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Local Business

Big or small, a kitchen remodel can affect your home value

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It comes as no surprise that the kitchen space is one of the most important features to a potential homebuyer.

Whether you are planning for a few updates or planning a complete overhaul of your current space, kitchen remodels come with a price tag. It is important to know whether it is the right investment for you and your home.

Over 70% of those who completed a kitchen remodel in 2017 budgeted to spend somewhere between $5,000 and $50,000.

In most cases, your updated kitchen will increase the value of your home. Buyers are willing to pay more for high-end finishes and key upgrades.

According to a recent survey, 80% of homebuyers placed the kitchen in their list of top three most important spaces.

An updated kitchen can help your house stand out for prospective buyers, which can help you sell faster and for more money. But, according to Dave Ramsey, it is also important to note that just because your home value increases doesn’t necessarily mean you will recover the total cost of the remodel.

If you are planning to sell your home shortly after your kitchen update, Ramsey advises against spending a large sum of money. Look for smart renovations that can give your home value a boost and still attract buyers.

If you are planning a kitchen remodel to enjoy yourself, it can be a good investment for you and your family. A survey shows that 33 percent said they had a healthier lifestyle after renovating their kitchen, and 41 percent said they cook more at home.

An experienced real estate agent at Heartland Iowa Realty can help you determine how much to spend on your kitchen renovation without overdoing it. When it’s time to sell your home, your agent can ensure your home stands out to prospective buyers so you get a great price!

Heartland Iowa Realty : 736 N. 3rd Ave. E., Newton, IA, 50208: 641-792-5656 : www.heartlandiowarealty.com