Kitchen remodeling is consistently one of the top two home remodeling projects next to bathroom remodeling. One of the many reasons for this is that remodeling your kitchen offers great potential for your return on investment. According to Remodeling Magazine, a major kitchen remodel stands to recoup 74.2% of the costs that went into it. A minor kitchen remodel does even better at 82.7%, which is great news for homeowners looking to make a smaller commitment. Of course, as a homeowner, you have to take the right steps to achieve these numbers if you’re interested in maximizing your return on investment. Keep the following tips in mind when remodeling your kitchen for the best return on your investment.
Kitchen Remodeling for the Best Return on Investment
Take the Time to Plan
Rome wasn’t built in a day, and you can’t plan a kitchen remodel in a short time period either. You should spend about 6 months planning your kitchen remodel. This does several things. First, in six months you’ll be able to nail down exactly what you want out of your kitchen, which reduces the chances you’ll change your mind during construction. You can also choose the fixtures and materials you want beforehand so you can get more accurate bids from contractors. You might also consider enlisting the help of a professional designer during this phase.
Maintain the Footprint
The footprint is the general placement of major kitchen components such as appliances, the sink, and cabinets. Moving these around often requires moving gas and water lines with them, which gets expensive. Speaking of appliances, unless you’re a sous chef, stick with realistic appliance expectations. Commercial-grade appliances may have their place if you’re looking to do some serious cooking, but consumer-grade stuff works for most purposes.
Light it Up
Lighting is an important component of your kitchen, and has a lot of value in that depending on how you use it, you can really alter the appearance of the kitchen. Make sure you have adequate task lighting (i.e., lighting under cabinets that lights up the countertop, sink, and other prep areas) as well as ambient lighting with dimmer switches to change up the mood.
Stick with Quality
Cheap components might seem attractive for their price-point, but they won’t add value to your kitchen if they’re not built to last. Go for good quality countertops, flooring, and cabinets that will last for years.
Make Room For Storage
Storage space will always be valuable in a kitchen. Cabinets that reach to the ceiling take advantage of valuable space that otherwise would have been wasted.
Your Project Loan has over 55 years of experience helping homeowners get the loans they need to make their remodeling dreams a reality. Is your kitchen aging faster than you’d like it to? Is the bathroom in need of a facelift? We’ve got you covered. No matter what kind of remodeling you want to do, we can get you the loan to finance it. With new low 4.99% APR financing available in all 50 states and up to $100,000 with no equity required, now is the perfect time to go to our website and fill out our 60 second loan application.
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As the old adage goes, time is money, and for an investment of just 60 seconds you could be looking at a great loan for your home remodeling project. In less than the time it took you to read this blog, you could have been on your way to a loan today. So don’t delay, head over to our application and get started! And be sure to follow Your Project Loan on Facebook, Twitter, Google + and LinkedIn.