Kitchen Update For Resale Value
Updating an outdated kitchen with fresh new cabinets, appliances, countertops, and fixtures is always a safe bet when expecting a nice return on your investment. When planning your kitchen remodel be sure that your own design aesthetic is not jeopardizing the potential return on investment. It’s best to have a balance of personal taste and popular style in your selections.
Cost vs. Value
According to the Remodeling 2015 Cost vs. Value Report (www. costvsvalue.com), about 67% of the cost is recouped in resale in a major remodel for a midrange kitchen*. This includes semi custom wood cabinets with island, laminate counters, standard double tub sink & faucet, wall oven, cooktop, microwave, dishwasher, garbage disposal, lighting, ventilation, flooring, and painting. If your budget is a concern, kitchen remodeling is considered to be a wise investment for future resale.
*© 2015 Hanley Wood, LLC. Complete data from the Remodel- ing 2015 Cost vs. Value Report can be downloaded free at www. costvsvalue.com.