80% of potential buyers put the kitchen at the top of their list when it comes to what they are wanting in a new home. Because of this the kitchen significantly impacts a home’s value. Here is a quick breakdown of the numbers:
How Much Does A Kitchen Remodel Cost On Average?
One of the biggest hindrances to remodeling is the cost, and understandably so. The cost of a kitchen remodel can add up quickly.
When it comes to high end kitchens with premium materials such as new custom cabinets, granite countertops, commercial grade appliances, and tile backsplashes, you can expect to pay around $126,000 and up.
The good new is that there are actually a few ways you can save a significant amount of money on your remodel. Begin with the areas that have the most impact such as appliances, flooring, and renewing existing cabinets. The average cost could drop to just $5,000-$21,000.
It may not cost you as much as you originally thought to transform your kitchen. Doing something as simple as just changing the color of your kitchen cabinets can make a dramatic impact for a price that fits within your budget.
Ways To Save On Your Kitchen Remodel
Begin by creating a plan that highlights your priorities in the areas that make the biggest difference, such as kitchen cabinets. By doing this you can enjoy a significant transformation without the massive price tag.
You may think the next step is to completely get rid of your old cabinets, but instead consider upgrading your current cabinets with a new custom finish or refacing your cabinet fronts, keeping their inner structure intact.
The Impact A Kitchen Renovation Has On Your Home’s Value
Buyers are willing to pay more for an updated kitchen so it is worth the price you pay for the renovation. This can also make a positive impact on you and your family for the time you have left in your home.
Out of the homeowners who remodeled their kitchens in the year 202 33% reported they lived a healthier lifestyle after the remodel, 41% said they cooked at home more, and nearly 50% said they enjoyed more family time.
The return on investment for your own kitchen remodel will vary depending on your property and local market, but the encouraging news is, even smaller kitchen remodel projects typically yield an ROI of about 81%.
Kitchen Remodel In Draper, Utah
Simply changing your cabinet color can make a significant impact on the value of your home. N-Hance of South Salt Lake & Utah County can help with our variety of kitchen cabinet refinishing services in your area.