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Is it worth it to update a small kitchen with the Michigan economy being at an all-time low ?

Is it worth it to update a small kitchen with the Michigan economy being at an all-time low?  We plan on selling the home in 9 years or so. . .
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December 01 2009 - US
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Answers (6)

Sure it is worth it if you want to enjoy the kitchen for the next 9-10 years. Maybe you can do some improvements without updating the whole kitchen. Could you repaint your cabinets? Or install a new tile or hardwood floor?
Could you leave your appliances if they are working and change them when they die? Maybe you could add a nice backsplash with glass or tile now, or just get new counters or a combination of these things and not really not spend to much. Because for sure in 10 years whatever you do now will be outdated then. The economy being down should work to your advantage right now for pricing.
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December 21 2009
 Remodeling will almost always add some value to the home... but there are more important things than money! Think about how your happiness will be affected by the remodel? Waking into a brightly lit, shiny new, super functional kitchen that you like being in will certainly add quality & enjoyment of life for you and your family. And down the road, this will increase the marketability, if not value, of your home.
 If you are worried about resale, stick with traditional cabinetry and warm tones... this way it won't look too dated when it's time to sell.
 Best of all, talk to some professionals in your local area. Realtors will know the market better than any homeowner ever could and be able to evaluate your home. Kitchen Designers (NOT the box store-shelf stockers) can help you devise a well thought out kitchen and help you make smart choices on almost any budget.

Good Luck!
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December 09 2009
Make sure you have the best 'work triangle' your space allows, stick to neutral colors except where you can repaint (if you want purple and orange, paint the walls but keep the counter tops and cabinets on the neutral, timeless side), try to keep the look consistent with the architecture of the house.  But, if your kitchen is not working for you and you can afford to upgrade, seriously consider doing it.  And, if the house is contemporary but you really, really want a country kitchen I say go for it, but plan to make some adjustments when you put the house on the market.
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December 02 2009
Jason is correct, update it because you want to or you need to, not for a huge return.  Although I do feel updating your kitchen will add some value when you do go to sell it.  Lets say you update now and do want to sell in 9 years, sure people will know its not the latest and greatest, but its better to have a 9 year old kitchen than a 20 year old kitchen when you go to sell.  As for NWHome, I'm sorry but I disagree with you, even with the economy down, the cost of my materials are still the same and sometimes even more expensive.  My labor costs may have dropped slightly, but not enough to really make a huge difference.  Remember this, you do get what you pay for.  Sure I could do a kitchen for $5000.00, but the materials are bottom of the line.  Expect to pay between $15,000 and $25,000.00 for a 12'x12' kitchen with decent cabinets, stone counters and decent appliances.
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December 01 2009
Well put Jason.
I'll'll add: if the economy is down, so should the cost of remodeling be down.  So if you can afford it, and understand what Jason is saying, now is a great time to do it.
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December 01 2009
Let me say what I always say in regards to updates, remods, and improvement...
Update it because you want to not because you are hoping for a huge Return On Investment (ROI). Updates usually make your home more marketable but, not necessarily more expensive during time to sell(just because you put $5k into an area of your home doesn't necessarily mean you can sell for $5k more when you list it) . With that said, you want to sell in 9 years. Appliances, decorating style and trends 10 years from now will be different than today. So you can put your dream kitchen in now, and 10 years from now some buyers wont appreciate the work, effort and thought you put into it. So do it because you want to make those changes to your home and not because of any other reason
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December 01 2009
 
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