Are you planning a kitchen remodel? For many buyers, the kitchen is among the most important areas in the home.
Real estate experts agree that remodeling the kitchen yields a great return on investment. In fact, homeowners that remodel the kitchen recoup more than 80% of the investment cost.
A kitchen remodel typically includes upgrading appliances, including a new refrigerator. A new refrigerator can serve as the focal point of a kitchen upgrade. In addition, a large, energy-efficient unit adds to the resale value of the home.
Read on to learn how to select the best refrigerator for your kitchen remodel.
Size Matters for a New Refrigerator
The first thing you need to do is measure the available space to fit a new refrigerator. This is the most important step in the selection process.
The best refrigerator on the market may not fit into the allotted space, and then you are in trouble. Therefore, take careful three-dimensional measurements of length, width, and height.
Storage Capacity
The required storage capacity within the refrigerator and freezer truly depends on your lifestyle. A family of six is going to need more storage space than a young couple who is rarely home.
If this decision is driven by return on investment, it is wise to err on the side of more capacity. A refrigerator that is too small may diminish the resale value and be a turnoff to prospective buyers.
Energy-Efficiency is a Plus
First of all, the purchase of an energy-efficient appliance may be deductible on your federal taxes. If it meets the criteria, you may be able to recoup some of the investment from Uncle Sam.
There are many other benefits to going green. For starters, an energy-efficient model reduces your electricity bill and is great for the environment. Refrigerators with an Energy Star label could save you $150 per year on the electricity bill.
Cool Features Are an Added Bonus
There are a number of features that are appealing to consumers. One popular feature is an in-line water dispenser with a filter. This generation’s consumers expect an ice maker and temperature controls.
A growing number of refrigerators including electronics features, such as a built-in entertainment system. This means the refrigerator can connect to Wi-Fi and play music or videos.
A word of caution is that you can go overboard with the features. There is a law of diminishing returns when it comes to resale value.
At a certain point, the percentage of cost that you can recoup in a property transaction starts to decline. Only in a high-end market will sellers be able to recoup some of the costs of an extravagant refrigerator.
Wrapping It Up
Upgrading the refrigerator is a crucial part of any kitchen remodel. For many buyers, the refrigerator is the most important appliance in the kitchen.
Size and storage capacity are amongst the top considerations for choosing the perfect unit. Consumers should also look into energy-efficient models, which reduce utility costs in the long-run.
If you are planning a kitchen remodel, check out our blog for other great ideas.
