Have you been planning to remodel your kitchen, but life keeps getting in the way of your plans? Now is the time to find the time to remodel your kitchen. Over the last year, there has been an increase in kitchen remodeling by about 23%. More homeowners are taking their plans off the drawing board and putting their kitchen remodeling plans into action. Here’s why you should join them.
Why Now Is the Perfect Time to Remodel Your Kitchen
Life gets hectic, and we often find ourselves sidetracked from our plans, but sometimes, we have to refocus and just take the plunge. Now is the time to remodel your kitchen for many reasons. Interest rates are still at historic lows, which means you can pay less for a home equity loan to finance your kitchen remodel.
Saving money on a home improvement loan is not the only reason why now is the time you need to get that kitchen remodel project underway. The kitchen is the heart of the home; it is where everyone gathers. Improving your kitchen will improve that quality of family life.
Save On Energy Costs
Thanks to new advances in energy-saving appliances, you can save a lot of money on energy costs by revamping your kitchen. Energy Star rated appliances like refrigerators, stoves, and dishwashers use minimal amounts of energy and offer high-efficiency features. There is no better time than right now to remodel your kitchen and choose Energy Star appliances to help keep costs down.
The uptick in kitchen remodeling can be attributed to the COVID-19 pandemic. Families that were stuck at home realized how important the kitchen is to their life and found that, in many cases, the kitchen was not as functional as it could be. Remodeling your kitchen can improve how your kitchen functions.
A highly functioning kitchen helps to make life easier. It also helps make cooking more enjoyable. About 73% of homeowners surveyed reported that they ate healthier after they remodeled their kitchen, so a lot of homeowners are making the choice to have a kitchen that is highly functional and enjoyable. About $10 billion is generated every year by the interior design industry because of the importance that people place on having a home that is comfortable and serves them well, including a highly functional kitchen.
Add Value to Your Home
Whether you plan on selling your home in the next couple of years or not, remodeling your kitchen is going to pay you back handsomely. According to a recent Cost VS. Value report in Remodeling Magazine, homeowners can expect a nice ROI on their kitchen remodel project. On average, a standard kitchen remodel costs about $68,490 and homeowners can recoup about $40,127 of that cost when they resell. That’s about a 58.6% return.
Remodeling your kitchen now can add monetary value to the resale value of your home, but more importantly, can add a lot of value to your life. The reason that homeowners can have such a great return on their investment in kitchen remodeling is that everyone values a great kitchen. It adds value to the space and enhances the quality of life in the home.
Don’t keep putting off your kitchen remodeling. Costs are going up, interest rates will start to rise, and you may risk being priced out of the opportunity. Now is the time to pull the trigger and transform your kitchen into everything that it could be. Enjoy life more in your home by getting your kitchen remodel project started now.