How Much Does it Cost to Remodel a Kitchen?

If the kitchen is the heart of the home, what does it say when yours is falling apart? Outdated fixtures, old appliances, or a dysfunctional layout might have you daydreaming about a full kitchen renovation—but how much will it cost to remodel your kitchen?

Before you begin your kitchen remodel, you might want to consider why you’re remodeling, how much work it will require, when you’ll schedule the renovations, and how you’re going to pay for it all, not to mention the obvious: if, ultimately, it will add value to your home.

Why Should I Remodel My Kitchen?

Zillow Housing Aspirations Report , 76 percent of Americans said they’d prefer to spend on upgrading their home rather than using the money as a down payment for a new home.

Homeowners remodel for different reasons, but it’s important to consider the cost, have discussions with your spouse or partner around the kitchen table, and evaluate what the average return on the kitchen remodel will be before diving into plans or spending a large portion of your overall home renovation budget.

Do you plan to live in your place a few more years and enjoy your new kitchen, or strategically upgrade for a more appealing home sale in the near future? The answer will probably influence where and how you spend money on your kitchen.

What is the Average Return on a Kitchen Remodel?

The truth is you may have a difficult time recouping the total cost of a kitchen remodel in a home sale. When it comes to making money off of a kitchen remodel, the best bang for your buck may be less costly but visually impactful minor renovations: things like replacing the fronts of cabinets, upgrading countertops, replacing fixtures like faucets or lights, repainting, or putting in new flooring.

According to Remodeling Magazine’s Cost vs. Value Report 2020 , the national average return on investment (ROI) for that work is approximately 78%. An upscale remodel, on the other hand, yields a 53.9 percent ROI on average.

If you’re looking at a kitchen renovation solely to add value to your home in a sale, you might want to consider other upgrades that are higher in return and lower in cost, as well. In a Zillow survey , 58 percent of buyers said having their preferred style of kitchen was “extremely or very important to their home-buying decision.” Thus, if you’re considering selling your home in the near future, small, strategic updates instead of a full-blown kitchen remodel could potentially help the sale of the home.

How Much Should I Spend on a Kitchen Remodel?

The budget for your remodel will vary widely based on the amount of work you want done and the quality and cost of the materials you choose. On average, homeowners spend between around $22,000 for a minor kitchen remodel up to $116,000 for an upscale kitchen remodel. With such a wide range to consider, it might be wise to think about what your budget is before calling in contractors.

Consider what overall changes you want to make to your space. Will the kitchen remodel be a simple update of appliances, or do you want to change the entire layout and design?

Once you have an idea of what you want in mind, consider how to budget for it. What items or updates are must-haves in your kitchen remodel? What could be removed if the tally for your overall kitchen renovation ends up being too pricey? A prioritized list of updates or changes with the estimated cost for each project attached can be a helpful guide when trying to stay on budget within a certain price range.

Deciding how much you want to spend on your remodel is entirely up to you. If you’re looking for guidelines, HGTV recommends spending between 6 and 10 percent of the value of your home to get the best ROI.

But even the best planned budgets might go awry, so including a line item in your budget for unexpected expenses can help down the line. Use our Home Improvement Cost Calculator to get an idea of how much your kitchen remodel will cost.

Where Can I Cut Costs Remodeling My Kitchen?

If you’re trying to keep costs down on your kitchen remodel, keep in mind that certain design choices are likely to drive the budget up. In a full-scale kitchen remodel, new kitchen cabinets are typically the biggest expense, generally accounting for 20 to 40 percent of the project budget. If you’re looking to cut expenses in your kitchen remodel, you might consider trying to refinish or reface your existing cabinets, as well as adding new hardware for a more modern look.

10 to 12 weeks ; however, note that’s simply an expectation. The reality could be very different, and the time of year will also come into play.

The Takeaway

A recent kitchen remodel can be a big selling point for potential buyers if you intend to sell your house in the next few years. Renovating your kitchen also can be a way to add functionality to a home you plan to live in for years to come.

When beginning the process of plotting out your kitchen remodel, set a budget and prioritize what facets are most important to you. Look at the average return on a kitchen remodel investment and also consider how much of the work you potentially can attempt yourself versus what you’ll need to hire a contractor to do.

While cabinet finishes, new appliances, and fresh countertops can be exciting, setting aside a budget often is not. If it looks like your ambitions could outspend your budget, you might consider taking out a personal loan.

Personal loans from SoFi have low interest rates available for those who qualify, and offer fixed monthly payments. These 100% fee-free unsecured loans might be just the recipe to getting your perfect kitchen.

Find out more about using a SoFi personal loan to update your kitchen.


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Source: sofi.com

The Best President’s Day Kitchen and Home Decor Deals – AOL

Reader's Digest

Megan Wood

February 11, 2021, 8:23 AM

You Won’t See Sales This Good Again Until Memorial Day

In 2021, President’s Day and Valentine’s Day fall on the same long holiday weekend. Along with honoring our nation’s history and celebrating the love in your life, you can also do some serious sale shopping. The upcoming February holidays are the time to check must-have kitchen upgrades and a home decor refresh off your list. This year, deals kicked off as early as February 1st! (How many of these essential kitchen utensils do you own?)

The discounts are deep, and you likely won’t see this much inventory on sale again until Memorial Day weekend in May. Some of the sales are billed as President’s Day deals, while other retailers are calling their markdowns Valentine’s Day or winter sales. To make it easier on you, we rounded up all the dates, details and promo codes below (and we’ll keep updating).

