Many people wonder if a kitchen remodel will increase the value of their home in the way that many remodelers promise it will—and we’re here to tell you that yes, it will do just that.
It’s a well-known fact among realtors that the kitchen is what sells the home, but increasing your home’s value and making a big return aren’t the same thing.
The fact is, you’ll rarely get a 100 percent return on a home improvement project, and that’s exactly why it’s important to analyze the cost benefits and determine whether it’s worth the tens of thousands of dollars to increase your home’s value on the market.
We’d like to remind you that, just as an updated kitchen can sell a home, an outdated kitchen can prevent a sale. So even if you can’t do a full remodel, there’s still something to gain from making smaller improvements.
Kitchen Updates
If a full-on kitchen remodel isn’t realistic for your budget, you might consider breaking up this renovation into smaller parts that can still benefit your kitchen as a whole.
The following five updates can increase your home’s value without a major, full-scale kitchen remodel.
1. Revamp your cabinets.
Working with the cabinets you already have can save you a good chunk of change. Instead of spending 30 percent of your kitchen renovation budget by replacing cabinets, you’d spend about five hundred dollars in total (on paint and hardware) to give your cabinets a makeover.
2. Replace your countertop.
The countertops are where people’s eyes go first. If your countertop is outdated, it could kill people’s interest even if the rest of your home is amazing. You can easily replace your countertop with affordable materials like laminate, Formica, or solid surface—most manufacturers have ways to make these materials look more luxurious than they ever have before.
3. Update your appliances.
A new fridge, range, and oven will add functionality and improved aesthetics to the space, and it will be easier for buyers to imagine themselves in the kitchen. This is one of the quickest upgrades you can make.
4. Replace your light fixtures.
The lights play a key role in your kitchen, so to make a good impression, replace your fixtures so they’re new and updated.
5. Install a new kitchen sink.
People spend a lot of time at the kitchen sink, and it’s yet another detail whose replacement adds value to the function and beauty of the room. If your current sink is outdated or unattractive, buyers won’t be as attracted to your home. But if it’s trendy and sleek, buyers will appreciate the modern touch.
Should I Remodel?
The choice is up to you. Whether you’re shooting for the entire renovation or a few individual projects, One Man & A Toolbox is the handyman company to call. Get in touch with us toda
Kitchen Remodeling 101: Does it really increase the value of your home?
