel can add an extra 16% to your home’s value, according to Trulia. That’s a significant increase in your home’s value, which is why many real estate investors and property managers require a kitchen remodel before they’ll even consider buying a property. If you’re planning to sell your home in the near future, a kitchen remodel can help boost your home’s value. A remodeled kitchen has the power to increase your home’s value by an average of $8,000, according to Costar. That’s a big reason why so many homeowners renovate their kitchens, as it’s a relatively small investment that can pay off big time.
Protection from Future Repairs
Because kitchens are used so often, they can suffer from wear and tear over time. This is particularly true if you have young kids or pets. While there’s nothing wrong with living with some cosmetic issues, you don’t want to have to replace expensive appliances because they’re old and broken. A kitchen remodel is a great solution to this problem. It’s a chance to replace old appliances or cabinets that don’t look good any longer, are on their last leg or that don’t meet the latest energy-efficiency standards. You can also add new countertops that are more durable than what you currently have. Although you may be concerned about the upfront costs of a kitchen remodel, it can actually save you money in the long run.
An environmentally-friendly Upgrade
Kitchens have become more and more eco-friendly over time, but many homeowners are still using appliances that are decades old. A kitchen renovation is a great time to upgrade your appliances to meet current energy-efficiency standards. This will not only protect your pocketbook in the long run, but it will also help protect the environment. Another eco-friendly kitchen upgrade is adding more natural light. Natural light can reduce the need for electric lights and can also improve your mood. You can add skylights, windows, or a roof light to bring in as much natural light as possible.
Lower Energy Costs Over Time
Residential real estate is big business in the United States, with the average person spending $300,000 on their home during their lifetime. While homeowners can’t control the costs of purchasing their home, there are many ways to reduce the cost of maintaining and living in your current home. A kitchen remodel is one of the best ways to reduce energy costs in your home. New appliances, lighting, and windows can all help you reduce your energy bills. Researching which energy-efficient appliances will work best with your current setup will help you avoid costly mistakes. Adding more natural light can reduce the need for electric lights, which can significantly reduce your energy bills over time.
It’s important to note that kitchen remodels can take anywhere from six months to a year to complete. Make sure to account for this extra time when you make the decision to renovate. It’s also a good idea to create a spreadsheet to keep track of all the different projects and costs associated with your kitchen remodel. When it comes to real estate, homeowners have to make every effort to stand out above the competition. A kitchen remodel is a great way to do just that, increasing property values and making homes more appealing to potential buyers. Whether you’re buying your first place or looking to upgrade the old kitchen you have now, there are many benefits to remodeling your kitchen.