by Rick Delgado
on Wednesday, January 26th, 2022 at 7:39am.
When to Remodel Your Kitchen
Remodeling your kitchen can be a big and sometimes expensive decision. Upgrading a mid-level kitchen costs an average of $15,000-$25,000 (be aware that remodeling usually involves significantly changing layout such as cabinet type and placement, not just upgrades). A top-tier upgrade is likely to cost closer to the $45,000-$50,000 range.
Such a significant investment begs the question as to the value you’ll recoup from your remodel. Certainly, there are factors of a kitchen that induce buyers to invest more in a sales bid, such as energy efficiency, eat-in spaces, and ample cabinet storage, but there are other intrinsic factors that might be more appealing to those who aren’t looking to sell.
In fact, most realtors don’t advise a remodel simply for resale value as sellers are likely to only recoup about 60% of the cost. But there are better (and sometimes more pressing) reasons to consider upgrading your kitchen. Considering the amount of time most of us spend in our kitchens, it may come as no surprise that the National Association of the Remodeling Industry reveals that of those who remodel their kitchens, “81 percent want to be home more and 76 percent enjoy their home more.” So how can you decide if you're ready to take that step?
Reasons to Remodel
Wear and tear: Take a look around. Is your flooring chipped? Is finish coming off your cabinetry? Are those countertops stained and scratched? Most homeowners remodel their kitchens every 10-15 years, and signs of wear may be a signal that you have reached the end of your kitchen’s lifespan.
Too little space: Counter space is crucial for food preparation and nobody likes to cook in an area where you keep bumping into each other. If this sounds like you, then it may be time for a redesign that allows ease of movement and that provides plenty of counter space for getting your cooking done.
You need more storage: If you are an avid chef, you’ll find your kitchen quickly fills with pans, cutlery, gadgets, and dinnerware. It seems like storage in kitchens is often an issue and upgrading cabinetry can be the perfect way to give yourself more room for that sous vide bath you’ve been dreaming of.
Your appliances are worn: Kitchen appliances have a lifespan of 8-10 years. If you are starting to notice signs of wear and malfunction, this might be the opportunity to not only replace appliances but also to shape new spaces that either give you more room or allow for an upgrade to the stove or fridge you’ve always wanted.
You have the budget: Whether you come into a windfall or you’re an empty nester who suddenly finds extra money available, now may be the time to invest in that dream kitchen that makes you smile each morning as you pour that first cup of coffee.
When You Decide to Remodel
Once you decide to move ahead with remodeling, there are a few things that will make later changes easier and resale value more likely.
Countertops and backsplashes are harder to replace so choose neutral colors that can suit a variety of decors. You can use accent colors in spaces where they can be easily changed.
Your kitchen should reflect the overall aesthetic of your home.
Quality is worth it. If you’re making the investment, then go for quality materials. Solid wood cabinets, for example, are more likely to increase resale value (and last longer) than particle board cabinetry.
Choose your contractor wisely. It’s always okay and worth it to ask lots of questions and to request references. If you feel hesitation, you’re better off waiting until you find a contractor who makes you feel at ease, is recommended for quality work and keeps you apprised of costs and changes.