A kitchen remodel is one of the best ways to improve your home’s interior aesthetic and to increase its resale value. According to the Remodeling 2014 Cost vs. Value Report (www.costvsvalue.com), completing a *midrange minor kitchen remodel costs on average, $18,527 and you can recoup 75.4% of the remodeling costs during resale. Follow the below dos and don’ts to avoid investing unnecessary time and money during the remodeling process and to gain the full resale value of your remodel when it comes time to sell.
1.) Do your research. Before meeting with a contractor or architect, create your own Pinterest or Houzz accounts to curate images of your ideal kitchen, considering the layout, appliances, functionality, finishes and color palette. Prioritize these images by “must haves”, “would be nice”, and “one day”.
2.) Do consider the purpose of the space. Is your kitchen your family’s primary gathering hub? Do you host elaborate dinner parties, and need the space to accommodate? Are you a master chef who needs top of the line appliances? These details will help your architect determine the best layout to maximize your kitchen’s functionality. Also consider the activity level of your kitchen. An active family of four brings more wear and tear than empty nesters, so install flooring and finishes that can withstand this level of use.
3.) Don’t skip the technical homework. When visualizing your new layout, determine the best location for your sink, where you need electrical outlets and if you are building out, where you need windows or a sliding door. The functionality of these features will dictate the layout of the rest of the room.
4.) Do maximize space. Take advantage of every square inch of your kitchen. If you aren’t building an addition, you can still gain space during a renovation by extending cabinets up to the ceiling, or turning an awkward corner space into a food prep corner.
5.) Don’t rush through the planning and design phase. Your instincts will be to move quickly to the construction phase, but take your time to visualize the layout, functionality and design of your new kitchen. Every change during the remodeling process will cost you money and time, so visualize yourself going through your daily routine in the remodeled space.
6.) Don’t price yourself out of the neighborhood. The house may not be yours forever, so refrain adding so many upgrades that you price it out of the neighborhood when it comes time to sell.
7.) Do budget to exceed. Work closely with your contractor to determine a realistic estimate but budget at least 10% more in additional expenses to cover unforeseen changes and additions you may incur during the remodeling process.
8.) Don’t overlook the business details. If you are using a contractor, get all the details of the renovation in writing up front, before you sign and contracts. Also, don’t make the final payment until all renovations are complete.
9.) Do keep your receipts. File all receipts associated with your renovation in a safe place to submit when filing your taxes, or to reference if you sell your home.
*According to the Remodeling 2014 Cost vs. Value Report ( www.costvsvalue.com), a midrange minor kitchen remodel includes “30 linear feet of cabinetry and countertops, leave cabinet boxes in place but replace fronts with new raised-panel wood doors and drawers, including new hardware. Replace wall oven and cooktop with new energy-efficient models. Replace laminate countertops; install mid-priced sink and faucet. Repaint trim, add wall covering, and remove and replace resilient flooring.” Source: www.costvsvalue.com