Is a Kitchen Remodel Worth It?February 7th, 2023 | by Hunter Logan
Kitchen remodels are some of the most popular home improvement projects for homeowners. There are many reasons to want a facelift in your cooking or dining space, but is it worth it?
All remodeling projects cost money, but that isn’t the only consideration. When you set out to redo your kitchen, you want a good return on your investment. That means different things to different people.
Let’s take a look at a few ways that redoing your kitchen impacts your home.
Increased Home Value
Plain and simple, updating your kitchen adds value to your home. RE/MAX Canada estimates that a kitchen remodel has a whopping 75%-100% return on investment when you sell your home.
A minor remodel does not involve changing the floor plan or moving walls. This makes a lot of sense if you’re planning to redo your kitchen before selling your house.
Your kitchen remodelers will help you decide which elements to change. You may get new cabinet fronts, hardware, upgraded appliances, or flooring. You and your team can choose the most worn or dated items.
Keep in mind that home improvement rarely, if ever, pays for itself entirely in increased home value. But it does make your home more likely to receive attention from potential buyers. An outdated kitchen can end a home sale before it begins.
Most of you remodel your kitchens with no intention of selling your homes. Your goal is to make your space fit your lifestyle.
You may need room for a kitchen table, a built-in breakfast nook, or more counter space. Some kitchens don’t have a good sense of flow, making it hard for cooks to move around comfortably.
You can achieve increased functionality from minor changes to a complete renovation. The benefit is having a kitchen that works with you, making time spent there more productive and enjoyable.
Upgrading or redoing your kitchen to suit your tastes and needs has a particular type of return on your investment. In the U.S., the National Association of Realtors calls this return a Joy Score.
A Joy Score is a scale from 1 to 10 that measures homeowner satisfaction with home improvement projects. Their surveys give kitchen renovations a top score of 10.
People who redo their kitchens enjoy their homes more and want to spend more time in them. The kitchen is often a central gathering place for your family. It even attracts friends when you entertain. Having a space that looks and feels good makes it the heart of your home.
The best way to achieve that perfect Joy Score is to consult a knowledgeable professional. Find a construction company in BC that will work with you to make the right changes to your kitchen.
Redoing your kitchen is worth it. The greater enjoyment of your home outweighs the money you invest and the inconvenience of any construction. Increasing your home value is the icing on the cake.