Shopping Cart
Your Cart is Empty
Quantity:
Subtotal
Taxes
Shipping
Total
There was an error with PayPalClick here to try again
CelebrateThank you for your business!You should be receiving an order confirmation from Paypal shortly.Exit Shopping Cart

Industry News & Resources

Blog

Dave Ramsey: How Will A Kitchen Renovation Affect Your Home's Value?

Posted on August 31, 2013 at 1:19 PM
How Will A Kitchen Renovation Affect Your Home's Value?
 
 
If you want to spice things up with a stylish showpiece in your home, the kitchen is the hottest place to be. Homebuyers are willing to spend thousands of extra dollars for an updated kitchen. If you've got the budget, why not enjoy those bonuses in your own home right now?
 
Imposing Price Tag
Kitchen renovations are notoriously expensive. Remodeling magazine's Cost vs. Value Report 2013 says the cost to renovate a 200-square-foot kitchen with wood cabinets, an island, laminate countertops and a standard sink and faucet is about $54,000. That price also includes new appliances, lighting and flooring.

A gourmet kitchen with granite countertops, custom cabinets and a tile backsplash, along with built-in and commercial-grade appliances can nearly double that price tag to $107,000.
 
Low-Cost Alternatives to Renovating
If your budget isn't quite that generous or you're just looking to refresh the look of your kitchen, consider these ideas:
  • Paint or refinish your kitchen cabinets for a low budget and big impact.
  • A new tile backsplash only costs a few hundred dollars in materials and is a potential do-it-yourself project.
  • If your appliances are still in good shape but the colors are dated, get them painted at a local body shop.
  • Vinyl flooring has come a long way. You can find styles that mimic wood or slate for a modern look.
 
Pays Off When It's Time to Sell
When you're ready to sell your home, your updated kitchen will boost your home's value. Remodeling magazine estimates you'll recover 60–70% of the cost of your kitchen remodel.

A new kitchen will also grab potential buyers' attention. Not only are homebuyers willing to pay more for a home with new appliances, granite countertops and a kitchen island, but 51% of men and 62% of women said they would fall in love with a home that has a gourmet kitchen.
 
Stick to the Budget
The budget is essential to a successful kitchen remodel. Here are three budgeting tips to help keep you on track.
  • Commit to spending the bulk of your money on things you don't want to replace often—such as appliances and cabinetry.
  • Make sure you're not over-improving your kitchen. You won't be able to recover the costs of your updates, no matter how nice they are, if they make your home the most expensive on the block.
  • Set aside 10–15% of your budget for unexpected expenses. Renovations never cost less than expected.
 
Consult a Real Estate Professional
An experienced real estate agent can help you determine how much to spend on your kitchen renovation without overdoing it. And, when it's time to sell your home, your agent will also make the most of your home's standout feature to attract buyers and get a great price.

Categories: Dave Ramsey

Post a Comment

Oops!

Oops, you forgot something.

Oops!

The words you entered did not match the given text. Please try again.

14 Comments

Reply Handbags
1:12 AM on September 3, 2013 
Very well written, I hope next time can be good, thanks for sharing
Reply hiranandani group
6:59 AM on September 6, 2013 
HI,
It is very use full information.I really like your blog.
Reply At Last! You Can Have A Fabulous Kitchen Too
10:04 AM on September 27, 2013 
I just want to say I am just newbie to blogging and site-building and absolutely enjoyed your blog. Most likely I’m want to bookmark your blog post. You definitely have excellent blog content. Thanks for sharing with us your web site.
Reply Outfitting Outdoor Kitchen Cabinets
9:17 AM on October 19, 2013 
I really liked your blog. I’ve been looking around for some quality information, but I always used to end up finding a junk. I found yours content on Bing and I’ll surely be back soon to find some more excellent ideas. Thanks a lot for all the info.
Reply nj siding contractors
9:16 AM on October 29, 2013 
Yes Dave, I always agree with your statement that people want to expend lots of money to make a good looking kitchen because it's a vital part of entire home and that's why everybody should look forward to go a well known remodeling company. Thanks mate for your valuable post.
Reply china shop wholesale
1:26 AM on December 6, 2013 
Moreover, they are expecting higher level of professional services from sales staff, such as broad product knowledge and after-sales service quality.
Reply house for sale turkey
8:48 AM on December 19, 2013 
I found it quiet interesting blog Dave Ramsey: How Will A Kitchen Renovation Affect Your Home's Value? Thank you for posting the great content…I was looking for something like this…, hopefully you will keep posting such blogs…
Reply orange county real estate market
6:32 AM on January 10, 2014 
I agree with each and every conclusions made on this topic Industry News & Resources.It is really very informative.Thanks for sharing.
Reply Nagpur Real Estate Projects
9:08 AM on January 18, 2014 
This is really a nice and informative, containing all information and also has a great impact on the new technology. Very informative post thanks for share this with us I highly appreciate you for this information. Thanks for sharing it.
Reply `homes for sale in los angeles
9:36 PM on February 4, 2014 
I agree with each and every conclusions made on Dave Ramsey: How Will A Kitchen Renovation Affect Your Home's Value?. It is really very informative. Thanks for sharing.
Reply Free kitchen remodeling now
11:10 AM on February 12, 2014 
Easily, the post is actually the best on this deserving topic. I fit in with your conclusions and will eagerly look forward to your upcoming updates. Just saying thanks will not just be sufficient, for the extraordinary lucidity in your writing. I will at once grab your rss feed to stay privy of any updates. Delightful work and much success in your business efforts!
Reply immobilienmakler münchen
12:05 PM on April 5, 2014 
Very informative and just fantastic! I was looking for the related information. Thanks a lot, this post is very useful for me. Thank you for the nice post keep it up, and i hope you will share more informative post,
Reply bond back cleaning melbourne
10:42 AM on April 22, 2014 
I like the writing style. It is just perfect. The blog post is very connective and attractive. All the information I found in post is very useful. Thanks a lot.
Reply
6:22 AM on June 23, 2014 
I think other site proprietors should take this web site as an model, very clean and wonderful user friendly style and design, let alone the content. You're an expert in this topic!
0