Posted by on Jul 15, 2014 in Kitchens, Remodeling | 0 comments

Note from Fran: In this article, we are featuring Crystal Kennedy, CKD from Pacific Northwest Cabinetry. She is the designer on many of our kitchen remodeling projects.

When it comes to remodeling your kitchen, there are many things to consider, and one of the most important is your return on investment (ROI). Kitchen remodels can be one of the more expensive home improvement projects, so it is important that you base your return on a few factors.

First, from a financial perspective, consider what the average return on investment is for your area. Here in the Portland area, 78.4% of a mid-range kitchen remodel and 71% of an upscale kitchen remodel costs were recouped in 2013. This is up from 2012. Knowing these figures can guide you and your kitchen designer in balancing choices for your kitchen that make sense today … and down the road.

Here are three important factors to help you determine the best return on investment for your kitchen remodel project.

 

How Long _ pg 8 (1)

Factor #1: How long will you stay in your home?

If you are planning to sell your home in the next 3 to 5 years, a certified kitchen designer will advise you to make decisions that are less trendy. That way, when it comes time to sell your home, the finishes and fixtures you selected will appeal to the broadest community – even if they aren’t your favorite.

“Your goal in this scenario would be to make your home appealing to the buyer so they see it is move-in ready,” explains Crystal Kennedy, Certified Kitchen Designer for Pacific Northwest Cabinetry.

For instance, if you live in a neighborhood that is desirable to young families, you may pick flooring and countertops that are durable and easy to clean. She continues, “Conversely, if you plan to be in the home for many years, you may make selections that reflect your specific taste and style.”

Neighborhood pg 3

Factor #2: What’s your neighborhood?

Overspending for your neighborhood can easily happen in a kitchen remodel project, so work with your kitchen designer to ensure that the money you are investing into your kitchen is wisely spent.

“Structural remodels can be much more expensive than pull-and-replace remodels,” says Crystal. She notes that if you are planning to sell your home soon, sometimes it doesn’t make sense to bump out a wall or add a door.

“Certainly, if one of our clients really wants a particular feature or item, it becomes a matter of balancing return on enjoyment with return on investment – but it is our job to advise them based on their goals,” she says.

Your Budget_pg 7

Factor #3: Your budget.

Design choices and selections can vary greatly, which can quickly increase the cost of the overall kitchen renovation project. For example, new granite countertops can cost thousands of dollars while a laminate will run about a third of the cost.

Crystal notes, “You can spend up to $70 a square foot for tile backsplash or you can spend much less on white subway tile, for example, and still attain that classic look that won’t date the kitchen in a few years.”

Because there are so many fixtures and selections that can drive up the cost of a kitchen remodel, Crystal will accompany her clients to the showrooms to help them make the selections – so they stay on budget.

Crystal concludes, “It is important that your kitchen design specialist understand your overall goals. That way, she can guide you into making choices that maximize your return on investment.”

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Crystal Kennedy is a Certified Kitchen Designer. She has studied kitchen design at length, so when she designs a kitchen, she is designing one that works aesthetically and functionally.

Visit our portfolio to see more of our remodeled kitchens.

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