Return On Investment Granite Countertops
Installing granite countertops in your home can really add new life and a premium look to your kitchen.
Return on investment granite countertops. Architect steve straughan recently finished work on a 250 000 home theater room with a 12 foot wide screen and an elaborate sound system. Rather than going for a grade 5 consider a grade 2 where you ll get a better return on investment. It s simply about making dreams come true. The monetary investment will be worth it in the long run not only for the elegance and appeal but it will add anywhere from 20 30 of the cost.
Granite alone will not help it sell. Either installing from the building process or replacing the old laminate countertops the investment you are making by upgrading to granite countertops is a no brainer. People love the aesthetic appeal and longevity of granite and are willing to pay a bit extra for its unique nature stunning beauty great durability and ease of. Guide both major and minor kitchen updates which use laminate countertops can recoup between 65 and 80 percent of the investment.
While many remodeling projects do not provide a return on the investment made updating your kitchen could return 80 to 100 of the project s cost when its time to sell the home. What return on investment will you get from new kitchen countertops while the answer is unique to each person most people who install replacement kitchen countertops get quite a bit of enjoyment and practical benefit from them. There s not a home we re doing that doesn t have a home theater straughan says. Granite surfaces are among the most sought after features in a home.
Granite countertops add value to homes in high end neighborhoods but will not recoup as much of the investment when installed in neighborhoods where most homes have laminate. Across every region in the report a minor kitchen remodel offers the best return on investment of any kitchen remodel type. Homeowners in the pacific region california hawaii washington oregon and alaska see the highest minor kitchen remodel roi at 92 9 percent based on an average kitchen remodel cost of 23 587 and an average recouped. Opt for neutral colors and patterns that complement your cabinetry.
Granite countertops come in different widths colors patterns and finishes. Real estate experts and buyers often evaluate a property s value based on price per square foot. Luxury items such as granite countertops may figure into the price but not necessarily dollar for dollar. For some homeowners home improvement isn t about return on investment.
Granite countertops have been popular for many decades and are almost guaranteed to never go out of style. There are shortcuts if you want the beautiful surface on a budget. For instance there are assorted grades of granite rated 1 5 or on various scales depending on the manufacturer. Choose the right one to secure the maximum return on investment when you sell your house.
How to calculate roi on new kitchen countertops.