Kitchens are a place of sustenance and sociability. Food, family, and friends mingle to create a winning combination. So it makes perfect sense that remodels are so often geared toward the kitchen. But what about thinking of your kitchen in the long-term sense, in terms of investment and return? Will your kitchen remodel projects be a positive contribution to your home’s value or will they erode that value?
To maximize the financial return on your kitchen remodels, keep the basics in mind and avoid trends. Trends are fun, but buyers are more informed than ever and place greater importance on solid elements like counters, cabinets, and good lighting.
One thing to remember is that high-cost kitchen remodels don’t automatically translate to high returns. Even though buyers may hold your remodels in high regard, your initial investment might prove to be so much that they can be difficult to pay it off.
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