The kitchen is an important part of any home, but especially in homes with a family that loves to cook. It is an easy place to connect with extended family, friends, as well as your spouse and children. So, when you are on the hunt to become a homeowner, you do not want to make sacrifices on the kitchen. The main reason you may be taking this into consideration is because you can always remodel in the future. But, you should understand a few things before allowing this idea to dictate your home purchase.
Lackluster Resale Value on Major Remodels
It might be tempting to buy a home with an outdated kitchen with the intention to fix it up. The problem is that the return on your investment for a large kitchen remodel is not really worth the trouble. A 67.8% return will inevitably have you losing thousands of dollars if you were to attempt to sell the home. It is better to pick a home with an updated kitchen as you will absorb some of their losses and get a property with greater long-term value as you will not need to worry about updating for years to come.
DIY Remodeling Is Not Worth the Risk
Although you can take care of some kitchen remodeling projects on your own, you will want to leave most of the major responsibilities in the hands of professionals. It is easy for things to go wrong or be complicated with the plumbing or electrical system, which puts a huge burden on your shoulders. The most that you can expect is to save a few thousand dollars by being your own contractor. But, this also gives you a large amount of responsibility that you must handle well to ensure a successful remodel.
Remodeling Takes a Lot of Time
When coming up with the initial plans for a kitchen remodel, you might only have it taking a few weeks. But, the reality is that you will probably run into some minor problems, as well as major ones along the way. This will lead to delays, especially when you have to routinely reschedule with professionals. It is rather common for one month projects to take anywhere from two months to half a year.
Remodeling the kitchen in a home you buy might be tempting as you can make sure you like every detail, but the reality is that buying a house with a nice kitchen will usually lead to an overall better outcome.
Share27 September 2016
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