{"id":18276,"date":"2021-07-26T15:15:00","date_gmt":"2021-07-26T22:15:00","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=18276"},"modified":"2021-07-26T11:35:01","modified_gmt":"2021-07-26T18:35:01","slug":"kitchen-renovations-could-increase-the-home-value-by-4-6","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2021\/07\/kitchen-renovations-could-increase-the-home-value-by-4-6\/","title":{"rendered":"Kitchen Renovations Could Increase The Home Value by 4%-6%"},"content":{"rendered":"<p style=\"text-align: justify;\">Done correctly, kitchen renovations can add significantly to the resale value of homes.<\/p>\n<p style=\"text-align: justify;\">\u201cIt could increase the value of the home by 4-6%,\u201d said Tom Storey, team lead at Royal LePage Signature Realty. \u201cIt\u2019s really just a return on the money you\u2019re putting in. If you\u2019re putting in $50,000, it could get you $75,000-80,000 in pure ROI dollars, but it has to be done correctly. It\u2019s not like just any renovation can add value to your home. If you do it the right way and don\u2019t use cheap materials, it could make a difference. What a lot of contractors will tell you is to spend extra money on the things you will touch every day, like a doorknob, tap, fridge, because you will notice those things more as you live there.\u201d<\/p>\n<p style=\"text-align: justify;\">It\u2019s easy to break the bank on a kitchen renovation and that might limit how much can be added. Andrew Hibbs, owner of Edmonton-based Kitch, noted that, much to the frustration of homeowners, there\u2019s a substantial gap between expensive, tailor-made kitchen products and standard Ikea systems that can be bought off the shelf.<\/p>\n<p style=\"text-align: justify;\">\u201cThe kitchen is the hardest to redecorate because you\u2019re not just throwing down a rug. Having an older home or a newer home with new cabinetry that has a current look is the key to selling your house for top dollar, and selling it quickly,\u201d he said. \u201cMore people are of the opinion that they don\u2019t want to go full custom shop because the timelines are longer these days and price points creep up every time they want to add another nook and more detail.\u201d<\/p>\n<p style=\"text-align: justify;\">Kitch\u2019s cabinetry and shelving are made for inexpensive boxes, which Hibbs says reduces both price and delivery lead time. Moreover, a good kitchen renovation, which would typically run $20,000-40,000, can even double the value of the room.<\/p>\n<p style=\"text-align: justify;\">\u201cI would say that for any kitchen reno, whatever you put into the kitchen you\u2019ll probably see a double return on it, at least,\u201d said Hibbs. \u201cIf you put $30,000 into your kitchen, you should see $60,000 back on the sale end, but it also depends on the rest of the property too. In general, you double your money.\u201d<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.canadianrealestatemagazine.ca\/news\/renovations-can-double-the-value-of-kitchens-334769.aspx\" target=\"_blank\" rel=\"noopener\">Renovations Can Double The Value of Kitchens<\/a> by Neil Sharma | Canadian Real Estate Wealth<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Done correctly, kitchen renovations can add significantly to the resale value of homes. \u201cIt could increase the value of the home by 4-6%,\u201d said Tom Storey, team lead at Royal &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2021\/07\/kitchen-renovations-could-increase-the-home-value-by-4-6\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-18276","post","type-post","status-publish","format-standard","hentry","category-home-lifestyle"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Kitchen Renovations Could Increase The Home Value by 4%-6% &#8226; 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