Remodeling Your Kitchen in Today's Real Estate Market

by Joe Cooper
Face Your Kitchen Columnist

In a slow housing market, buyers are pickier than ever. They are looking to be dazzled at bargain prices. Kitchen remodeling will not only improve your home's value, it could give your home the boost it needs to be the best on the block.

What to Do in a Slow Market

Some improvement experts suggest that making changes to your home now, while the real estate market is slower than average, is a good choice. Whether you plan to stay or to sell, both you and future homeowners will benefit from any sort of kitchen remodeling, especially one that improves function and not looks alone.

A recent article in the Chicago Daily Herald reveals, "Replacements are king...In terms of remodels, kitchen and bathroom renovations continue to offer the highest returns." But much of the hefty cost of kitchen remodeling comes when you completely replace what you have. In the case of a kitchen, where cabinets comprise a large part of the cost, time, and hassle of remodeling, you may be able no reface instead of replace.

Refacing for the Future

Real estate market analysts agree that the housing market should rebound in the near future. Some say we will continue to see the market slow in the immediate future, while others say the fall season will bring new buyers eager to take advantage of lower prices. Regardless of the market in your neighborhood, your schedule and your budget are important considerations.

Completely replacing kitchen cabinets can be messy and costly. Refacing those kitchen cabinets can save you a lot during a time when every dollar in your home counts.

Sources

PR Newswire
Herald-Argus
Daily Herald

About the Author
Joe Cooper writes home services and design articles and edits medical literature. He holds a bachelor's in American Literature from UCLA.