Does Kitchen Remodeling Add Value for Rhode Island Homes?

There are many reasons to schedule Rhode Island kitchen remodeling for your home! One reason to schedule a renovation is that older kitchens tend to lack storage. Two, damaged and scratched materials often hold germs and bacteria, creating unsafe surfaces for food prep. Above all, a kitchen remodel can mean a stunning style you love!

However, some homeowners wonder if Rhode Island kitchen remodeling adds value to their property. The good news is that a kitchen redo is often the most valuable project you can take on! To find out what that means, check out some information about kitchen renovations and their average return on your investment.

Is Remodeling a Kitchen Worth It?

Rhode Island kitchen remodeling offers many benefits beyond financial! Remember that the home’s kitchen is probably the one space that everyone in the family uses every day. In turn, it should offer adequate storage and room for foot traffic. A kitchen should also be roomy enough to house all the appliances you need for convenient and enjoyable food prep.

In addition to added convenience and improved function in the space, Rhode Island kitchen remodeling also adds value to your home. Homeowners can usually expect to earn back anywhere from 50% to over 80% of their renovation costs in terms of increased property values.

Also, remember that increased property values mean nothing if your home doesn’t attract potential buyers in the first place. A stunning kitchen design or renovation that includes ample storage might attract more buyers and, in turn, higher offers! Consequently, you’ll enjoy the highest return on your investment when you ensure a beautiful as well as high-quality kitchen renovation.

What Adds the Most Value to a Kitchen Remodel?

If you want to ensure that your Rhode Island kitchen remodeling project adds value to a home, it’s vital that you choose planned changes carefully. Not every update adds value, at least not equally! Check out some changes to consider when planning a renovation that will add value back to your property:

  • Update your kitchen cabinets. You don’t necessarily need to replace older cabinets, as refacing or refinishing their fronts can offer a stunning new look for very little money.
  • Update the countertops! Outdated countertops are often unsightly and can also hold germs and bacteria in their surface scratches.
  • A new backsplash improves the kitchen’s appearance while also protecting its walls from airborne food debris. An updated backsplash can also change the look of your entire kitchen!
  • New kitchen appliances make food prep and cooking easier and update the appearance of the space.

In addition to these changes, don’t overlook the need for updated lighting, flooring, and paint color. These might not add as much value as the changes mentioned above but they can still create a stunning kitchen appearance and more functional space.

Is It Worth Upgrading a Kitchen Before Selling?

There are many reasons to consider updating a kitchen before selling a home! Remember that homebuyers want “turnkey” homes, meaning they can just turn the key after buying. Moving is often stressful enough; buyers don’t want to then worry about planning major updates.

Also, consider that buyers might tend to ignore unsightly homes, and put them last on their list of prospective purchases. Consequently, an outdated kitchen can turn off potential buyers no matter its size or condition! On the other hand, homes with updated kitchens often attract buyers who want a house that’s functional and attractive.

Above all, an outdated kitchen might make buyers wonder if you’ve neglected your entire house! They might assume there are structural issues or other changes needed right after moving on. In turn, consider updating your kitchen even if you’re thinking of selling your home.

What Percent of a Rhode Island Home’s Value Should Be Spent on a Kitchen Remodel?

A homeowner might spend between 5% and 15% of their home’s value on a kitchen remodel in RI. In other words, spend $5000 to $15,000 for every $100,000 your home is worth. However, don’t assume that you need to spend this much money on a kitchen renovation to see a healthy return on your investment! Note a few tips on reducing your renovation expenses without sacrificing style or quality:

  • Look for engineered stone countertop materials. For example, quartz offers a stunning, durable surface for less cost than granite or marble.
  • Reface or refinish cabinets if they’re in good condition, rather than replacing them.
  • Peel-and-stick tile is excellent for application over existing tile. Consequently, you can save money on a tear-out, grout, and other flooring costs.
  • Don’t sacrifice quality when it comes to appliances, but don’t overspend on all the “bells and whistles” either! Smart appliances with lots of extra features might not offer much return according to their cost.
  • In the same way, don’t overdo it with a new faucet and sink. A basic faucet and roomy stainless-steel sink can be attractive to homebuyers, offering a healthy financial return without added costs.