One-third of homeowners are exploring remodeling their kitchens to boost their home values, according to GuideToKitchenRemodeling.com. The 2006 Cost & Value Report reveals that kitchen remodeling projects continue to add value to homes at resale. GuideToKitchenRemodeling.com provides consumers with resources for kitchen remodeling projects.
(PRWeb) February 14, 2007 -- Thirty percent of homeowners are looking into increasing their home values by remodeling their kitchen, according to GuideToKitchenRemodeling.com, a top kitchen remodeling services site. Realtor.org's 2006 Cost & Value Report indicates that consumers embarking on kitchen remodeling can expect to recoup as much as 85 percent of their renovation investment. GuideToKitchenRemodeling.com helps consumers with their kitchen remodel by connecting consumers with local companies offering kitchen cabinet refacing, cabinet replacement and cabinet installation.
Homeowners who are planning a kitchen remodel can find kitchen cabinet resources and contractors at GuideToKitchenRemodeling.com. As part of the referral process, one question asks homeowners why they are remodeling their kitchen. Thirty percent of respondents aim to increase their home's value.
The 2006 Cost & Value Report indicates that 75 to 80 cents of each dollar spent on renovation is returned to a homeowner at resale, with kitchens offering slightly greater returns. Both minor and major kitchen remodeling rank in the top ten remodeling projects for which homeowners can expect to recoup expenses at resale.
"Home buyers seem to gravitate to the kitchen first when they're looking at a house," Joe Traynor, a real estate appraiser in Indianapolis, told Bankrate.com. "And as appraisers, we do give extra credit to houses with updated kitchens."
According to the 2006 Cost & Value report, a minor kitchen remodeling comes in fifth among remodeling projects. A minor kitchen overhaul cost an average of $17,928, with homeowners recouping an average of $15,278 at resale (85.2 percent). The same report indicates that a major kitchen remodel comes in sixth among renovation projects. A major kitchen re-do cost an average of $54,241, with homeowners recouping an average of $43,603 (80.4 percent).
According to Better Homes and Gardens, consumers recoup the greatest percentage if they complete minor remodeling--such as new kitchen cabinets or new kitchen cabinet styles accomplished through refacing--and sell within a year.
GuideToKitchenRemodeling.com is a home improvement site that matches consumers with top cabinet refacing, replacement and installation companies. The site connects consumers based on their specific kitchen cabinet needs and sets them up with services in their local area.
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