Note: Prices listed were accurate as of press time; pricing fluctuations may occur.

Best President’s Day Kitchen and Home Decor Sales

Macy’s is offering 20 to 50% off kitchen and small appliances during their Valentine’s Day sale. Get an extra 10% off an already marked down Aerogarden with code VDAY. We also spotted Cuisinart knives, a heart-shaped Le Creuset casserole and Ninja blenders on sale.

Overstock is having a President’s Day blowout with up to an extra 15% off home decor, home improvement, kitchen accessories and more. Plus, free shipping on everything!

KitchenAid is offering up to 22% off deals on their bestselling attachments (which are finally back in stock). We love their pasta maker attachment!

Delta Children is offering a spend $200 get $30 deal, or spend $300 and get $50 deal at Target from February 11 through February 15. If you need a new kids’ table set, this is the time.

Nordstrom included their home department in their winter sale from February 12 to February 21. Save on Le Creuset, kitchen accents and bedding.

The Home Depot’s President’s Day sale is valid through February 24th. Look for 30% off robotic vacuums, 25% off washer and dryer sets and 15% off dishwashers. Right this way to deals on Dyson vacuums.

Amazon isn’t going to be left out of a sale! They’re running their Big Winter Sale from February 5 through President’s Day. Stock is limited and changes daily, but we love deals on Instant Pots, refrigerator organizers and espresso machines.

Bloomingdale’s is inviting customers to save 60-70% when they take an extra 50% off items labeled “Extra 50% off Clearance,” from February 10 until February 15. Hello, deals on All-Clad frying pans and a Nespresso espresso machine!

Nutribullet has a 20% off sitewide sale with promo code PRESIDENTS from February 12 to 16. Score the new NutriBullet go cordless blender for just $30!

Anthropologie is giving an extra 25% off all sale home items (excluding furniture) for a limited time. We’ll take multiple Capri Blue scented candles, cute coffee mugs and cozy throw blankets, please.

Walmart’s clearance section is overflowing with tons of deals on kitchen appliances, gadgets, small appliances and more. Check out this cute and handy kitchen rolling cart.

Bed Bath & Beyond is offering great home deals. Look for $60 off cookware, $40 off air fryers, $70 off Shark vacuums and 30% off rugs.

Boutique Rugs has a Valentine’s Day sale with up to 60% off area and floor rugs using promo code LOVE60 from February 8 to February 18! When’s the last time you replaced your kitchen rug?

Appliances Connection lets you save big on thousands of items during the President’s Day Sale, including 20% off washer-dryer pairs, 10% off select LG appliances and closeouts on stainless steel ovens. If you’re planning a kitchen remodel, this is your sale!

Dyson is offering major vacuum deals, including $100 off the V11 Outsize, $50 off the V7 Motorhead, $100 off the Torque Drive and $50 off the V7 Absolute. These deals ALSO come with free tools worth up to $75, and free shipping.

Target’s clearance section has kitchen items on sale. Psst! there are lot of deeply marked down holiday items if you want to shop smart for next year.

HSN has thousands of items currently on clearance, including storage finds and kitchen essentials.

Drizly is offering $10 off for new customers with promo code LUV until February 14. Get sparkling rose or cocktail supplies delivered straight to your door!

Le Creuset has tons of discounts on enamel cookware in their sale section. Plus they’re gifting free heart ramekins with any $200 purchase using the promo code HEARTS (while supplies last). How cute!

Want more deals and product picks sent directly to your inbox? Sign up for the Stuff We Love newsletter.

The post The Best President’s Day Kitchen and Home Decor Deals appeared first on Taste of Home.

Source: aol.com

The 8 Major Home Design Trends That’ll Be Big in 2021 – Redfin

This article is a collaboration between Redfin and Hunker 

With a new-found love for our homes this past year, it’s likely you’ve racked up a laundry list of ways that you’d love to revamp your space. And what better time to refresh and upgrade your home than the New Year? To help spark some inspiration, we partnered with Hunker to predict which home trends will be big over the next year. So whether you’re looking for kitchen remodel ideas or you’ve set a goal to finally transform that spare room into your dream office, we’ve got you covered. Combining Redfin’s data on the most valuable home trends and Hunker’s design experience, here are the major design trends we expect homeowners to embrace in 2021:

designer kitchen black cabinets

designer kitchen black cabinets

Home Design Trend 1: Designer kitchens fit for a chef

Since many picked up cooking or baking as a new hobby in 2020, it’s no surprise that the kitchen remains the heart of the home. When it comes to kitchen design trends this year, think functional yet stylish. Spacious, open concept kitchens with top-notch stainless steel appliances will continue as a “must-have” for homeowners, but they’re also seeking a beautiful and stylish design. 

kitchen blue cabinetry design trend

kitchen blue cabinetry design trend

Home Design Trend 2: Stylish kitchens with contrast

While an all-white kitchen is a classic, expect to see bolder palettes — like blue hues, forest greens, and deep charcoals — on island cabinetry, as a contrasting backsplash, or with kitchen furniture. We’ll see kitchens continue to incorporate luxe statement lighting and sleek hardware, such as gold faucets and cabinet handles. 

home office design trends built in

home office design trends built in

Home Design Trend 3: Bonus spaces that can double as a home office

Working from home will continue to be a theme in years to come, and many are looking for opportunities to create dedicated workspaces within their homes. Whether it be an ADU, a sun room, an additional guest room, or transforming a shed into an office space — this is one of the major home design trends that’s here to stay.

