Many homeowners choose to have a kitchen remodel done for improved aesthetics, function, and flow. However, there are some homeowners who get their kitchen renovated with the primary or sole goal of making their home more desirable to potential buyers and to get a return on investment (ROI).
No matter which homeowner you are, obtaining a return on your investment is always a bonus. In this article, we’ll discuss the ROI of getting kitchen remodeling services completed.
Small Kitchen Remodel: 70-85% ROI
Did you know smaller kitchen remodels often give you a greater return on investment than more luxurious remodels? While this doesn’t always stand true, it is true in many cases.
This is because smaller renovations typically focus on the essentials homeowners want, they’re faster to finish, and they’re more affordable, meaning you have less to recover when selling. For this reason, people looking to sell their home soon, who have a limited budget, or who are in a temporary living situation, often choose this remodel option.
The cost of a small kitchen remodel can range drastically from 0,000 to $30,000. They usually only involve cosmetic upgrades like refacing cabinetry, the installation of backsplash and fresh light fixtures, repainted walls, and new countertops.
Mid-Range Kitchen Remodel: 55-70% ROI
When you have more money to spend and plan to enjoy your kitchen for a while before selling, a mid-range kitchen renovation may be applicable. They can still offer a great return on your investment, but sometimes slightly less than a small remodel.
A mid-range kitchen remodel often costs between $30,000 and $70,000+. These renovations may involve the installation of a nicer countertop like granite or quartz, new flooring, minor layout changes, and the implementation of mid to upscale appliances for a more expensive look and feel.
Upscale Kitchen Remodel: 50-60% ROI
With a reduced ROI in many cases, a more expensive, upscale kitchen remodel is often best for those who’ve settled in their forever home, who are in a long-term living situation, have a luxury home they wish to sell, or who simply have the money to do so.
You can expect the costs of an upscale kitchen remodel to run between $70,000 and
30,000+. Upgrades you might expect in this level of renovation may include luxury appliances, premium countertops, smart lighting, custom cabinetry, and major layout changes, which may necessitate a complete gutting of your kitchen.
Improving Your ROI with a Remodeling Expert
Not every kitchen remodel is one and the same. Engaging in a DIY home remodel may not allow you to achieve the same ROI as you would if you turned to a renovation company. Getting a solid return on your investment requires the work of a professional.
Remodeling experts like Build BLVD can ensure you get the most return on your investment from a kitchen remodel. Our use of quality materials, expert craftsmanship, and strategic plans with your budget and investment potential in mind, we’ll amplify your kitchen in all the right ways.
Contact Build BLVD to get started on your kitchen renovation. We’re excited about the potential to work with you!
