The Value of Kitchen Remodeling

Kitchen remodeling can be a great way to add value to a home. In order for this to happen, though, the update needs to be done to professional quality and it needs to increase the overall appeal or function of the space. It is a good idea to speak with a contractor about the benefits of upgrading your current space as the current condition will play a role in how much value and update or re-do will provide to you. In some cases, you can get nearly 100 percent return for your investment.

What Pays Off?

In some situation, kitchen remodeling can allow you to see nearly a full appreciation of the value you put into the remodel. For example, if you invest $10,000 on updating an old but functional space, you may see the value of your home increase by nearly that much. However, if this happens depends on various factors, including the quality of the work done, the type of work done and the current condition of the space. Here are some ways you can see a significant increase in the value.

-Adding space to kitchens definitely adds value since many view this as one of the most important areas of the home. However, one of the most difficult remodels, making it an eat-in space will add value.

-Updating and replacing worn, broken, and outdated cabinetry can add significant value as well. If the cabinet boxes remain in good condition, updating with raised-panel wood doors and drawers and using new hardware will add value.

-Removing and replacing the faucet and sink often add value especially when the current items are old and worn. All plumbing should be up to code, too.

-Replacing cooktops with wall ovens increases value, though replacing all appliances with newer, more energy efficient models will add value.

-Paint, tile work, trim and other wall coverings add value. They work to clean up the walls and add vibrant color and life to the space.

-Don't forget about the flooring, which will benefit from updates as well. Consider adding a higher-quality flooring material, such as tile or wood for added value.

Kitchen remodeling investments can be large. A full renovation may be priced between $14,000 and $30,000, depending on the size and the types of changes made. However, it may not be possible to see a full 100 percent value add from this type of task, especially at the higher end of the price point. Consider your neighborhood and the current appraised value of your home. Talk to your contractor about ways to get the most for your investment in a new kitchen so you get the best overall addition to your home.