warm bedroom fur blanket

warm bedroom fur blanket

Home Design Trend 4: Earthy textures with luxury elements

In 2021, look to see more homes incorporating a lot of the colors you typically see in minimalism. You’ll see colors like white, cream, beige, rust, and sage, but layered in with multiple textures. Think a living room that combines jute, oak, and linen with materials that are undeniably luxe, or a kitchen with colored marble countertops and rich velvet banquette seating.

quartz countertop kitchen

quartz countertop kitchen

Home Design Trend 5: Quartz countertops 

In the war of countertop materials, quartz has risen up through the ranks over the years. Versatile, practical, contemporary and elegant, quartz is basically the full package and we expect to see more of it moving into 2021. Quartz countertops pair well with both light and dark colored cabinets, making them easy to integrate into any kitchen color scheme.

outdoor dining area pool fireplace

outdoor dining area pool fireplace

Home Design Trend 6: Outdoor dining rooms for year-round entertaining 

Now, more than ever before, homeowners want to blur the lines between indoor and outdoor in a way that lets them experience the best of both realities. With people less focused on eating out, they’ll be looking to take advantage of outdoor entertaining with spaces that can function as open-air dining rooms — whether that be a deck, a gazebo, or a patio overhang. 

blue velvet couch pattern rug gradmillenial design trend

blue velvet couch pattern rug gradmillenial design trend

Home Design Trend 7: Embracing grandmillennial style 

This style slowly began to take off this year,  but “grandmillennial” is being embraced with open arms as we enter 2021. This fun and unique design trend is all about appreciating traditional style from a modern point of view. You can expect to see tasteful antique decor — like a vintage statement mirror — plenty of brass and wicker, and varieties of texture. Whether it’s just a fad or a timeless trend here to stay, it’s going to be “in” throughout this next year.

floor to ceiling windows living room

floor to ceiling windows living room

Home Design Trend 8: Floor-to-ceiling windows

If you’re looking for an open, airy, and refreshing space, then floor-to-ceiling windows are the upgrade your home needs. On-trend with indoor/outdoor living, this home design trend lets light pour into your space without the need to actually step foot outside. Although not the easiest home upgrade to make, it’s one we’ll continue to see throughout homes this year. 

LEGAL: Individual results may vary. This is not intended as a substitute for the services of a licensed real estate agent, or licensed and bonded home services professional or appraiser.

Source: redfin.com

To List Your Home for More, Consider a Kitchen Remodel

January 20, 2021 February 4, 2021 by Lexi Klinkenberg

Updated on February 4th, 2021

The kitchen is one of the most important rooms in a home, serving as both a central meeting place for family and a functional area necessary for preparing meals. So it’s easy to understand why a state-of-the-art kitchen is a must-have for millions of homeowners from coast to coast. For those considering home upgrades, the kitchen is a great place to start. A kitchen remodel can add value for current homeowners, and appeal to homebuyers if you’re looking to sell in the near future.

Modern kitchen with breakfast bar

Modern kitchen with breakfast bar

A kitchen remodel can increase your home value

For homeowners who plan to sell their homes any time in the future, value is an important point of consideration. A new kitchen can play a significant role in higher than average list price, while an outdated kitchen that doesn’t meet functional needs can deter buyers in any housing market.

Think renovating a kitchen isn’t a big deal for prospective homebuyers? It is. It’s possible to recoup virtually the entire cost of a kitchen upgrade in the purchase price, giving you the opportunity to remodel your kitchen from top to bottom, with less concern for expenses.

Homes with new kitchens are rated number 1 for most valuable home improvement trends. The median list price on homes that have a new kitchen is $14,500 more than the national median, and on average, these homes sell for above their list price.

When planning a kitchen remodel, be sure to consider both what makes the most sense to you as well as what will appeal to most homebuyers in your area. For example, if you live in Atlanta, GA, and want to upgrade your countertops, opting for the most valuable trend, quartz, is probably a better option than granite. Someone who specializes in kitchen remodeling can also help you identify regional trends to ensure you make the best possible choice for your home.

In addition to increasing the value of your home, here are 5 other reasons you should consider remodeling your kitchen.

1. Improved lifestyle and convenience

For most homeowners who are planning on remodeling their kitchen space, convenience can be a primary motivator. If your kitchen can’t meet all of your needs, whether it’s too small or situated in an inconvenient manner, an upgrade is a great decision.

As you move forward with your kitchen remodel, determine what you need out of your kitchen and what is required to fulfill those needs. For example, if you need more space to prep and cook, extending your counter or adding an island might be the ideal solution. On the other hand, if you need more storage, an island or hanging cabinets could help you get the extra room to store your pots, pans, and dry goods. If you’re not sure where to start, speak with local kitchen renovation pros to identify the available options for your current kitchen space.

2. Better design and appearance

Kitchen remodels are often functional, but they can be beautiful, too. Upgrading your kitchen can both expand the area you have for food prep and can become a space you enjoy spending more time in.

If you don’t like the look or feel of your kitchen, a kitchen upgrade can bring your home into the twenty-first century. From counter materials to new cabinets, there are tons of ways to improve the space in your home. Some of the most popular kitchen features we are seeing nationwide include, granite countertops, an eat-in area, stainless steel appliances, and hardwood floors. You can definitely follow your own tastes to create the kitchen of your dreams or enlist the help of a pro to recommend more current trends. Regardless, the right approach to a remodel can guarantee a room that looks amazing and feels great, too.

kitchen lighting

kitchen lighting

3. Create additional space

If you’re tired of cooking and cleaning in a small, cramped space, a new kitchen can make all the difference. Renovating your kitchen can maximize the space you have available, making it much easier to cook meals and spend time with family.

