When we think about family gatherings, we relish memories of loved ones gathering around a table sharing a homemade meal, conversing with drinks in front of a warm, glowing fireplace, playing ball in the backyard, or sharing summer barbeques around a picnic table. These family gatherings often have one thing in common: Food. And, more than that: shared food! When we think of investments in the home, nothing has greater appeal or return than upgrading one’s center of family-time. The kitchen!
When it comes to deciding what needs to be upgraded in any home, first and foremost one must think of the basics: Roof, foundation, siding, plumbing and paint. Frankly, if the roof leaks or the basement is moldy, who cares if the kitchen is gorgeous?
Beyond basics however, the kitchen is the first room buyers are looking to see the greatest amount of money invested. Any survey of new homes in any market reveals a simple truth: The most expensive rooms in the house are the kitchen and bathrooms. Therefore, buyers of existing homes are looking to see kitchens with lots of attention to detail that allow for the whole family to gather in comfort. And, they’re willing to pay more for the luxury. Kitchens and baths are the most notable areas in a home “where you can tell if money has been well spent or not,” says Steve Straughan, architect at KAA Design Group of LA. “They’re the most expensive areas of the home in terms of construction.”
According to Remodeling Magazine, kitchen remodels with granite or natural stone countertops return an average of 50-100% of the money invested at resale. That’s huge! What kind of an investment in the stock market delivers solid 2 and 3-digit returns? Bathrooms are about the same, on average returning roughly 40-100% of the investment. All this talk of return is absolutely dependent on your real estate market climate, and of course, one has to be a savvy buyer never losing touch with a healthy but conservative budget.
If you’re looking to stay in your home for some time, the value of living well has far greater benefits in the long run. At Classic Granite & Marble, we believe that upgrading a kitchen with style and panache doesn’t have to break the bank. Always take into consideration the value that is received through living in a space that is more functional and beautiful: value that is measured in moments, not money.
With hundreds of happy clients over the years, Classic Granite & Marble has seen more than a few sure-fire investments come to fruition. We would love to have you take a look at what we can do to make your next home investment the right one! Call us today for an appointment. 804-378-1100.