It Pays to Remodel Your Kitchen Before Selling Your NJ Home

We’ve all heard the saying, “The kitchen and the bathroom are the most important rooms in a home.” It’s not only a saying; it’s a truth. The kitchen, in particular, is the heart of the home, as it’s often the site of family activity. If you plan to sell your home within the next year, consider a kitchen remodel. Whether you have a budget of $45,000 or $450,000, a kitchen remodel is one of the smartest investments. Garden State Construction is one of the premier contractors in kitchen remodeling Whippany, NJ. We help homeowners find a higher home price with quality kitchen renovations. Learn more about why homeowners should consider remodeling their kitchen before putting their home up for sale.

The State of Kitchen Remodeling in 2024

Americans are spending more on kitchen remodels. The 2024 U.S. Houzz Kitchen Trends Study finds the median spend on major kitchen remodels, with all cabinets and appliances replaced, increased to $55,000 in 2023. In addition, the median spend for small and large kitchens has increased by over 30% in the past year. For some homeowners, it’s about function or a new financial security to create their dream kitchen. However, it’s about resale value for others, as 26% of respondents say.

Stand Out in a Competitive Market

According to experts at House Beautiful, an updated kitchen is one of the best ways to sell your home above its asking price. Redfin rates the Whippany, NJ housing market as “very competitive.” Home prices are up 15.2% in 2024 as buyers are hungry for great properties. Moreover, 75% of homes sell for above the asking price. However, buyers look at an average of 10 homes before they find the one that inspires an offer.
As buyers scroll through a list of For Sale properties, they might see 20, 30, or even 50 homes that don’t catch their eye. Imagine this: they see your listing and can instantly imagine themselves in your home, thanks to your newly remodeled kitchen. The work is all done, and just the thought of having your home move-in ready persuades them to tour and then put in an offer. If you want to come out on top, it’s worth the investment in a kitchen remodel.

Give Buyers What They Want

For many buyers, an updated kitchen is a necessity and a non-negotiable. In a 2022 survey about their desired home feature, 68% of buyers chose a great kitchen as their must-have. Some buyers might be persuaded by a home purely for its kitchen, as a Rocket Homes survey reveals that 55% of customers said that a “good kitchen could convince them to buy a home they otherwise wouldn’t.” Doing a kitchen replacement or refresh could attract a broader buyer base, primarily as many real estate websites feature highly-desired kitchen features. What are those features? A FrontDoor survey finds homes with a granite countertop, butcher block, or double oven get an average of 160 views daily on Zillow. Other higher-click features include recessed kitchen lighting, walk-in pantries, and quartz countertops.

Enjoy a Good Return

Kitchen remodels still offer a healthy return on investment (ROI). While your exact ROI varies based on your home’s features, comparable homes, and location, the Remodeling Cost vs. Value Report for 2023 shows that you can still see a return of 30.7% to 85.7% upon selling your home. Even a minor renovation, such as cabinet replacement, can yield a 70% ROI.

Your Reliable Choice for Kitchen Remodeling, Whippany, New Jersey

Make sure this is the year you consider a kitchen remodeling Whippany, NJ, property owners! There are several benefits to remodeling before selling your home, so don’t miss out! Working with a service like Garden State Construction ensures quality craftsmanship and dedication to your vision. Contact us today to get started on your kitchen renovation and increase your home’s value!