Remodeling a kitchen: a good or bad investment?

Is remodeling a kitchen a good investment

Remodeling a kitchen is not just a good investment it can be a financial plan. If you’re planning on selling the house then remodeling your kitchen is a must if you have the budget. According to a survey, 80% of homebuyers lists the kitchen as one of the most important part of the home. That can affect the decisions of buyers. Some of the survey takers even said that they would’ve paid more if there were more appliances or better counters.

A kitchen that’s streamlined when it come to its quality, design, and efficiency can help your property stand out. Depending on how good the remodeling job is and where you live, you can even make up for the loss from the remodeling when your house increases its value in the market.

COst of remodeling

So it’s an obvious choice to remodel your kitchen if you’re selling your property. However, how about if you want to renovate your kitchen because you have the budget for it? Is it still a good investment?

According to a research of Houzz, the reason why the majority of their respondents remodeled their kitchen is because they cannot endure the old kitchen anymore. The rest said they always see the need to remodel their kitchen but it was finances that was keeping them. So when they got the budget they just proceeded with the renovation.

Money is really a big factor when it comes to deciding whether to remodel your kitchen or not. That is why it’s just proper to ask if remodeling is worth it.

A Financial Plan: Remodeling your kitchen for you and your family

There are a lot of reasons why you should remodel your kitchen for your home. Here are three good reasons that would help you decide whether to take on this investment or not.

  1. Depending on how well you remodel your kitchen, it could actually save you more time and money in the long run. Let’s make energy consumption as an example. If your kitchen is more than a decade old, your appliances must have a very low energy efficiency rating. It’s costing you more money everyday. Newer appliances in the 21st century costs way less energy like inverter appliances.
  2. Remodeling your kitchen will reinforce it’s integrity. Every part of our home degrades through time with constant use . Remodeling your kitchen means an opportunity to fix components that are more or less already at their limit before they stop working or get broken. Some of these are walls, ceilings, floors, pipes, etc.
  3. Remodeling can give you more space for productivity. Remodeling is also an opportunity to give more space for things that you need. If you’re planning to start selling cakes that you bake as a small business venture then bigger kitchen counters would be useful. If you have a huge kitchen and need a small art room or storage for your pieces then converting a portion of your kitchen to another room can be beneficial for your progress.

With the right planning and contractor, remodeling a kitchen is a good investment. If you have plans on remodeling your kitchen or any part of your house, don’t hesitate to click here and ask for a quote! You can also visit our portfolio on HOUZZ. Here is another article about why should you renovate your kitchen: “Should I renovate my kitchen?”