Redesigning your kitchen for the biggest improvement to your home value
There are a wide number of reasons why a home owner will choose to renovate their kitchen and start home remodeling project. Some will do so purely because they want to enjoy a new kitchen while others will remodel their kitchen out of a desire to for more functionality, while others yet pursue a remodeling primarily to increase the value of their home for resale.
This last option isn’t only pursued by home flippers who are looking to turn a quick profit. Many homeowners will remodel a home in the anticipation of earning more than their initial investment in the remodel and to thereby turn a profit on their kitchen remodel. This is very important as the kitchen is generally the first place a home buyer looks to in a home before making an offer. Remodeling a kitchen can have a huge impact on the price your home ultimately sells for but not doing so with considerations and care for the cost-benefits associated with the remodel can lead to a lot of wasted money.
If you are remodeling your home kitchen in order to make a quick profit on it there are a number of considerations that you may have that are different from those that a person renovating for the long term would have. While quality construction is important you may not want to use all high quality parts. Doing so may make sense if you are building an kitchen for your own usage but not for one that you are preparing to sell to a new homeowner. Instead, concentrate on things that look nice and which home owners look for. An example would be granite counter tops or a wine fridge, but don’t necessarily upgrade the plumbing capacity or electrical outlets as most new buyers don’t consider these things when buying a home. While there is a cost to the recommended items since home buyers appreciate these items it is often worthwhile to invest in these renovations during a remodel.
In addition it is less important to consider both your own tastes and more important to consider what kitchen looks are most desired by the typical home buyer. Your own tastes are no longer as important and you need to be abreast of the current fashions for kitchen renovations. Look at current kitchen design books and see which themes seem to be more common and in vogue when you are going to sell your home. Be sure to to keep the resale value in mind rather than your own idea of aesthetic beauty while you are remodeling your kitchen.
Finally be sure to communicate your plans to a contractor and tell them not only your plans for the home, but also your budget and what you want to accomplish. Discuss with a real estate agent and ask for suggestions from them regarding what home buyers look for when buying a home and the impact that these renovations can have on the ultimate price you fetch for your home.
Sometimes you need to take a different approach to a kitchen remodeling as U.S. The case when you are looking to sell the home shortly thereafter. Be cognizant of your desires and needs as well as how immediate the need for a remodeling is and how cheaply you can have it done. Of course consider the benefit to your home price as well as the inconvenience and ancillary costs of a kitchen remodeling before getting started with it.