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What Is The ROI On Kitchen Remodels?

What Is The ROI On Kitchen Remodels?

When you’re unsure whether to renovate your kitchen, it’s important to consider the return on investment (ROI). You want to revamp your space, but will it actually benefit you in the long-run, beyond the aesthetic advantages? It’s argued that kitchens and bathrooms are the best rooms to invest in when considering home improvements, as these are the spaces new home buyers look at when deciding whether to buy. But is it really worth it to remodel your kitchen?

Style Is Important

According to Remax, it is said that the ROI on kitchen renovations is typically around 75-100%, though this can be impacted by outside factors such as where you live, how much you spend, and what your style is. Neutral, clean-looking designs are going to have a much higher ROI in the long-run than a garish style that only appeals to one eccentric homeowner’s tastes. 

Surrounding Houses

When it comes to selling your property, there are, of course, many factors that come into play. Not only is the size and style of your home considered, but the location and the value of the homes around you is, too. One way to stand out amongst other houses in the same area is to improve upon your kitchen space. If it is unique and up-to-date, it will not only welcome new buyers into the space, but will drive up the cost of your home overall compared to others nearby. 

Quality Match The Rest of Your Home

When it comes to deciding if your kitchen remodel will be worth the investment, it’s important to make sure that the upgrade matches the quality of the rest of your home. There’s no point having a brand new kitchen if other areas of the home are run down; it just doesn’t make sense. Prioritize kitchens and bathrooms, but don’t neglect your other areas, too. Remember, a lick of paint can do wonders to areas you’re not quite ready to renovate. 

Time Your Remodel Well

If you’re spending money on a remodel, you want to be able to have time to enjoy it. After all, you’re designing it the way you like to create a space you love to spend time in. However, it’s important to keep in mind when you may want to sell. If you have long-term plans to stay in your home, then the ROI may be impacted upon selling since the remodel won’t be as new or up-to-date as it once was. 

Remodelling your kitchen can be very beneficial, and who doesn’t love a fancy kitchen design suited to their aesthetic? Glenbrook Remodeling knows how to style your space to not only make it more appealing to you, but also to increase your home value for future resales. If you’re based in Chicago, reach out to us for a quote to discuss your kitchen remodeling needs.

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