Homeowners looking to increase their homes’ values sometimes find themselves considering which improvements are the best investments. Major home improvement and remodeling projects aren’t cheap, so realizing the best value for the dollar is vital. As a major home improvement, kitchen remodeling ranks well in terms of delivering a return on investment. Depending on the housing market and the type of improvements made, a kitchen remodel can boost a home’s resale value very nicely.
How Kitchens Fare
Though they’re expensive, major kitchen remodeling projects deliver solid cost-to-value ratios for homeowners. A February 2012 article by United Press International reports a major kitchen remodel tends to fare better than bathroom remodeling when it comes to improving home value. Kitchen remodeling returns nearly 69 percent of its cost vs. 57.2 percent for bathrooms. The National Association of Realtors also ranks a well-designed, sensible kitchen remodel as the best home interior remodeling project