Give Your Kitchen an Easy Facelift
The housing collapse hit this country hard, and the effects are still being felt. As the country slowly recovers, many people who would have otherwise purchased new homes are being a little more circumspect, and opting to upgrade their current homes instead. The logic is, by the time they decide they’re finally ready to sell, the market will have rebounded even further, and their remodeling project will add to the home’s value.
One of the easiest solutions people are finding to increase the value of their homes (and make them more functional and enjoyable to use in the meantime) is kitchen remodeling. Even something as simple as some new kitchen flooring ideas can dramatically increase the overall value of a home. According to a recent study by Remodeling magazine, even minor kitchen remodeling projects can show a 78% ROI when it comes time to sell.
But beyond recouping the average cost to remodel a kitchen, a project like refacing your kitchen cabinetry can make your home more livable. And new kitchen flooring ideas combined with countertop replacement can dramatically alter the look and feel of your entire kitchen with relatively minimum effort, considering the value it can add.
The addition of energy efficient appliances and modifications can also have an effect on your home’s value, both now and when it comes time to sell. Not only will you save money on your current energy bills — averaging up to 30% — but remodeling for energy efficiency is one of the few ways you can receive tax breaks, incentives, or rebates based on a renovation project.
The Joint Center for Housing Studies (Harvard University) predicts that by 2015, we’ll have seen a 40% increase in the amount of discretionary home renovation projects since 2005. Given these figures, it’s very nearly a necessity to make sure your kitchen is up-to-date and energy efficient, if you hope to compete other home sellers in the future. Continue.