Is Kitchen Remodeling a Wise Investment?

It may be cliche to say this, but the kitchen truly is the heart of any home. Even as part of your home's overall value your kitchen is essential.

Our clients ask us all the time "Which room of the house can I get the best return on investment?"

According to the national 2016 averages, a minor kitchen remodel will cost $20,122, while it will increase the resale value by $16,716. By applying some of the latest kitchen trends, a minor kitchen remodel can yield generous returns and add a ton of value to your home.

• Job Cost (Estimate): $20,122
• Resale Value: $16,716
• Total Return On Investment: 81.8 percent

Source: FortuneBuilders.com

Your Kitchen is the Best Room in the House to Invest Money

Even a small remodel when you update countertops and hardware can have a huge impact on your home's value.  So whenever we are asked the above question, we always answer "Yes!".  If you still aren't convinces you can check out this diagram from Remodel Magazine.  It confirms that kitchen remodeling jobs have an average ROI of over 83 percent.  Where else in the house are you going to get that kind of return for a reasonable investment.  Obviously if you add an addition, or convert your garage into living space your long term ROI might be greater, but those projects also require a significantly higher initial budget.

Source: Remodeling Magazine Cost Vs. Value Report 2016

If you are looking to get the highest return on your kitchen remodeling investment, you may want to avoid making any structural changes.  If you start tearing down walls, or relocating plumbing pipes or electrical outlet then you costs are going to skyrocket.  And generally with these types of moves the return is not proportional to the extra expense so your overall return decreases.

The bottom line is that if you want to increase your home's value, kitchen remodeling is a good place to start.  You just don't want to go overboard, and you want to make sure you spend a good deal of time planning your project.

At Renovations & Designs we offer full design build services. If you are ready to remodel the kitchen in your Washington DC home, then we are happy to be of service. Contact us today at (202) 335-9553 to receive a free, no obligation estimate.

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Your Next Place

But this warm, house-like space also sports all the latest updates, from the exquisitely-appointed chef's kitchen to the fully-renovated bathrooms. The living room is warm and has softly glowing hardwood floors, and the dining room features extensive built-ins and a breakfast bar that opens onto the kitchen, so while your significant other cooks, you can sit there and tap your fork and knife on the counter impatiently until they fling a hot skillet of gravy at you. The kitchen has antique cabinets that are to die for (not literally; please don't harm yourself over cabinetry), and a top-quality chef's range. 

The bedrooms are equally classy, and the baths sport all the modern finishes you've come to expect (marble, glass doors) after spending too many weekends in Las Vegas. Outside, is the long screened-in balcony-slash-porch; I could sit out here all day, just putting my feet up and thinking about life and tossing balloons full of ink down onto people who don't pick up after their dogs. You'll also have access to the building's roof deck, which sports breathtaking 360-degree views. All in all, it's sort of the perfect place; if it was pre-bubble, I'd totally take out a liar loan saying I make a million bucks a year and buy the place. It would totally be worth going to prison once the jig was up. (All those people did go to prison, right?)

1870 Wyoming Avenue NW #104

3 Bedrooms, 2 Baths

$774,500

I'm not usually one for nostalgia (in general, the past sucked - as far as I can tell, human history was mostly a morass of pestilence, cruelty, and few to no wi-fi hotspots), but they really don't make them like this anymore. Dating from 1917, this space has more Old World charm than Jeremy Irons in a monocle. From the deep-scarlet dining room walls to the quirkily adorable kitchen (that tiny-tile floor is straight out of "Annie Hall") to the vintage woodwork in the bath (yes, the bath) to the double-height screened-in porch, it seemed like everywhere I looked, I saw something wonderful that I'd never seen before. (Sort of like when I was 11 and I found my Dad's Playboys.)

Originally Posted By Franklin Schneider

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