Do you walk into your kitchen, and your first thought is how drab and dull it looks? If so, it may be time to consider remodeling your kitchen. If you live in Boston, a mid-range kitchen upgrade can increase the value of your home, and you can expect an ROI of around 57% of your cost. When it comes to how happy homeowners are with the results on a scale of 1-10, those who did their renovations themselves rated their score as 8.9, while when having a professional do it, their score was 10.
Interested in learning more about your kitchen remodel Boston. There are three different kitchen remodeling cost tiers: minor, mid-range, and major renovations, distinguishable by the cost and how extensive the project is; when deciding which of these renovations you want to tackle, consider factors.
- Where you live
- Cost of remodel
- Your budget
- Desired updates
Will A Kitchen Remodel Increase Your Boston Homes Value?
Yes. Zillow reported that 58% of buyers who purchased homes said having an updated kitchen factored into their home-buying decision. Over two-thirds of buyers are willing to pay more for homes with recent kitchen and bathroom updates. Of course, how much you spend factors into how much is spent on the kitchen upgrade.
Cost of Remodeling Your Kitchen
This varies based on what you plan on updating. If you choose to fully update your kitchen with new wood cabinets, an island, laminate countertops, and a standard sink and faucet with all new appliances is roughly $68,000. Of course, depending on the type of cabinets, flooring, backsplash, and appliances, you can spend much more or much less.
A simple upgrade such as updating hardware, choosing less expensive countertop hardware, and new low-cost flooring can save you a lot of money and cost around $18,000. In contrast, a complete renovation with high-end flooring, countertops, and appliances can run you $130,000. In 2018 homeowners budgeted between $5,000-57,000, with only 1 in 10 going over $100,00.
Types of Kitchen Remodels
As touched on above, a few factors should be considered when choosing how extensive your kitchen remodeling project in Boston, MA should be.
- Where you live - if you live in cities such as Boston, San Diego, Seattle, or San Jose, you can expect a kitchen renovation to increase your home's value extensively. You can expect an ROI of 92.9.
- While many costs are worth it, you need to watch how much you spend on the remodel. If you pay too much, you’ll have trouble getting a decent ROI. There comes the point when spending money becomes a waste.
- Your Budget - when determining your budget, you’ll want to decide which updates are the most important and are worth the investment. You’ll want to make sure to factor in at least 10% for unexpected expenses.
- Desired updates - if you choose personalized updates, it doesn’t bring a good return for your money. Instead, focus on cabinets, countertops, and appliances. When determining the updates you want, you should contact the best contractor in the Boston area.
Kitchen Updates That Increases Home Value the Most
Certain features in your kitchen influence the home value more than in other areas. Below you’ll find the most critical areas.
- Cabinets
- Countertops and backsplashes
- Appliances
- Flooring
- Hardware
Cabinets
Outdated cabinets make your Boston kitchen look old and cause prospective buyers to pass on your home. While replacing the cabinets is likely to be the most expensive project in the remodel, it’ well worth the cost. While not hiring a professional may be tempting, it’s easy to tell if the upgrade is by a professional or a DIY project and will affect the value of your home.
Countertops and backsplash
This can be expensive, but there are ways to save money on your countertops, like not going right to costly options like granite, marble, or quartz but instead investing in laminates, granite remnants, tiles, or Formica. Each of these will give your countertops an updated, beautiful look.
Backsplashes come in a wide variety of colors and geometric shapes to easily complement your new countertop. They are relatively inexpensive but contribute significantly to your kitchen's overall look.
Appliances
When choosing appliances, you want to look for ones that are energy-efficient and eco-friendly. You’ll also want to make sure they all match, such as all black or all white, not only to save money but also that it doesn’t make your kitchen look only partly upgraded. Double ovens, while not essential, are one of the most popular appliance upgrades for kitchens in Boston, MA.
Flooring
If you are refinishing existing wood floors, you’ll get a 100% ROI, which is unheard of for the most part. People love hardwood floors because they are beautiful, long-lasting, and highly durable. The biggest downfall of hardwood floors is they aren’t water-resistant, so you’re probably better off choosing another flooring type. Many types of wood flooring look like natural wood, are water-resistant, and don’t cost a lot.
Hardware
You’ll want to look for hardware for your kitchen. You’ll want to match them with the overall style. You’ll want to decide if you want knobs, pulls, or a combination of both. Each of these has different benefits depending on what you want.
- Knobs are smaller and less expensive. It works well with both draws and cabinets and is easy to install.
- Pulls are larger than knobs, stand out more, and are easier to grip. These are typically more expensive than knobs and work best with large drawers and linear cabinets.
Once you decide the type of handle you want, you can choose your finish. Some people decide to have their hardware blend in and be inconspicuous, while others want it to stand out and make a real impact.
Is Remodeling Your Boston Kitchen Worth It?
Yes, remodeling your kitchen in Boston is worth it. Not only does it increase your home’s value it also is a great way to make you fall in love with your home all over again. However, when you decide to make these renovations, you want to make sure you create and stick to your budget and hire a professional for complicated changes such as installing new countertops.
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