Even small homes can be improved with remodeling opportunities. This can include adding things like extra cabinets or even kitchen islands. If space is really tight, taking down walls or expanding storage – like adding a new pantry or cabinets – into bordering rooms can free up storage options in your kitchen in a way that maximizes functionality.

4. Improved technology options

Kitchen technology isn’t a one size fits all option. If your 1980s fridge and old school oven can’t meet your needs, it may be time to upgrade. A customized kitchen remodel can also focus on technology. If you’re looking for higher-tech kitchen solutions, upgrading might be required.

Kitchen appliances come in all shapes and sizes, from fridges with Wi-Fi capabilities to ovens that provide quick preheat functionality and will have you ready to cook within minutes. Upgrading your kitchen with the latest and greatest technology can make cooking and preparing meals faster and easier. Start trawling home improvement stores and working with a kitchen renovation contractor that is knowledgeable in high tech options to help you weigh the pros and cons of each new kitchen appliance. No matter what you have in mind, there’s an option out there ideal for you.

5. Eco-Friendly Upgrades

If climate change or saving money on utilities are concerns for you, your kitchen remodel may be focused on implementing eco-friendly options for more sustainable living.

Appliances that offer great functionality while also reducing waste are available in countless forms, from low-energy refrigerators to microwaves with convection options. Those who want to truly maximize eco-friendly home upgrades may want to go beyond the kitchen alone, but Energy Star appliances can make it much easier to minimize your impact on the environment – and save money.

Remodeling a kitchen is never a requirement, but if you plan to sell soon or aren’t completely satisfied with the cooking space in your current home, a remodel is a great opportunity. Partnering with a kitchen remodeling company can ensure you tick every box, giving you access to pros who can identify needs and provide solutions that meet both functional and fashionable options within your budget. Whether you want more space, better tech, or to sell for more, it’s never too late to upgrade your kitchen.

Source: redfin.com

How to Set a Home Renovation Budget

Before you start picking out tile and paint chips, be sure you know how much it will cost to remodel your house.

Have you just moved into a new place and want to spruce it up? Or maybe you’ve been in your home for a while and feel ready for a change. The easy part is knowing your goal for home remodeling — whether you’re trying to keep up with your growing family, add office space, modernize dated features or generally increase your home’s value.

Even if you’re ready for a kitchen renovation or anxious for a bathroom remodel, figuring out how to plan a home renovation that doesn’t break the bank can be tricky.

Here are five key steps in planning your home remodeling project.

1. Estimate home renovation costs

As a general rule of thumb, you should spend no more on each room than the value of that room as a percentage of your overall house value. (Get an approximate value of your home to start with.)

For example, a kitchen generally accounts for 10 to 15 percent of the property value, so spend no more than this on kitchen renovation costs. If your home is worth $200,000, for example, you’ll want to spend $30,000 or less.

Something else to keep in mind: Contrary to popular belief, kitchen renovations offer among the lowest return on investment. Every dollar you spend on a kitchen remodel increases the value of your home by approximately 50 cents.

The highest return on investment? A mid-range bathroom remodel.

2. Consider home remodeling loan options

If you plan on borrowing money to fund your home renovations, there are a number of loans out there to help with just that.

  • Refinancing. Depending on your current interest rate, you might be able to refinance your mortgage at a lower rate and/or for a longer loan term, which could lower your monthly payments and help you save up for your renovations.
  • Cash-out refinance. If you have enough equity, you could also consider a cash-out refinance, which means refinancing your existing loan for an amount that’s higher than what you owe. Going this route, you pay off your original mortgage and have cash left over. Use a refinance calculator to see if refinancing makes sense for you.
  • HELOC. If refinancing sounds like too big of a leap, a home equity line of credit (HELOC) might work better. A HELOC works a lot like a credit card in the sense that it has a set limit that you can borrow against.
  • Home equity loan. Although it sounds similar to a HELOC, a home equity loan is a bit different. This loan requires you to take out all the cash at one time. They’re often referred to as “second mortgages” because homeowners get them in addition to their first mortgage.

Refinancing, getting a HELOC or taking out a home equity loan are all big decisions, and it can be tough to know which one makes the most sense for you. As with any new loan, consult with a lender to see which option is best for your situation.

3. Get home renovation quotes from contractors

Some contractors will give you an estimate based on what they think you want done, and work completed under these circumstances is almost guaranteed to cost more. You have to be very specific about what you want done, and spell it out in the contract — right down to the materials you’d like used.

Get quotes from several contractors, but don’t necessarily go for the the lowest estimate. A bid that comes in much lower than the others could be a sign of a contractor who cuts corners — which can lead to extra costs in the long run.

4. Stick to the home remodeling plan

As the renovation moves along, you might be tempted to add on another “small” project or incorporate the newest design trend at the last minute. But know that every time you change your mind, there’s a change order, and even minor changes can be costly. Strive to stick to the original agreement, if possible.

5. Account for hidden home renovation costs

Your home may look perfect on the outside, but there could be issues lurking beneath the surface. In fact, hidden imperfections are one of the reasons renovation projects often end up costing more than anticipated.

