If you’re a homeowner then chances are that you’ve contemplated remodeling projects for your homes such as for the kitchen, bathroom, or laundry area. We’re going to be talking about kitchen remodeling in San Diego so if you are looking into a kitchen remodel then you’re in the right spot. We’re going to go over whether or not kitchen remodeling is a great investment or not, plus some of the value it can add to your home. Let’s dive into this and check out the details on kitchen remodeling in San Diego.
Does Kitchen Remodeling Increase Home Value?
The main thing to consider when trying to figure out if a remodeling project is worth it is figuring how much, if any, your home value will increase. Most home projects do yield a good home value increase which most times makes the homeowner feel better about putting so much money into remodeling.
A kitchen remodel is one of the best remodels that you can do when it comes to how much it’ll increase your home value. Depending on what is done within the remodel, a kitchen remodel can yield between a 50% and 75% home value increase. This is incredible in terms of increasing your home value. To put this in monetary terms, if you spend $100,000 on a kitchen remodel at a 50% value increase then your home value will increase by $50,000.
Benefits of Kitchen Remodeling
There are tons of benefits that come with kitchen remodeling in San Diego including the increased home value. If you’re looking for more reasons to bite the bullet and get kitchen remodeling done, then here are a few more benefits that you could get from your kitchen remodeling investment.
Gives You A Selling Point
If you’re looking to sell your home then you might be looking for selling points and other things to grab buyers’ attention. A kitchen remodel is a huge selling point when it comes to homes especially because a lot of people are looking for a renovated and updated kitchen in their homes.
Improves Functionality
A kitchen must be organized and easily functional, so opting for a kitchen remodel is a great way to increase the functionality of it. Ultimately, the kitchen could have new appliances, better storage, and organization which can improve the functionality of the kitchen,
Improve Energy Efficiency
Changing out appliances, light bulbs, wiring, and other components to your kitchen can make an impact on your energy bill and efficiency. Appliances and the kitchen, in general, contribute to your energy consumption, so having updated appliances and electricity can help your energy consumption greatly.
How Much Does A Kitchen Remodel Cost?
Kitchen remodeling in San Diego can vary when it comes to cost, especially because there are many different things you can do with a kitchen remodel. To know if a kitchen remodels is worth it, we have to know how much the cost is or what to expect when it comes to pricing.
It’s no secret that remodeling costs are quite expensive, but kitchen remodeling can really vary. A typical kitchen remodel can range between $13,000 and $33,000, with the average being about $22,000, which is typical for a minor remodel. However, there is higher scale remodels that include major remodels that may cost up to $75,000. Realistically, the cost is dependent on what exactly you’re changing within the space and whether you’re going with a minor remodel or a major remodel.
Major Kitchen Remodel vs Minor Kitchen Remodel
When it comes to remodeling, pricing, and finding out if it’s worth it or not, we have to look at all factors. There’s a difference between a minor kitchen remodel and a major kitchen remodels, so let’s look at some of the differences and what this can look like for a homeowner in terms of pricing, ROI, and what to expect.
Minor Kitchen Remodel
Can Include:
– New cabinetry
– New appliances
– New countertops
– Flooring
– Paint
Cost- $24,000 on average
ROI – 50% or $12,000
Major Kitchen Remodel
Can Include:
– Custom and new cabinets
– New upgraded appliances
– New countertops and sink
– New lighting
– Added fixtures
– Paint
– New flooring
Cost- $70,000
ROI – 50% or $35,000
The difference between these two types of remodels is basically what goes into them. A minor remodel is changing small things or only essential things which will cost much less than a major remodel which can include almost all the areas of a kitchen. Essentially. If you put more money in as the investment then you’ll get more money out of it as an ROI.
Is Kitchen Remodeling A Good Investment?
Overall, kitchen remodeling is one of the best remodeling projects you can choose when it comes to ROI and what you get out of it. Kitchen remodels can be quite pricey depending on what route you take, but it comes with a ton of different benefits including an increased home value. Deciding if kitchen remodeling in San Diego is a good home investment is really up to you as the homeowner, but we can tell you that the ROI, increased home value, and other benefits are most definitely worth it.
