According to the National Kitchen and Bath Association, over 10 million kitchens undergo renovation each year. Home improvement ventures have grown in popularity over the last couple of decades, with numerous homeowners recognizing the benefits of upgrading their houses. The kitchen represents one of the most essential areas of a house, and transforming this space can exponentially improve the quality of life enjoyed by the household involved.
Some of the major benefits that can be enjoyed with a Needham MA Kitchen Remodeling project include:
A kitchen remodel allows homeowners to improve the overall functionality of the room. This is a crucial element when it comes to improving the safety levels of this space which is extremely important and not so easy to achieve. This area is filled with numerous elements that can prove dangerous to individuals. According to a report published by Beaumont Emergency Hospital, over 60% of home fires start in the kitchen and over 300,000 people are injured by knives. Stoves and ovens can result in cooking fires and scalding, while sharp wares such as knives can result in accidental cuts when improperly stored. Issues that should be addressed when looking to enhance functionality include creating clear pathways that will make it easier for individuals to move from one place to another, fire safety measures including the placement of extinguishers in accessible areas, and the safe storage of knives and other sharp objects.
According to a survey published by the research website Statista, one of the primary reasons that individuals remodel their kitchen was that they could no longer stand the appearance of their current setting. Enhancing the aesthetics of the area involved is arguably one of the biggest motivators behind renovation projects.
Great Return On Investment
Another major benefit of Needham MA Kitchen Remodeling projects is the financial benefits enjoyed with the venture. According to a consumer report published by Zillow, 58% of individuals who were surveyed relayed that the kitchen played a major role in the decision-making process when buying a house. These activities can bring about an ROI of up to 80% depending on the particular upgrades involved, making it an effective means of enhancing the potential valuation of one’s residence. Studies related to the ROI involved with kitchen remodels found that national minor kitchen remodels that cost less will likely feature a higher return on investment compared to mid-range and major renovations. A cost vs. value report published by Remodeling Magazine in 2018 found that a minor kitchen remodel with an average cost of $21,198 will have an ROI of $17,193 which represents a return of 81.1%. A major kitchen remodel with an average cost of $125,721 will bring about a return of $67,212, which represents a 53.5% return. The region involved will also play a role in determining the ROI level enjoyed, with areas in the Pacific region such as California, Oregon, and Hawaii having the highest ROI levels.
Hiring an established remodeling company enhances your overall chances of a successful venture, so call us today! Exponential Construction, your preferred contractor!