Rather than scramble to come up with extra money after the fact, give yourself a cushion upfront. Factor in 10 to 20 percent (or more) of your contracted budget for unforeseen expenses, as they can — and do — occur. In fact, it’s rare that any project goes completely smoothly.

Related:

Note: The views and opinions expressed in this article are those of the author and do not necessarily reflect the opinion or position of Zillow.

Originally published June 2015.

Source: zillow.com

What the Flip? This Refurbished Asheville, NC, Home Made a 6-Figure Profit

Flipping a house is a lot of work, and can yield a big profit. But not every project is guaranteed to be lucrative. So what’s the key to successfully making over a fixer-upper and selling it for a gain? Our new series, “What the Flip?” presents before and after photos to identify the smart construction and design decisions that ultimately helped to make a house desirable to buyers.

For years, the city of Asheville, NC, has been a popular place to live. It’s earned a reputation both as a cultural hub and as an outdoor lover’s dream, with easy access to Great Smoky Mountains National Park and the Appalachian Trail.

Those facts—coupled with the notion that the COVID-19 pandemic has prompted people to re-evaluate where they really want to live—made Asheville and the surrounding area especially hot in 2020.

“The market in Asheville has significantly increased over the last year. We are experiencing record demand from buyers who are coming from major metro areas,” says the real estate agent Mike Figura, broker and owner of Mosaic Community Lifestyle Realty in Asheville.

“At the same time, fewer people are listing their homes, causing low supply, tight inventory, rising prices, and frequent bidding wars.”

Any seasoned house flipper can see the opportunity in a city like Asheville, especially if it’s a seller’s market. That’s why we were excited to find this fixer-upper turned polished property in the heart of the West Asheville neighborhood.

The six-bedroom, four-bathroom home was purchased for $276,000 in January 2020. After a top-to-bottom renovation, it was listed just six months later for $500,000. It sold in a little less than a month, for $525,000.

Of course, it wasn’t just the hot market that brought such an amazing profit, although the flip was pretty impressive, so we’re guessing that did help a lot, too.

We went straight to our experts to find out which changes are likely to have lured in buyers, and to discover how you can make that happen with your home, too.

Front porch

The old front porch lacked curb appeal. All the windows and doors made it difficult to determine where you were supposed to enter the house. That’s not the kind of impression you want to make on potential buyers.

“By removing the existing doors and creating a new front door, the entry feels like it has a sense of arrival now,” explains Adrienne Valenza, an interior designer at Adrienne Valenza Design. “Replacing the windows with new, Craftsman-style windows also added to the charm.”

The dirty and dingy feel of the old porch was also a big negative. Thankfully, the flippers didn’t stop at changing out doors and windows; they also went to work with scrub brushes and buckets of paint.

“By cleaning up, and painting light, beachy colors on this porch renovation, it helps create a welcoming feeling, while adding tremendous curb appeal,” says Mike Syms, of Full Scale Renovations.

Living room

Talk about fresh and clean! This living room got a major glow-up, and our experts are feeling it.

“By removing the carpet and refinishing the wood floors, it gives the room much more of a sophisticated look, which is further echoed in the color palette,” says Valenza.

It also doesn’t hurt that the furniture, fixtures, and fireplace are no longer reminiscent of something you’d find at grandma’s house. Modern buyers want a modern home, and the outdated look of this living room gave buyers the impression that they were looking at a major project.

In the end, the most subtle new feature of this living room is the ceiling.

“The addition of the ceiling bulkheads on this living room remodel adds a lot of interest and provides a feeling reminiscent of a modern hotel,” says Syms. “This detail will make potential buyers remember this house as something unique and different from all the others on the market.”

Kitchen

The previous kitchen in this house was outdated, with a layout that just didn’t work. Its foldable table just screamed that the room didn’t have enough workable space. But the renovated kitchen is now a place for cooking, entertaining, and feeling at home.

“Changing the layout of this kitchen and opening it up to the living room was a fantastic use of the space. It’s so much more functional and open now,” says Valenza. “Continuing the color palette from the new living room was also a smart decision; it makes everything feel more spacious.”

And at a time when people are taking up home cooking instead of dining out, spacious kitchens are definitely a selling point.

“This kitchen remodel will add a ton of resale value to this home,” says Syms, “by getting rid of the textured ceiling and outdated yellow paint and adding the large island with quartz countertops. The new finishes provide a clean and contemporary look that homeowners love.”

Other touches to the kitchen, like the “dramatic, scalloped backsplash tile and the free-floating range hood,” add a touch of class, Syms says. All that goes a long way toward helping the home to stand out in the minds of potential buyers.

Bathroom

The bathroom in this home is small, which is a tough sell, now that buyers are looking for bathrooms that look more like spas.

While the flippers didn’t have the space to make the bathroom larger, they did know how to make the most of what they were working with.

“They did a great job with the new layout. It’s a functional bathroom that feels much larger than it did before,” says Valenza.

The new vanity gives the bathroom “much-needed additional storage space,” Syms points out. No one wants a bathroom that can’t hold their essentials.

“The details are simple without being boring,” says Valenza. “Using the monochromatic patterned floor tile as a border in the shower is a great way to add visual interest without overwhelming the space.”

“It adds a high-end custom look that potential buyers would love,” says Syms of the patterned tile in the shower. And that’s the goal when flipping a house, right?

