Have you been thinking about remodeling your kitchen, but you have been waiting for “the right time”? One of the best reasons to remodel your kitchen lies in the long-term investment value. A kitchen remodel has traditionally been one of the best interior remodeling projects in terms of “ROI,” or return on investment. This consistently high ROI, combined with our current Brookhaven promotion which can save you up to 50% off either your wood finish or door style, means that the right time for your kitchen remodeling project is now.
Real Estate and the Economy
In Houston we have fared better than most in an uncertain economic climate; our ROI market has remained relatively strong and stable. The Houston Association of Realtors (HAR) reports that 2010 was one of Houston’s best real estate years, ever. Because real estate markets are closely tied to a local region’s economy and job grown, the Houston real estate market has reaped the rewards of Houston’s #1 job growth rating (U.S. Bureau of Labor Statistics) and our low cost of living (#1 among 24 MSAs with population greater than 2M; ACCRA Cost of Living index). The HAR further reports that single-family homes and condos/townhomes are still in a “seller’s market,” a factor that signals continuing growth.
Remodeling and ROI
Prices remain low, making now the perfect time to act on the remodel you have been mulling over. Homeowners who are planning to move out of their current residence within 3-5 years are in a particularly good position to plan a kitchen remodeling project. General estimates across markets put a kitchen remodel in the 80%-100% range in terms of return on investment; in some markets, the ROI is over 100%. You will remain in your home long enough to enjoy the new look and the added convenience of the upgrades, while still benefiting from the ROI once it’s time to resell. Even homeowners who are planning on sta
Taking Cues from Neighbors
A few other things to keep in mind when planning your next home remodeling project:
• Look around your neighborhood: What are your neighbors doing? If they are making upgrades to kitchens and baths, it’s a good time for you to go ahead with your similar remodel.
• Interior vs. exterior remodeling: Interior remodels are usually better for improving resale value, as compared to large additions to the outside of your home that are inconsistent with the style of your neighborhood.
• You should always make remodeling choices for yourself, based on your own preferences; keep in mind that neutral colors tend to be universally appealing and make it easy to create and change a room’s look.
Our Brookhaven Promotion
Are you interested in learning more about our current Brookhaven promotion? Call us or stop in to talk to a designer about receiving 50% off either your wood finish or door style.
At Cabinets & Designs we are experts at helping our clients answer these questions, and in getting them the best return on their investment. Whether you are looking to sell your home or if you simply want to improve your quality of life through a kitchen renovation, we are ready to help! Call, or stop in to our showroom today to talk to a professional about your kitchen remodel.