Limit spending on the kitchen remodeling to about 15 - 20 percent of your home's value. According to the National Association of Home Builders, updating and remodeling your kitchen will add more value than any other improvement. Even if you plan on moving at some point after the remodel, don't forget that kitchen projects add more value to your home than any other improvement.
Factor 1 Home Value- Consider not only what you think your home is worth, but also the value of similar homes in your neighborhood that already have updates. My favorite website to check home values is zillow.com, simply enter your address and you get an interactive map with home values and other information listed right on the map. Take note of which homes are of similar size to yours, have been purchased more recently, but have a higher value, then peek in their windows to see what the house looks like. Ok, seriously, I was only kidding. If you don't know them perhaps it's time to meet the neighbors and ask for a quick tour.
Remodeling your kitchen can be a very large job, and there are many important aspects to take into consideration when remodeling. By remodeling your kitchen you can add value to your home, and at the same time save money with energy efficient kitchen appliances, or by replacing your drafty kitchen windows. Redesigning your kitchen can be expensive, especially if you hire a contractor to the work, but a new kitchen can greatly increase home value. Remodeling costs will vary depending on the number of new appliances (and their price level), and price quality of cabinets, type of counter tops, and labor to do the job. Remodeling any room of your home takes a lot of creativity and commitment.
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