Kitchen Remodeling Is a Good Investment
Is remodeling your kitchen really worth it? Let’s just consider one element of a kitchen remodel at the moment: your kitchen cabinets. When reviewing homes, people are looking for storage. Kitchen and bathrooms are highly used areas in the home. Upgrading cabinets are a beneficial way to increase home value. New tile or hardwood flooring and marble counter-tops? Oh yes! They help too. New appliances are a purchaser’s dream, not to mention a luxury to use while you are living in the house. The benefits of a kitchen remodel are endless, with a huge return on investment at the end.
Still unsure? Take a moment to see what the National Association of the Remodeling Industry has to say about smart remodeling projects, like kitchen and bathroom, in their press release:
Smart Remodeling Adds Value to Your Home
The National Association of the Remodeling Industry (NARI) offers homeowners a few words of advice for getting the most value out of your remodeling investment.
More Americans are staying in their homes rather than moving. According to Fannie Mae’s National Housing Survey released in November 2010, 85 percent of the general population believed it was a bad time to sell their home. There’s a lot more to be gained through remodeling besides increased functionality, new appliances, efficient systems, updated décor, additional space or the pure enjoyment of making your home your own. There’s also the increased value your home receives when you make improvements.
With so many options available today, NARI offers a few considerations for homeowners who want to get the most out of their remodels.
• Curb appeal goes a long way. Exterior home improvements such as roofing, siding, windows and doors are subject to the elements and usually need to be replaced after a number of years. In terms of re-sale value, updated exteriors give sellers an edge over buyers who are attracted to your home before entering.
• According to Energy Star, half of a home’s energy use is dedicated to heating and cooling. If a system is more than 10 years old, it may be time to replace it. New, energy-efficient systems are not only more cost-effective but are also better quality.
• All homes benefit from increased insulation and sealing, regardless of climate. Older homes are traditionally under-insulated compared to new homes. And recent insulation innovations like spray foam or cellulose increase the ability to trap air inside. Proper insulation evens temperature flows, reduces energy use and has long-term benefits.
• Kitchen and bath renovations are still popular—and for good reason. Homeowners continue to see the value in updating areas of the home that are used frequently and are high functioning. Universal design concepts are commonly incorporated into kitchen and bath areas to accommodate people of all sizes and abilities and conveniences for long-term residents.
Most homeowners can handle routine maintenance projects and cosmetic touch-ups, but it’s recommended they consult with qualified professionals for larger remodeling jobs and major changes to the home’s structure.
Homeowners that need to make several updates to their homes but cannot afford a complete overhaul may be interested in phased remodeling. In this instance, remodeling projects are broken into phases over time, for a long-term project plan. This also lessens the burden of remodeling to the homeowner as they remain in the home as work is being done.
NARI members represent a select group from the approximately 800,000 companies and individuals in the U.S. identifying themselves as professional remodelers. NARI is a professional association whose members voluntarily subscribe to a strict code of ethics.
Source: National Association of the Remodeling Industry