YOUR HOME MARKET, REGION & PRICE RANGE
Renovating your home can be exciting especially when it comes to upgrading your kitchen where changes not only enhance your everyday experience, but can often offer a great return on investment. For instance, according to a report by Nationwide Mortgage, 48% of millennials, would rather buy new construction instead of spending money on a home that would require renovations. Since millennials currently comprise 38% of homebuyers, investing in some new appliances may make your home more appealing to potential buyers.
How much value is added to your home will also depend on the housing market, region and price range of properties in the surrounding area. Research houses in your neighborhood that are priced comparably to yours, so that you can gauge what buyers are looking for. Additionally, you'll want to model your home closely to others in your area.