Source: realtor.com

Homes With a New Kitchen List for More and Often Sell Above List Price

January 20, 2021 January 21, 2021 by Lexi Klinkenberg

Updated on January 21st, 2021

The kitchen is one of the most important rooms in a home, serving as both a central meeting place for family and a functional area necessary for preparing meals. So it’s easy to understand why a state-of-the-art kitchen is a must-have for millions of homeowners from coast to coast. For those considering home upgrades, the kitchen is a great place to start. A kitchen remodel can add value for current homeowners, and appeal to homebuyers if you’re looking to sell in the near future.

Modern kitchen with breakfast bar

Modern kitchen with breakfast bar

A kitchen remodel can increase your home value

For homeowners who plan to sell their homes any time in the future, value is an important point of consideration. A new kitchen can play a significant role in higher than average list price, while an outdated kitchen that doesn’t meet functional needs can deter buyers in any housing market.

Think renovating a kitchen isn’t a big deal for prospective homebuyers? It is. It’s possible to recoup virtually the entire cost of a kitchen upgrade in the purchase price, giving you the opportunity to remodel your kitchen from top to bottom, with less concern for expenses.

Homes with new kitchens are rated number 1 for most valuable home improvement trends. The median list price on homes that have a new kitchen is $14,500 more than the national median, and on average, these homes sell for above their list price.

When planning a kitchen remodel, be sure to consider both what makes the most sense to you as well as what will appeal to most homebuyers in your area. For example, if you live in Atlanta, GA, and want to upgrade your countertops, opting for the most valuable trend, quartz, is probably a better option than granite. Someone who specializes in kitchen remodeling can also help you identify regional trends to ensure you make the best possible choice for your home.

In addition to increasing the value of your home, here are 5 other reasons you should consider remodeling your kitchen.

1. Improved lifestyle and convenience

For most homeowners who are planning on remodeling their kitchen space, convenience can be a primary motivator. If your kitchen can’t meet all of your needs, whether it’s too small or situated in an inconvenient manner, an upgrade is a great decision.

As you move forward with your kitchen remodel, determine what you need out of your kitchen and what is required to fulfill those needs. For example, if you need more space to prep and cook, extending your counter or adding an island might be the ideal solution. On the other hand, if you need more storage, an island or hanging cabinets could help you get the extra room to store your pots, pans, and dry goods. If you’re not sure where to start, speak with local kitchen renovation pros to identify the available options for your current kitchen space.

2. Better design and appearance

Kitchen remodels are often functional, but they can be beautiful, too. Upgrading your kitchen can both expand the area you have for food prep and can become a space you enjoy spending more time in.

If you don’t like the look or feel of your kitchen, a kitchen upgrade can bring your home into the twenty-first century. From counter materials to new cabinets, there are tons of ways to improve the space in your home. Some of the most popular kitchen features we are seeing nationwide include, granite countertops, an eat-in area, stainless steel appliances, and hardwood floors. You can definitely follow your own tastes to create the kitchen of your dreams or enlist the help of a pro to recommend more current trends. Regardless, the right approach to a remodel can guarantee a room that looks amazing and feels great, too.

kitchen lighting

kitchen lighting

3. Create additional space

If you’re tired of cooking and cleaning in a small, cramped space, a new kitchen can make all the difference. Renovating your kitchen can maximize the space you have available, making it much easier to cook meals and spend time with family.

Even small homes can be improved with remodeling opportunities. This can include adding things like extra cabinets or even kitchen islands. If space is really tight, taking down walls or expanding storage – like adding a new pantry or cabinets – into bordering rooms can free up storage options in your kitchen in a way that maximizes functionality.

4. Improved technology options

Kitchen technology isn’t a one size fits all option. If your 1980s fridge and old school oven can’t meet your needs, it may be time to upgrade. A customized kitchen remodel can also focus on technology. If you’re looking for higher-tech kitchen solutions, upgrading might be required.

Kitchen appliances come in all shapes and sizes, from fridges with Wi-Fi capabilities to ovens that provide quick preheat functionality and will have you ready to cook within minutes. Upgrading your kitchen with the latest and greatest technology can make cooking and preparing meals faster and easier. Start trawling home improvement stores and working with a kitchen renovation contractor that is knowledgeable in high tech options to help you weigh the pros and cons of each new kitchen appliance. No matter what you have in mind, there’s an option out there ideal for you.

5. Eco-Friendly Upgrades

If climate change or saving money on utilities are concerns for you, your kitchen remodel may be focused on implementing eco-friendly options for more sustainable living.

Appliances that offer great functionality while also reducing waste are available in countless forms, from low-energy refrigerators to microwaves with convection options. Those who want to truly maximize eco-friendly home upgrades may want to go beyond the kitchen alone, but Energy Star appliances can make it much easier to minimize your impact on the environment – and save money.

Remodeling a kitchen is never a requirement, but if you plan to sell soon or aren’t completely satisfied with the cooking space in your current home, a remodel is a great opportunity. Partnering with a kitchen remodeling company can ensure you tick every box, giving you access to pros who can identify needs and provide solutions that meet both functional and fashionable options within your budget. Whether you want more space, better tech, or to sell for more, it’s never too late to upgrade your kitchen.

Source: redfin.com

Renovate or Sell? Why We Bought a New Home

When we bought our first home in 2013 we thought it would be our forever home. We planned on renovating once we were in a better place financially, but 6 years later we found ourselves struggling with the decision to renovate or sell.

