A kitchen remodel is one of the most lucrative renovation projects you can do in your home. It has a high return on your investment while providing a high level of enjoyment.
Due to the high rate of use, wear and tear and changing of design trends, kitchens may need to be updated every 10 to 15 years.
Over the last 25 years, kitchens have become the focal point of the home. Homeowners are looking for larger kitchens with more storage, adequate space for preparing food and more seating for eating and entertaining. Today’s kitchen design focuses more on organic (green) features, natural finishes, warm and neutral colors and an increased desire for technological devices. This has to do with the growing influence of Millennials on kitchen design.
Your needs for your kitchen change throughout your life. As your family grows, your kitchen may function better if walls are removed to create a larger, more open space that connects to a family room or dining room. Additionally, the trend is towards a multi-functional kitchen, with space and features for working and doing schoolwork. Also in demand are double islands, coffee bars and walk in pantries with food prep counters.
Kitchen appliances are rated to last anywhere from five to 15 years, which means replacing your appliances can give you a decade or more of shelf life. If you find that several appliances are reaching the end of their shelf life, then a complete remodel might be in the cards. The biggest benefit is most newer appliances are increasingly more energy efficient which means you’ll save money on your monthly utility bills. Smart appliances have wi-fi connectivity giving you greater control and save you time.
Creating a kitchen for a healthier lifestyle is of increased concern when remodeling, especially since COVID. Homeowners are requesting air and water purification systems, antimicrobial countertops, VOC free paints and stains and use of more “Green” and recycled materials.
As a homeowner, you can expect to recoup between 60 and 80 percent of your kitchen remodel costs when you sell your home. However, if you choose your materials wisely and don’t overbuild for your area, you’ll have a better chance of recouping more of your kitchen remodel expenses if you decide to move. In the meantime, you’ll get to enjoy your brand-new kitchen for the remainder of the time you are in your home.