The kitchen is widely considered to be the most important part of any property, so it makes sense that renovating your kitchen could significantly increase the value of your home. The question is: by how much? There are a number of other questions to take into consideration when deciding whether a kitchen renovation in Oshawa is right for you. Let The Kitchen Studioís renovation specialists guide you through the process.
When discussing value, itís important to determine exactly what we mean. While you might not see a profit on the total amount invested in the renovation, major and minor kitchen renovations make houses hugely attractive to prospective buyers. According to the Appraisal Institute of Canada, you can expect a return on investment between 75% and 100% on major kitchen renovations. In the end, the total increase in value will depend on the housing market as a whole. But as a rule of thumb, a new kitchen will make your home more valuable and attractive to potential buyers, which will ultimately result in a quicker sale.
Renovations on a Budget
A full kitchen remodel cost varies depending on the size of your kitchen, the quality of materials and your layout design. Kitchen renovation can be an expensive project. If youíre not in a position to commit such a large amount at once, sometimes itís worth waiting until you are. However, if youíre set on going ahead with partial renovations, there are a few minor upgrades you can make that will increase the overall value of your home. Here are some areas to focus on when deciding on a minor kitchen renovation:
High-end appliances: the right appliances have a way of making a home feel fancier than it really is. These can do wonders to increase the value of your home with minimal effort.
Expanding your space: space is single most coveted commodity when it comes to remodelling your kitchen. If all you do this year is add square footage to your kitchen, expect a nice return on investment when it comes time to put the house on the market.
Introducing a neutral colour palette: this might seem like a downgrade, but it isnít. Itís nice to stay on trend, but the simple fact is that as time goes on, tastes change. Introducing a neutral colour palette is the perfect way to keep your kitchen current and will help it withstand the test of time.
When it comes time to renovating your home, leave it to the professionals. Visit our website today and for more information about renovating your kitchen in Oshawa. For more information regarding kitchen remodelling, countertops or closet and cabinet design, give us a call!