Madeline Harper Photography

We lived in an ideal neighborhood with the best neighbors, however, there were a few things missing that we wanted. We wanted more room, such as a big kitchen for entertaining, an additional bathroom, and space to escape such as a media room or office. Our home was 1,750 sq. feet with four bedrooms and 2 two bathrooms and a nice sized backyard. Our kitchen was small and only had room for a round table that fit 5 people. We also wanted a neighborhood pool!

RENOVATE:

I spoke with quite a few people who had done major renovations and realized it would be a major undertaking. Not only financially but mentally. We wanted to blow out walls, extend the back of our home to widen our kitchen, remove popcorn ceilings, replace trim and doors, raise ceilings, and add on a bathroom and extra room which meant lots of square footage. There would be rearranging of plumbing for the kitchen and bathroom. We also wanted to change the flooring throughout the entire home. 

We planned on taking out a home improvement loan and doing all these renovations at once. We don’t have family in town, so we would have had to rent something during that time which is stressful and an added cost. How long would have construction taken? Three months? Six months? Twelve months? There’s no promise with a major renovation.

BUY:

And then one random day our friend who happened to be our Realtor sent us a text of a home she thought we might like. She knew we wanted more space, and found a home in our neighborhood that was a good fit. For the first time, I began thinking about the possibility of buying a home vs. renovating. 

Long story short, we didn’t buy that home but found a new build we liked while searching Homes.com. We instantly fell in love, and the dilemma of buying vs. renovating kicked in. 

Madeline Harper Photography

PROS & CONS:

How much would renovating really cost? We estimated $100,000 – $150,000 to get everything we wanted including appliances. However, we still wouldn’t get the neighborhood amenities we desired (still holding out for that pool). There is also the stress of a renovation can bring. I consider myself high strung and am easily stressed. Just thinking about a major renovation stressed me out. My Realtors advised the following as we were making our decision, “before embarking on any renovations projects it’s important to understand the property values in your neighborhood so as not to over-improve. If planned renovations are extensive and costly, it may be better to buy new. Kitchens and bathrooms typically receive the highest return value.” 

Studies show over half of homeowners go over budget when remodeling, and can spend $5,000 to $60,000 on a kitchen remodel, it can add up quickly! However, if we moved we would be further from work and move away from neighbors we loved. We were in an amazing school district and Turner had lots of friends. 

A new build was expensive, but it had everything we wanted in a home. It had all the amenities plus the kitchen of our dreams. I want to note this new build was already completed and was move-in ready, so we wouldn’t have to go through the building process. That in itself was appealing. We didn’t have to wait a year to build a home, we could simply move in once the contract was signed and have the home of our dreams. 

Madeline Harper Photography

FINAL DECISION:

Ultimately we decided to buy vs. renovate. While we miss our neighbors and shorter commute, we are head over heels in love with our new home. We sold our house for $100k more than when we purchased it and were able to use that money to put down on our new home. Every person’s situation is different so you really need to envision where you see yourself in 15-20 years. If you plan on moving out in 5-10 years, is a major renovation worth it? I definitely believe small renovations and DIY changes can make you feel more content with your home. I painted EVERY piece of trim and cabinet in our first home white and that alone made a huge difference.

Madeline Harper Photography

Good luck in your home journey, and check out Homes.com if you are currently searching. They are Realtor friendly and easy to use!


Jesse Coulter

Marketing Program Manager by day and blogger by night, Jesse writes about style, motherhood, travel, and home decor. A native Texan, Jesse and her husband, Alex are parents to their six-year-old son, Turner Jack, and three-year-old boy/girl twins, Walt and Whitney.

Source: homes.com

Pizza Delivery is for Millionaires

My son and I are having a beautiful Saturday night here at home. The sun is setting over the mountains outside my bedroom window and I’ve just finished baking a pizza which I am about to serve up for his dinner.

Although our day has been very simple, there has been an underlying magic within it that triggered an epiphany that I just had to write to you about. Because within this simple moment seems to be the secret to pretty much everything.

We woke up to a cloudless blue sky and were treated to summer-like warmth even though it’s November. I served up a French toast breakfast and then we ate together as we made plans for our day. We decided the first stage would be some computer work for him, while I went out to do some yard work and a bit of maintenance and cleanup on my construction van, to get it ready to lend to a friend.

Stage Two was our big walk downtown. Little MM wanted to get some shots of old buildings as part of an assignment for photography class, and I wanted to fix a minor leak in the roof of the MMM HQ Coworking building, so we decided to combine the errands. The walk was long and adventurous and we even stopped for some exorbitant ice cream cones on the way, courtesy of a gift card I received for helping someone last month.

We got it all done – Little MM got his 24 required shots, I fixed the roof and also ran into my co-owners Mr. and Mrs. 1500 who were setting up the building for a group breakfast tomorrow. So my boy and I strolled the 1.5 miles home through the sunny leafy autumn streets of Longmont and settled in for the night.

I popped one of my homemade pizzas into the oven. Because it was a big one, it was going to take at least 25 minutes to cook so I figured I’d use that time to shower off the day’s dust and sunscreen. But then I noticed my hair was starting to get a bit out of control so I gave myself a quick haircut before the shower.

And as I stepped out of my room, dressed in clean clothes and feeling sharp and healthy and arriving in the fancy kitchen I built last month just as the oven beeped to indicate the pizza was finished, I realized that this is the secret to wealth. Days like today. Monetary wealth for sure, but also every other kind of wealth.

