The past few months have shown plenty of signs the housing market is recovering, but spending on home remodeling projects is accelerating as well.
Strong growth in sales of existing homes and housing starts, along with historically low financing costs, make for an upturn in home remodeling activity.
Not only is this good news for the economy, it's great news for those with outdated kitchen cabinets, sub-par countertops and linoleum floors. Consider this news your green light to finally upgrade your kitchen.
Consider the Costs
When determining whether to start kitchen remodeling, make sure you're scaling it to your budget and your available time. There's nothing fun about a partially completed remodel because you ran out of time or money, unless you're looking for an excuse to microwave all your meals.
If you choose to remodel the kitchen, know that many experts say a modest kitchen remodel offers a higher level of return on investment than most other home improvement projects. According to Remodeling Magazine's 2011-2022 Cost vs. Value Report, a kitchen remodel has an average of 65.7-72.1% return on investment when you sell your home.
If the increased popularity of cooking programs and home improvement television shows is any indicator, the kitchen is rapidly becoming the focal point of not only homebuyers, but also homeowners. It seems an increasing number of homes hitting the market have more cash sunk into the kitchen than other rooms in the house.
For help in creating your kitchen remodeling project, contact Cabinet Refinishing by Kenneth C. Lewis.