07 Aug The Stats About Kitchen Renovations
Maybe you’re considering doing a kitchen renovation, but you’re not entirely convinced. Or maybe you’re completely on board but your spouse isn’t. Either way, here are some facts and statistics from the 2015 Remodeling Impact Report conducted by NARI that are sure to convince you to remodel your kitchen today.
For starters, kitchen renovations rank first in both the project’s appeal to buyers and the likely added value to the home. Additionally, 57% of realtors recommend that a client upgrade their kitchen before even attempting to sell their home. Buyers want renovated kitchens, and they’re willing to pay more for them. If you’re planning on moving soon or in the future, upgrading your kitchen can be a good choice to increase your home’s value and sell it more quickly. If you’re not planning on moving right away, you can enjoy the benefits of a new kitchen before reaping the selling benefits. It’s a win-win.
Speaking of the benefits of a living with a newly remodeled kitchen, there are plenty. For starters, 82% of people said that they have a greater desire to be at home since completing their kitchen renovation project. Let’s think about this for a minute. If you have a new kitchen, you’re going to want to spend time in it. And if you’re spending time in a kitchen, you’re probably cooking. In most cases, cooking meals at home is much cheaper than going out to eat. In this way, remodeling your kitchen can actually help you save money!
In addition, 75% of people have an increased sense of enjoyment while they are at home because of a remodeled kitchen. Does your current kitchen sometimes leave you frustrated, like when an appliance doesn’t work, a cabinet door won’t shut, or there simply isn’t room to store everything and it ends up cluttering the counters? If you get rid of all of those frustrations, your enjoyment of your home would probably increase as well!
After finishing a kitchen renovation project, 79% of people feel a major sense of pride when they think of the project. This fact is probably helped by the fact that of all the people who do some sort of renovation project in their home, 52% of people either did all or some of the labor themselves. Nothing feels better than having accomplished a hard project. Taking on a big project is a great way to increase your confidence and help you find a sense of purpose and accomplishment. Plus, you get bragging rights whenever someone compliments your gorgeous new kitchen (which they’re sure to do).
All in all, the facts show that remodeling your kitchen is a great idea, whether you plan to sell soon or to stay in your home for a long time. It adds to the value and sellability of your home, as well as your own happiness and sense of pride.
If you want to learn more about home remodeling statistics, check out the full NARI report. If you’re ready to dive into a kitchen remodeling project, why not check out all of the resources on this site and even look at some RTA cabinets while you’re at it?