Do Countertops Increase Home Value?

GRANITE SPRINGFIELD ILLINOIS

Credit to May 15, 2014 by Kevin From 704 Granite and Marble Fabricators Blog

When it comes to home improvement, there are two primary reasons to invest in your home. First, home improvement can offer an upgrade to your living quarters and your daily living environment. Living and enjoying your family in a nicer home can simply enhance the enjoyment of living in your home on a daily basis. Secondly, home improvement can help add value to a home and make selling the home easier down the road.

It is commonly said that a well planned kitchen remodel can add 80%-100% of the renovation cost to the value of the home. Kitchen renovations typically include upgrades such as countertops, lights, custom cabinets and appliances. You can read more about kitchen remodel tips here. Let’s specifically look at countertops with regards to increasing home value. Do granite countertops increase home value?

With respect to both upgrading your living quarters and adding to your home value, upgrading your kitchen countertops is near the top. Even for modest homes, upgrading kitchen countertops from a laminate or basic material to a granite countertop is a dramatic upgrade and will boost your home’s value.

Using stylish, updated materials for your countertops and kitchen sink are likely the best investment for your home improvement spending. If your budget permits, matching the backsplash style to the other elements can complete the look and really make your kitchen stand out.

Do granite countertops increase home value

An upgraded kitchen will provide enjoyment for years to come, and if and when you put your home on the market to sell, not having granite countertops can rule your home out as a potential option for buyers. Granite countertops can often be one of the first “must haves” that a buyer lists when they task their local Realtor with finding potential homes.

A real estate blog article in the New York Times recently discussed the topic of adding granite countertops to increase a home’s value:

“ Granite or marble countertops will make a home more appealing to buyers than will older countertops made from materials like laminate or wood. “They do add value, most definitely,” said Mary Lou Currier, a senior vice president at the real estate broker Bond New York. “Beauty sells. A beautiful kitchen, with marble or granite, is all to the good. People hate dingy, dirty, old and things that look like 1982.”

A Yahoo! Homes article on kitchen upgrades said the following about new countertops:

“ Think of your kitchen countertops as the star of the show – the right material is what creates that wow factor when you enter a room. Want to cast the right character in this role? Driscoll recommends stone if you want to stay up with trends.

The star of the show… Your countertops are impactful, both to your lifestyle and your home’s value. Need further confirmation on how granite countertops increase home value? Consider having a discussion with a local real estate agent on the topic. Ask how frequently the topic of stone and granite countertops comes up for potential home buyers. If you want to take the process further, consider calling an appraisal company and ask questions about the value of updated countertops in homes in your area.