We had just enjoyed an almost perfect day almost effortlessly, just by having the right habits in place.

We had a shitload of fun, socialized and exercised and advanced the projects that are important to us. But simultaneously, we spent very close to zero dollars, and left the world mostly unscathed as we finished our day.

The beeping of that oven full of homemade pizza was what really set off the epiphany in my head.

“Damn”, I realized, “even with all this excess money building up over the years, it didn’t even occur to me to order a pizza. It’s just automatic, and thus faster and cheaper and healthier, to make my own.”

Plus by avoiding the delivery I am saving my neighbors from one gas-powered car bringing an unnecessary extra serving of danger and pollution onto our street. It’s a three-way win with no losing involved.

Ordering a decent extra-large pizza including tax, tip and delivery: $20
Dad’s Homemade pizza: about $4
Difference: 500%

Sure, the difference here is only sixteen bucks, but I wanted to highlight the percentage difference instead. Because if you apply this philosophy of efficient, automatic habits all through your life, it really does tend to cut your costs so that your life becomes 2, 3, 4, or even 5 times less expensive.

So I thought to myself “WHY does anyone who is not even a millionaire yet, or even worse who has a mortgage or credit card debt, still do something as frivolous and easily avoided as ordering a pizza?*”

With that example drawn out in detail, let’s look at some of the other details of this day:

New kitchen in my latest frugal fixer-upper house in progress. Even the toaster is fancy!

My new kitchen which made that pizza cooking so enjoyable was built on a total budget of about $6000 including changing the floorplan, electrical, plumbing, cabinets, countertops and all the appliances.

This is less than half of what custom-ordered cabinets alone would have cost, and a full kitchen remodel of this type usually tops $25,000. But by getting assemble-it-myself cabinets from Ikea and my appliances from Craigslist and doing all of the work myself, I cut the cost by about 75%, while earning plenty of great physical exertion and satisfaction at the same time. Savings: about $20,000 or 80%

My son is in the public middle school rather than in the private school across town, which is where some of the other multimillionaire parents send their kids. If the private school were better for his needs, of course we could afford to send him there too. But we gave the local option a chance and it has turned out to be an incredible place for him. Savings: about $20,000 per year or roughly 100%

We chose walking as our means of transportation, and if we were in a rush we would have ridden our bikes. This habit of not driving doesn’t just save me gas and maintenance money, it also allows me to keep an older vehicle. I have a 1999 Honda van that is still in sparkling new condition.

She just reached drinking age, all cleaned up for her first can of Coors Light!

It stays new because I barely use it, because I have designed my life to be within an entirely muscle-powered radius. But this brand-new van is worth less than two grand and insurance is about twenty bucks a month. Maintenance is less than $10, registration is $5. Savings versus owning an “average” $35,000 American car and driving an average amount: about $600 per month or 90%.

We didn’t go “shopping” (100% savings), watched a movie at home instead of the theatre (100%), I cut my own hair for the something-hundredth time (100%), we advanced our health rather than chipping away at it (100%), and built this warm caring relationship with each other as well as with our friends (priceless).

And there were all sorts of other less tangible things working in the background too. I bought a commercial building and started this coworking space as a way to pass the time and spend time with old and new friends – the same reasons that someone might buy a vacation home in the mountains or at the beach.

But instead of costing me a few thousand dollars per month and requiring 100 miles of driving every time I visit, this building is just a pleasant walk from home and it generates thousands per month in cashflow and appreciation. It is great for the mental and physical health of all of our 75 members and growing, and we all save money by being a part of this community.

Mr. 1500 and I hosting a party at MMM-HQ for the first screening of the Playing with FIRE documentary, April 2019

The funny part of all this is that today was a completely normal day for us – most of my days are very similar to this one. The only unusual part was that I happened to take a step back and actually notice it. And that is really the point of this whole article:

We get used to our daily routine, and think of it as “normal”, even if it is completely ridiculous.

In recent months, I have just had my eyes re-opened as I have had more contact with people who are living more typical American lives than me. Their normal is different than mine, so when I visit I happen to notice the differences – more car trips and impulse purchases and pizza deliveries.

These people are not living lifestyles that appear exorbitant at all, and their houses aren’t packed with expensive things. But these little 5-to-1 differences just silently happen, quietly and consistently and add up to perhaps $100 per day, when compared with a more streamlined lifestyle.

And $100 every day becomes $36,500 every year, and if you invest that conservatively it will compound into about $520,000 every decade.

$520,000 per decade.
Just from the tiny mindset switch between
“hey lets order a pizza”
versus
“Hey, let’s throw a pizza into the oven.”

I really think this is important, and as this whole “FIRE Movement” thing grows, some people are getting soft and complaining that Mr. Money Mustache is “too extreme”, and so we should take a gentler and easy path and let our spending get sloppy if that is what’s right for us.

The thing is, this is usually just wrong. It’s laziness rather than practicality. Because Mr. Money Mustache is already plenty spendy, and plenty sloppy – well beyond the level required to live a happy life.

I can afford to live this way, because I’m old and wealthy now. If you are still young and poor, you should be spending less than me, not more.

So, pizza delivery is for millionaires, and it’s also time to put away those car-clown keys and get back on your bike. We’ve still got work to do.


* Of course, this is a perfect-world generalization. Real life has room for joyful exceptions and imperfections. But you have to know the reality of what you should be doing, before you can safely start making exceptions like ordering your pampered ass a pizza.

Source: mrmoneymustache.com