How Much Value Will A Kitchen Remodel Add To My Home?

The kitchen is one of the most important sections of the house in terms of influencing real estate value. A complete kitchen remodel is the best area to start if you want to increase your home’s value. Keep in mind that whenever you list your property for sale, the buyer will visit your home to check its condition. Often, the first thing a buyer evaluates is the condition of the kitchen. For this reason, it’s a good idea to refinish or remodel your kitchen before listing your home. In this article, we’ll discuss how kitchen remodeling can increase the value of your property!

How Does Kitchen Remodelling Increase Your Home Value? 

Home remodeling before listing your property is a strategic decision. Buyers will almost always be more attracted to your property if they notice functional improvements. About 80% of buyers prefer newly finished kitchens. The standard ROI for a mid-range kitchen falls between 50% and 60% on the overall remodeling budget. Suppose the total kitchen remodeling expense is $69,000, then you will get back about $34,500 to $41,400 on top of that. If you have a small kitchen to upgrade, the estimated ROI will range from 75% to 80%. For example, upon spending $24,000 on remodeling, you will recover between $16,800 to $19,200. Your location also influences the expected ROI after kitchen upgrades. For example, a 68% ROI is the national average but can vary depending on your home’s location in the country.

Kitchen Upgrades To Consider

Below are some kitchen remodeling ideas that can significantly increase the value of your home when it comes time to sell it: 

Updating Cabinets 

If you don’t feel like spending thousands of dollars on remodeling, you should consider refinishing or replacing your cabinets. Replacing or refinishing your cabinets is a cost-effective option that can make your kitchen look modern and upgraded. New cabinets will enhance the overall kitchen aesthetics without breaking your bank!

Updating the Countertops 

Quartz and granite slab kitchen countertops can be pricey choices, but they’re often the most desired when buyers are looking for homes. If you don’t have the budget to purchase quartz or granite, you should choose materials such as tiles, granite remnants, or laminates! At Fabrizio Kitchen & Bath, we offer a wide selection of affordable countertops!

Upgrading Light Fixtures 

Many homeowners tend to forget kitchen light fixtures when remodeling. Bright kitchens highlight elements and features of the kitchen that can increase the value of your home. Recessed lighting, hanging ceiling lights, and lighting underneath the cabinets are excellent options. Light fixtures should add 5% to your kitchen remodeling budget. 

Contact Fabrizio Kitchen & Bath!

If you want to add value to your property, remodeling your kitchen is a great place to start. If you’re looking to renovate your kitchen or design a new one, Fabrizio Kitchen & Bath is proud to provide Massachusetts with a wide selection of high-quality kitchen countertops and cabinets that gives the look and feel you desire! Contact us today by giving us a call at (978) 535-1900 or by filling out the contact form on our website!