“Can a kitchen renovation increase home value?”
This is a great question that many are asking! In most cases, renovating your kitchen can positively impact the value of your home, especially if you’re looking to sell your home in the near future. Keep reading to learn more about how your Knoxville home renovation can add to the value of your home!
It’s no surprise that in 2022, homebuyers want a functional, stylish, and up-to-date kitchen. According to a recent survey, more than 80% of homebuyers placed a kitchen in their top 3 most important spaces followed by a master bedroom, and living room (realtor.com). When it comes to renovating your kitchen, homebuyers are looking for an open concept design with table space for eating, a significant amount of cabinet storage, and a large space to prepare and cook food.
Did you know that buyers are also will to pay up to 4% more of the asking price for high end kitchen features? Not only will a renovated kitchen help your home sell faster, but it’s in the highest category with an estimated return on investment (ROI). As a matter of fact, the ROI for a major kitchen remodel is almost 54%!
Ready to start renovating? Standard Kitchen and Bath is here for you. We are a family-owned business serving the Knoxville community and East Tennessee since 1956. With over one-hundred years of combined experience, our team of designers are ready create the kitchen design of your dreams, all while exceeding your expectations so that you can get the best ROI.