What’s one of the most important spaces to a potential homebuyer? The kitchen. 43% of people remodel a kitchen because “they could no longer stand the old kitchen.” The main reason people must wait to remodel their kitchen is due to financial reasons. 40% of people wish they could remodel their kitchens once they buy their home but must wait until they are financially ready (2017 Houzz study). Due to the high financial cost of a remodel, how do homeowners know if the remodel will really add value to their house?
When buyers are looking at homes, they are looking at the style of the house first. Is the house modern and updated? It shouldn’t come as a surprise that they look for high end furnishings and upgrades. 80% of potential homebuyers put the kitchen in their top three most important spaces in a new home. On top of that, 69% of people say they would pay more for new appliances and 55% say they would pay more for granite countertops (Home Features Survey, 2013).
So.. kitchens are one of the most important rooms to homebuyers! They would pay more for high end appliances and would pay more for countertops. Remodeling a kitchen as a homeowner can definitely pay off if you are looking to sell your home!
Tips for keeping your remodel affordable:
1. Countertops don’t have to be granite.
a. There are many nice countertops that look like granite but are cheaper.
2. Rather than buy new cabinets, just refurbish the cabinets you have.
a. Paint the cabinets.
b. Buy new hardware for the cabinets.
3. Put thought into the backsplash.
a. A backsplash is something that can be upgraded for cheap AND can also have a big effect on the
look of the kitchen.
4. Research flooring options.
a. Real hardwood floors can be very expensive. Looking at different flooring options; vinyl, tile, etc. can give you more bang for your buck.
Interested in receiving a free quote? Contact Kuhlman Builders today!