A New Kitchen, Can It Increase the Value of Your Home?
The two most important rooms in a house are the bathroom and the kitchen. When a person is deciding what they need to do to improve their home, they need to decide how they can get the best return on their investment. Some home renovation projects are not good for the overall value of the home. One example is building a pool. When you put in a pool, you limit the number of people who would look at your house and do not help the value despite spending a large amount of money. For the amount someone will spend on an in ground pool, they can renovate their kitchen. Doing this will almost always improve the value of the home, and many people see almost a total return on their investment if not more.
The key to making money through your kitchen renovation is to do it right. What is right depends on the home you live in. A person who owns a modest home should not overdo their kitchen renovation. People looking at other homes in the area might not be concerned if they have the top of the line appliances or what kind of stone is used in their counter-tops and will not want to pay extra for a home that has them. Pick a renovation that is reasonable for the homes in your neighborhood and do not go over the top.
Kitchen renovation projects can cost as little as a person wants or as much as they can spend. For a few hundred dollars a person can paint their cabinets, change out their hardware and their kitchen will have a brand new look. For people with a more extensive budget, a complete kitchen redo can cost over $100,000. For most people the number will come somewhere in between.
When choosing a new kitchen a person will look at four basic areas. Cabinets, counter-tops, floors and appliances are the four basic categories. Some people will be able to refinish their existing cabinets and just replace their counter-top. When looking at counter-tops there are man-made materials and different stones. The natural stones are more expensive. The newer man made materials sometimes look like a natural stone at the fraction of the cost. For flooring a person can choose many different products including tile, wood flooring, laminate and linoleum. Appliances are now more energy efficient than ever. The cost of these appliances is slightly more, but the money that is saved over the long term is worth the extra cost.
When choosing a kitchen a person has plenty of options. In order to get started the first thing that must be decided is the budget. Everything else will work off of that.…