Kitchen remodels are known as one of the best investments, but also as one of the most expensive. However, kitchen remodels can range from minor tweaks to major overhauls based on any budget. And, the most costly kitchen remodel does not necessarily have the best return on investment.
When planning your kitchen remodel in Seattle, you need to factor in the following:
- Personal Connection to the House
- Size of Renovation
- Cost vs ROI
Kitchen Renovation: House vs. Home
For real estate investors and house-flippers, kitchen remodels are all about the numbers. Their only concern is to maximize their return on investment (ROI). Thus, they focus on general appeal, like stainless steel appliances and neutral colors.
Homeowners, however, should factor in the personal return on investment. The personal return on investment takes into account how a remodeled kitchen can improve the homeowner’s lifestyle. For instance, a kitchen designed for entertaining brings family and friends together, which adds to your enjoyment in life.
The first question to ask yourself is, “How long do I plan on living here?” Living in a starter house for a couple of years differs significantly from a dream home you plan to raise your children and retire in. If you do not plan on living in the house long, standard ROI should play a large role in deciding on what kind of kitchen remodel you want. But, if this is your forever home, you should lean more heavily on your own unique preferences and personal return on investment that provides the lifestyle you want.
Minor vs. Major Kitchen Remodels
Kitchen remodels are typically classified into two categories: minor and major. The scale of work depends on the functionality and aesthetics of the existing kitchen. Though each remodel varies, here are basic outlines of what qualifies as minor and major kitchen renovations.
- Minor Kitchen Remodel: The layout of the kitchen is practical, but the kitchen is outdated or worn. The floorplan of the kitchen remains the same, but the oven range and refrigerator are replaced with new energy-efficient models. Cabinets are either painted, refinished, or the panels and drawer fronts replaced while keeping the cabinet boxes. Laminate countertops and flooring are replaced, as well as the sink and faucet, with mid-priced replacements. New paint on walls, trim, and ceiling
- Major Kitchen Remodel (Midrange): Similar to a minor kitchen remodel, except includes semi-custom wood cabinets, and midrange flooring, countertops, hardware, and sink. Additional appliances include energy-efficient range, vented range hood, built-in microwave, and dishwasher. Typically includes custom lighting as well.
- Major Kitchen Remodel (Upscale): Typically changes the layout of the kitchen to improve functionality, which may include removing walls. Cabinets are replaced with top-of-the-line custom cabinets and hardware. Countertops and backsplash are upgraded to stone or imported ceramic. Often include energy-efficient built-in refrigerator, commercial-grade cooktop, and wall oven. High-quality undermount sink, faucets, lighting, and flooring.
Cost vs ROI of Kitchen Remodel in Seattle, WA
As expected, the bigger the kitchen remodel, the more it costs. But the same correlation does not exist between cost and ROI. In fact, the return on investment often decreases as the cost increases. Does that mean you should spend as little as possible on a kitchen renovation? Not exactly.
Remember, you must always factor in your personal enjoyment of the space. Don’t limit your decisions on dollar signs alone if you plan to live in the home for a substantial amount of time. Also, Seattle residents have a unique advantage: Seattle kitchen remodel ROI far surpasses both the national average and Pacific average.
According to the Remodeling 2019 Cost vs Value Report, the national average ROI of a minor kitchen remodel is 80.5%. That is the 3rd highest ROI of any home remodel project type. As impressive as that is, the average ROI for a minor kitchen remodel in Seattle, WA is a whopping 97.1%. Such near-perfect ROI is almost unheard of. Major kitchen remodels in Seattle are also worth 13-16% more than the national average.
What Does Seattle’s Incredible ROI on Kitchen Remodels Mean for You?
Incredible ROI on kitchen remodels means Seattle homeowners don’t have to sacrifice their personal desires as much to maintain a good ROI. They are less at risk of “outpricing the market” with major kitchen remodels because the cost recouped on a major kitchen remodel in Seattle almost exceeds that of a minor kitchen remodel anywhere else in the country. That means you can have your cake and eat it, too, in your dream kitchen!
As one of the best remodeling contractors Seattle has to offer, ProComplete Homes loves helping homeowners take advantage of Seattle’s excellent ROI on kitchen remodels. We work with you to maximize standard ROI, as well as your personal ROI so your kitchen can live up to its full potential.
Contact Us today for a quick preliminary estimate.