For some people value is everything. If that’s you, than its really important to know wether the money you pay for your kitchen remodel will translate to an increase in your homes value. The short answer is that it will. Theres some factors, though, that dictate how high of a percentage you’ll recoup.

Quality of Craftsmanship

This speaks for itself. A poorly done project that looks bad will always have lower value. Make sure you don’t go the cheapest route when looking for a contractor. That being said even the pros who charge a premium could cut corners. Make sure you hire someone you can trust.

If you do the work yourself don’t rely on you’re own knowledge. Check industry standards and inform yourself about materials and processes.

Know the Numbers

The more you spend on a remodel the smaller your ROI (return on investment) becomes. Many say that a kitchen remodel should cost between 5% and 15% of your home.

A light kitchen remodel has the possibility of recouping all its value. Once you start changing cabinets, layout, and adding fancy appliances you’ll start to see the ROI fall to 60% then 50% and even down to 40% if you start creeping into spending a fifth of your homes value on that remodel.

Pick Tasteful Finishes

Installing cheap materials and very hip designs will date your kitchen fast. Make sure to pick finishes, colors and patterns that work with your own taste but also could possible appeal to someone else’s as well. This is where friends and family come in. Get their honest opinion before you settle.

Summary

While thinking about ROI is important, it isn’t everything. Ultimately this will be the space you spend a large portion of your life and will be a space that draws in your family and friends.

If you would like help to plan your remodel click here for a free consultation at your home or on a video call.