Kitchen remodeling increases the value of your home
FirstStar Construction provides professional design for your kitchen, with your needs as a guide. We specialize in maximizing the beauty and effectiveness of small kitchens as well as enlarging and modernizing any kitchen. We have exclusive sources for custom cabinets and all of the latest surfaces, lighting and appliances.
When it comes to resale, real estate professionals point out that the kitchen is usually a deal maker or breaker. The most valuable investment in a home is a remodel of the kitchen, followed closely by bathroom renovations. When house hunting, if the kitchen needs work, potential home buyers will walk away or deeply discount their purchase offer.
How much should a kitchen remodel be? How much of an investment makes sense? The budget should take into account how long you plan to remain in your house. If it is less than five years, make materials and appliance selections that are more moderately priced. However, if you are planning on staying for more than five years, selections can be made to give you the most enjoyment for years to come.
Don't try to outdo the Joneses. Check out the home values in your neighborhood. If you over invest in your home, but the neighborhood can't sustain that value, you won't recoup it when it comes time to sell. On the other had, if you love your neighborhood and plan to stay, turn your home into one you can love for a long time: do what you can afford.
After considering these variables apply our recommended 10% of your home's worth for a kitchen remodel. If your home is worth $750,000 and you plan on selling in less than five years, $75,000 is a reasonable figure for a major kitchen remodel. If you are planning on staying for more than five years, 15% is a good investment.
Remember that the money you invest in your home increases your home's value, and has the immediate benefit of providing you the living space you can enjoy for years to come.
