Here’s Why Home Buyers and Sellers Love a Kitchen Remodel—and Where to Start
Kitchen renovations come in all shapes and sizes, but one thing’s for certain: They boost property value. Even if you don’t intend to sell your home in the next several months and simply want to make it more livable while you stay put for a while, return on investment (ROI) can be a helpful factor in determining which home improvement projects to tackle and when. With an estimated 71 percent ROI, according to the Remodeling 2022 Cost vs. Value Report, a kitchen remodel is worth prioritizing.
You don’t have to completely gut your existing space, remove load-bearing walls, or splurge on high-end fixtures, either, to reap ROI. Even modest kitchen updates such as refinishing existing cabinets or swapping out old appliances for new, more efficient models can improve a home’s aesthetic and functionality while you’re living in it, as well as increase its value whenever you choose to sell.