One of the best ways to increase the value of your home is by remodeling your kitchen. Remodeling a kitchen is one of the highest returns on investment and can increase the value of your home to buyers in today’s competitive market.
Portland has become an incredible place for people to live and work and as such, there is a high demand for housing in the metro area. Many people view kitchen remodels as an opportunity to increase their living space because it allows you to make changes that will streamline how you live now; which in turn provides better enjoyment for those who live there after the renovation.
Remodeling your kitchen typically increases the resale value of your property significantly. The reason that a kitchen remodel can have such a large impact on home sales is that many buyers are looking for kitchens that have been recently updated. Overall, kitchen renovations are one of the most cost-effective ways to increase the value of your home.
When you consider all of the potential costs for repairing and updating your kitchen, it’s easy to see why this project represents an effective way to increase home equity. Remodeling your kitchen also adds immediate pleasure to everyday use. This means you’ll enjoy additional benefits now, even if you don’t plan to sell soon. For example, quartz countertops offer beauty and durability at affordable prices, so they’re a popular option for a kitchen remodel. In addition to adding value to your home, kitchen remodeling is a way for you to enjoy the benefits of a kitchen that meets your needs and your tastes.
If you’re thinking about doing a kitchen remodel, then chances are good that you already have an idea in mind. If so, then go for it! You’ll be surprised at how quickly a kitchen renovation can increase property value.
One of the most popular kitchen renovations is granite countertops; which help make kitchens look clean and elegant while also standing up well over time. Other popular kitchen remodels involve increasing seating in breakfast nooks or even converting them into small dining areas.
Whatever type of kitchen renovation you choose, keep in mind that kitchen renovations generally increase your property value. That means the more you renovate, the more you can grow the value of your home and your neighborhood.
The kitchen is one of the most important rooms in a home, and many homeowners decide to do kitchen renovations when they decide to sell their homes. Whether you’re going for a complete kitchen remodel, or looking to simply add some updates, kitchen renovations can be done at different levels.
According to the 2021 Cost vs. Value report, a minor kitchen remodel includes replacing cabinet and drawer fronts, sinks, countertops, flooring, some appliances, and painting and trimming. This type of remodel sets Portland citizens back, on average, about $27,000.
Completing a major remodel includes custom cabinetry, nice countertops, high-end sinks, fixtures, all-new energy-efficient appliances, new flooring, paint, and trimming. The average cost for this in Portland is approximately $80,000.
An upscale remodel includes you basically replacing everything with high-end, built-in features, and adding luxuries like under cabinet lighting, stone countertops, and custom everything. In Portland, these remodeling projects generally cost around $155,000.
After looking at these costs, if you’re still in the market for a Portland kitchen remodel and wondering what it will cost, contact your local construction experts at RUPP Family Builders today! They are a locally-owned, family-run business, and they know everything there is to know about remodel projects. They do more than just kitchen remodeling, too. They are your full-service home renovation provider for the Portland area. They can do a master bathroom remodel, basement remodel and basement finishing, laundry room upgrade, dining room overhaul, or just new cabinets or some work in your guest bathroom. They focus on building relationships so they can be your go-to remodeling contractors for life.
A kitchen remodel is something that everyone has to eventually face, but kitchen renovations can be costly. It’s important to keep in mind that across the country, kitchen renovations are on the rise.
On average in the Pacific region, a major kitchen remodel costs $82,000. On average throughout the country, a major kitchen remodel costs $76,000. Clearly, the Pacific region, and Portland, in particular, are more expensive than the national and regional averages.
That being said, a kitchen remodeling project may still be worth it for you. And, since every home is in a different condition, your prices may be lower than this if you shop around and are intentional about the changes and improvements you make.
The kitchen is a busy room, so it’s important to have an efficient space that offers plenty of storage options for all types of kitchen tools and appliances. While minor kitchen renovations might increase property value, major kitchen renovations tend to attract buyers looking for more luxurious features such as high-end countertops or fancy backsplashes.
In today’s hyper-competitive real estate market, a kitchen remodel may be something to consider to compete with other sellers out there. The tide has shifted, and with rapidly-advancing increases in smart home technology, energy-efficient appliances, and an emphasis on buying quality, buyers expect a certain level of comfort and luxury.
Millennials are your main market, and with skyrocketing home prices, they want as much bang for their buck as they can get. Interest rates may be low now, but that likely won’t last forever, and when they start to rise, people will be pickier about the home they choose to purchase. Make sure yours stands out among the rest if you’re planning to sell in the near future.
If you need help getting started on your kitchen remodel, bath remodel, or any other remodel project, or simply want to talk to someone about the remodeling process, and what you can get for your budget, contact RUPP Family Builders and get an estimate today. Their experienced, professional team and on-site interior designers will do an amazing job putting together the perfect plan for you! RUPP Family Builders services Portland, Oregon, West Linn, Happy Valley, Lake Oswego, and the surrounding areas.
Remodeling your kitchen could bring great value to your home, your neighborhood, or your bank account if you choose to sell. It can also make living life easier and more enjoyable by creating more space in your home and making cooking and being in the kitchen a more comfortable and luxurious experience. If you’ve been wanting a new kitchen, start now! The sooner you start, the sooner you can enjoy it!
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