Kitchen Remodel ROI & Remodeling with Investment in Mind (Part 1)
You want a new kitchen! A beautiful, functional kitchen that you and your family will love. But is the money to remodel worth the value you’ll get out of your home if you decide to sell? What would your ROI (return on investment) be if you remodel and then move?
A kitchen is one of the first rooms a potential homeowner looks at when buying a home. So a well-maintained, updated kitchen is a big part of a home’s value. How big exactly?
Pretty big according to this respected online remodeling resource: In their 2016 Cost-vs-Value report they share that a homeowner remodeling a kitchen in the Richmond -Tidewater area should expect to recoup 72-76% of their investment. Dollars well spent! In comparison, the surrounding South Atlantic area boasted a smaller but still impressive value of 62-65% ROI on their kitchen remodel.
So how do you design a kitchen that you will love while still getting the most for your money if you decide to sell? Stay tuned for our next post and we’ll share how!
Get remodeling! Connect with us here at Riverview Contracting to start talking about your new kitchen today. Serving the Northern Neck Area, including Northumberland, Lancaster, and Northumberland Counties and the Middle Peninsula.