In today’s real estate market, one of the most common adages is that kitchens sell homes. That may have not been the cases 10 to 15 years ago, but today, a kitchen space in a home can often make or break a sale. For that reason, if a homeowner is looking to put their house on the market or they are considering relocating in the near future, it would be wise to look at the shape of their kitchen.
A Large Kitchen is Not Enough
Today, it’s not enough to have a large kitchen space. That is part of the equation, but it’s not the only important thing by a long shot. These days, a kitchen will need to be large and it must look updated. If the kitchen is ample in size, but is lacking in aesthetics, it may be a good candidate for a kitchen makeover.
When Money Isn’t an Option
The thing that needs to be kept in mind is the return a homeowner gets for the money they spend remodeling when making over their kitchen. A homeowner can spend virtually any amount of money they wish on their kitchen. In some instances, when the resale value of the home isn’t important or a person is assured they will never move out of their home, there are no practical considerations in keeping a tight reign on a kitchen renovation budget.
Money Spent Versus Value Gained
Most people, especially those needing to make over their kitchen, will need to weigh the improvement of home value as it relates to the money spent on a kitchen. A person can easily spend $30K or more completely renovating a kitchen. However, if the renovation fails to raise the value of the home beyond the renovation expenses, it will be a loss of money.
While money isn’t always the only thing to consider when renovating a home, there are times where it will weight heavily on what sort of remodeling project you undertake. However, whether you are making over a kitchen to sell you’re home or you just want the best kitchen possible, being responsible with the money that is spent for this renovation is important no matter what your motives are.