Updating your kitchen is one easy way to improve the value of your Newark, Delaware home. You will find that although a home remodel can seem like a large task, it can be well worth it! With the right style choices, you will be able to see your initial investment payoff. This becomes a large factor for homeowners who are looking to put their house on the market at any point in the next few years. If you aren’t looking to sell your home, then a kitchen remodel is a great way for you and your family to upgrade your space by creating a more inviting atmosphere.
If you are interested in learning more about kitchen remodels in the Newark area, contact Bath, Kitchen and Tile Center today to be put in touch with one of our top designers!
Average Cost for Kitchen Remodels in Delaware
So you’re all for the new stone countertops, tile backsplash, and custom cabinets, but how much is something like this really going to cost you? Well luckily for you, we have data on the average cost for 2016 kitchen remodels in Delaware.
Average cost for Delaware Kitchen remodels: $20,027
(You will need to enter your zip code to find this exact figure)
This figure represents an “average” kitchen remodel, meaning that everything in the kitchen was refaced or replaced with new material at a mid-range price point. It is important to keep in mind that although this may seem like a lot of money up front, this investment is very likely to pay off in the long run by adding significant value to your home!
Now if you’re looking for more of a high-end, major kitchen upgrade, you can expect to pay upwards of $50,000. Depending on your individual preferences, you can set your own price point for kitchen remodels. No matter what your budget is, the team at Bath, Kitchen and Tile Center will be able to work with you to create your dream kitchen.
Return on Investment for Kitchen Remodels in Delaware
Now that you know how much kitchen remodels cost in the Newark area, let’s talk about the added value this remodel can bring to your home. Besides providing your family with a comfortable gathering space, a newly remodeled kitchen can raise your home’s market value by thousands of dollars.
On average, we found that homeowners in your area were able to recoup 86.9% of their overall kitchen remodel costs. This means that in addition to gaining 86.9% of their initial investment back upon selling their home, homeowners were able to enjoy the many benefits of a newly remodeled kitchen. If you are trying to sell your home, a great kitchen remodel could easily be the difference between selling your home and not selling your home! Prospective home buyers are often looking to move into a home with a recently upgraded kitchen.
Average Resale Value on Kitchen Remodels
The average kitchen remodels in your area were able to increase the value of a home by thousands of dollars. See below for 2016 statistics!
- Average kitchen remodels increased home value by: $16,425
You will be happy to know that the value of kitchen remodels in Delaware has been on the rise! This figure has gone up since 2015, when the average added value was just $14,050.
- Major kitchen remodels increased home value by: $36,438 or more
If you are interested in a higher end, major kitchen remodel with top of the line appliances and materials, then you might be able to increase the value of your home by about $36,438!