One of the most effective remodels you can do to maximize ROI is the kitchen. Per Remodeling Magazine’s Cost vs. Value 2019 report, even a minor remodel is able to recoup about eighty percent of the cost.Kitchens are among the highest priorities when it comes to what buyers are looking for. Along with the bathroom, the kitchen is where the most amount of time is likely to be spent and it’s also where there are likely to be big-ticket items. To increase your kitchen remodel ROI, consider the following tips.
Evaluate the neighborhood. Do you have a solid foundation of what kitchens in the area are like? Maybe granite countertops are common, but stainless steel appliances aren’t. You want to meet expectations without going overboard.
Don’t forget the faucets and hardware. You may be surprised by what a new set of cabinet knobs or handles can do to spruce up a look. Something classically modern is a safe bet without going too contemporary.
Spruce up the paint. The right color in a room can instantly give it a new, completely different look. Any holes caused by screws or drills should be smoothed out. Strongly consider a primer if you feel it’s necessary before beginning the paint job.
This update is by Florida hard money lender Monroe Funding Corporation, a direct equity lender serving clients throughout Central and South Florida. We specialize in first mortgages on non-owner occupied residential and commercial property investments as well as real estate loan options. Our fast and flexible loan programs get you to the closing table quickly and professionally. For more information on hard money loans Miami, please call 954-816-0388 or fill out our application.