Kitchen Remodeling in a Recession

When you are thinking about remodeling your kitchen, you are doing so with a few motives in mind. One key motive high on the mind of homeowners doing kitchen work today is that it will increase the resale value of their home. But in today’s day and age, it can be very easy to get caught up in the trends and create the kitchen of your dreams.  Here we discuss some key points when it comes to remodeling your kitchen in this economy.

Considering the resale value of your home is important when you are remodeling your kitchen today. Of course, that’s a no brainer.  However, if you are remodeling your kitchen because you are selling soon, you need to keep today’s real estate market in mind as well. Remember that today’s home buyer is just as budget conscious as you.  And you may not get back the $30,000 you put into a brand new kitchen, just because on paper it sounds like a good idea to update before you sell.  Today’s home will sell for less than it would have before the Great Recession, and many homeowners forget this thinking that a new kitchen will be the answer to their home selling needs.

Now is the time then to consider spending money on little accents rather than complete overhauls.  Think of things like updated paint or tile, or fixtures for your faucets, sink, or lighting.  As well, adding new knobs to the cabinets may be just the sprucing up you need when you are remodeling your kitchen in a recession.  With kitchen design today, not falling for the latest trends IS the latest trend.