How Much Do Granite Countertops Impact Home Value?
“Buy low and sell high” is the one of the most important pieces of advice you’ll receive regarding any investment. Buying a home is usually a long-term investment, and many homeowners just assume it will improve in value over the years. The problem with that thought is that a home can also depreciate – particularly if it becomes dated and run down. The current condition and any improvements made are huge factors in overall property value.
The housing marketing is booming in Wilmington, North Carolina so if you want your home to fetch top dollar and be easy to market, you have to understand how to make smart improvements. For example, granite countertops have been popular long enough now that it is safe to assume this improvement is not losing its popularity anytime soon. Buyers love granite and are willing to pay a bit extra for its unique nature, durability, and easy maintenance.
An increase in value is often referred to as ROI (Return on Investment) or the increase in value in relation to the cash outlay. Overall, a renovated kitchen can increase a home’s selling price by 80% to 100% of the cost of the project. The more dated the current kitchen, the more of a return you can realize. Value is not just a dollars-and-cents factor, however, as your enjoyment is also valuable.
If you are ready to modernize your kitchen and want to enjoy the added value of granite countertops, we invite you to contact The Kitchen Man here in Wilmington, North Carolina! We are ready to answer any questions and can provide you with a free estimate in an effort to help you get started making your home more valuable.