As anyone still holding on to a Beanie Baby collection will tell you, not all investments are created equal. What might come as a surprise for some, is that the same is true about investments in your home. For example, did you know that from an investment perspective, adding square footage below ground, by say, finishing off your basement, will not be worth as much as your home’s above-ground square footage? Now, does that mean you shouldn’t finish off your basement? Of course not.
The vast majority of home improvement projects will still improve your home’s resale value. But, just like in any investment, it’s important to go into home projects with eyes wide open and a good understanding of what you’re putting in, vs. what you’re likely to get out.
If you’ve been following this series, chances are there’s (at least) a part of you strongly considering making the move on your own kitchen remodel in the near future. Well here’s the good news: A (well planned) kitchen remodel is proven to be a cost-effective choice that produces a great ROI. There it is, that’s the bottom line; the golden ticket.
Of course, that’s just factoring price. Beyond that, a modern, upgraded kitchen also adds major buyer interest. It’s one of the most highly sought after home upgrades and will undoubtedly be a huge selling point, all of which means that your home is going to sell quicker when it's time to make a move. And more good news… you get to love it yourself for as long as you own your home.
So, let’s talk brass tacks. What does a well-planned kitchen remodel actually involve, and what are the top aspects that will directly impact your home’s resale value?
Function & Flow: Meaning, is your kitchen easily accessible and navigational? Is the space utilized well? Is there adequate storage? Does it feel clean and uncluttered?
Openness: Is your kitchen a welcoming open area? Does it feel inviting and hospitable? Do people want to spend time there?
Cabinets: After getting an overall feel of the kitchen and its relation to the home, cabinets are the first place a potential buyer looks. Do they extend to the ceiling? Do they have soft-close doors and drawers? Have they been replaced? If not, have they at least been refinished? How old is the hardware? Buyers use cabinets as a gauge for how they view, not just the kitchen, but the home overall.
Counters: Countertops are the second place a potential buyer looks. Are your countertops a solid surface, like natural stone, granite, quartz, or glass? Are they clean and free of stains and blemishes? Do they look like they’re from the Seventies?
Overall Aesthetic: A kitchen is the sum of its parts. So, how do all these parts get along? Cabinets and counters, flooring, lighting and appliances; do they all work together to produce a modern and eye-catching space?
It may seem like a lot, but nailing these aspects with your remodel is your ticket to serious curb appeal and getting the most bang for your buck. The Design Team at Mullet Cabinet will be happy to answer any questions you may have about the financial aspects of a kitchen remodel and what that can mean for the bottom-line of your home’s value.
Come back next week where we’ll be wrapping up the series and talking about next steps and how to get the ball rolling on creating the kitchen of your dreams. Until then, please feel free to take a tour of some of our favorite kitchen designs on Mullet at Houzz.
See you again soon.