Does a Kitchen Renovation Increase Home Value?

When considering whether or not to update your home, careful consideration must be given to which home improvement projects will give you the best return on your investment. The ultimate home theater may be fun, but every homeowner should have their house's overall value in mind before putting money into any renovations. minor projects are always a good choice, and good maintenance and small improvements are gentle on the wallet and give the best overall return. But when looking at major updates, there is nothing quite like a kitchen remodel to increase the value of a home.

Kitchens are highly visible areas, and if a home is older an outdated kitchen is a dead giveaway. Some buyers may appreciate a retro look, but most want a feeling of confidence that the home is well maintained and not in need of major repairs. Buyers can also easily tell from a kitchen if any upgrades have been money well spent or not. A good kitchen upgrade with a solid design, functional workspaces, and no repair needs or problems is highly valuable and worth more than an upgrade which updates all of the finishes but still leaves leaking plumbing. A homeowner must also be careful to not overspend on a kitchen remodel in order to get the best return on investment. Generally, you would not want to spend more than about 25% of the home's value in a kitchen renovation.

Done right, a kitchen renovation can give anywhere between a 60% and 80% return on investment in the increased resale value of your home. To talk to an expert regarding your kitchen, contact KDI Kitchens today. From custom countertops to custom cabinets, we have a kitchen design for you!