Remodeling your kitchen is perhaps one of the most lucrative investments you can make when you think about the resale value of your home. Not to mention, it makes this area more enjoyable for you as well. Real estate experts believe that kitchen renovations are the project that is most likely to boost your home value, with an average ROI of 81% on even minor kitchen remodels.
Walls & Cabinetry
One trend that is seen surfacing for 2020 is redoing kitchen cabinet doors in bold colors. The spectrum of available cabinet hardware is almost endless. This includes an expansive range of hardware styles in different price ranges.
Another essentially simple and relatively affordable update you can make to add value to your home is to replace or even add a backsplash. There is one key thought to bear in mind when replacing or adding a backsplash in your kitchen: consider going with a neutral color. Interior design professionals consistently suggest that a backsplash in a neutral hue makes a kitchen feel more open and spacious.
A recurring trend in recent years has been to place hardwood floors in kitchens. If you took that route in the past, one strategy you can employ to update your kitchen with an eye to increasing market value is to paint the flooring. You will find that you have a considerable number of options when it comes to taking such a step. Focus on using a floor and patio latex enamel product.
If you want to embark on a simpler kitchen upgrade with an eye to enhancing market value of your residence, give serious thought to replacing kitchen light fixtures. New, affordable light fixtures can give your kitchen a whole new look and feel. If you have not already done so, consider adding lighting underneath your cabinets to better illuminate countertops and workspaces.
Plumbing & Appliances
Some of the suggested upgrades designed to increase the property value of your home are within the do-it-yourself range, if you are so inclined. Others likely require professional assistance. Installing a new kitchen sink is a step worth taking if you want to improve your kitchen and home market value at the same time.
One suggestion when it comes to a new kitchen sink is to think about installing a farm sink with an apron front. Interior designers explain that this type of kitchen sink conveys a perception of high value while still being an affordable addition.
Adding a hood over the stove is a move that is both practical and likely to enhance the overall value of a kitchen. Many people balk at installing a hood, understandably concluding that a great deal of cost and labor is necessary to add ductwork and vent it out of doors. In fact, there are now ductless hoods on the market today that are easier to install and more affordable. They utilize highly effective charcoal filters to address airborne particulates leaving the stovetop.
In addition to upgrades that are intended in part to up the market value of your home, there are some kitchen remodel ideas that are more personal than profitable. If you’re like most people, your kitchen certainly is one of the most used spaces in your residence. You may find pleasure in culinary endeavors. Thus, upgrading your kitchen in a way that meets your personal desires is an understandable objective.
The most significant step you can take is to upgrade the space into a complete gourmet kitchen, with all of the associated appliances and accoutrements. You will not see a return on this type of investment when you put your home on the market. However, if you’re a person who likes to cook, bake, and entertain, this level of residential kitchen truly may be a dream come true for you.
If you do have an eye to putting your home on the market, the kitchen upgrade suggestions designed to increase market value are well worth considering. The reality is that the typical house hunter pays particular attention to the kitchen and bathroom when looking for the perfect home. In the grand scheme of things, if your house is otherwise in a generally good condition and you focus only on kitchen enhancements, you will take an important step in increasing the market value of your residence.