Your kitchen is usually the most used room in your home, so whether you're planning a kitchen remodel or a home renovation, you must consider how these changes will increase your home value.
Since the start of the pandemic, 76% of home renovation projects have increased property value. When you think of kitchen renovations, it is natural that you focus on improving your appliances, but there are many upgrades you can do around the rest of the room. You can get up to 77.6% of the money spent returned to you during the resell of your home.
Here’s a rundown of kitchen renovations that can potentially add value to your home.
Cabinets are an essential part of the kitchen. If you are planning to sell your home, you should replace old and worn-out cabinets instead of painting them. The reason behind this is that painting your cabinets will only give a short-term result that will fade away with time while replacing them provides you with new fixtures and fittings, which can make a lasting impression on your potential buyer. 80% of homebuyers do not buy a home because of the color of the kitchen cabinets. Seven out of ten homebuyers who reviewed kitchens have said that they would pay more to purchase a home with high-quality cabinets. When doing a home improvement project, focus on the cabinets to improve the storage spaces.
The floor plays a huge role in the overall appearance of a kitchen. It should be part of the kitchen upgrades because it also serves as an essential part of marketing your home. More buyers have chosen homes with upgraded flooring over those with plain carpet or linoleum during the last ten years. If you install wood floors in your kitchen, they last for a long time, and they have little to no maintenance. Flooring is a relatively low-cost kitchen renovation that will ensure your kitchen looks modern and clean to buyers. As a bonus, you will also save on energy costs as wood floors are more efficient than carpet or linoleum flooring. Wood flooring usually lasts about 20 years before needing some repairs or refinishing. You will most likely recover 100% of the wood flooring cost during a resell.
Countertops have changed a lot over the last few decades, and 55% of home buyers purchase a home with granite countertops. You can increase home value by installing granite countertops on your next kitchen renovation, and you will have a surface that has timeless style and is exceptionally durable. Granite is also easy to maintain, and it requires only polishing instead of regular sealing of tile surfaces or cleaning of stainless steel surfaces. Granite countertops are one of the most installed in the current market. Adding a kitchen island gives the space a modern look. However, you need to know that kitchen remodel can cost far more than you expected. Some people may choose to take it upon themselves to renovate their kitchen but it’s more budget-friendly if you seek professional services.
Lighting fixtures don’t just provide lighting during the night, but they also transform the ambiance of your kitchen. More than 90% of real estate agents believe lighting plays a significant role in the value of a home. Good lighting helps you prepare food, cook and can help you avoid accidents when carrying hot pots. Under-cabinet lighting will be of great added value to your kitchen because it offers illumination at a relatively cheaper cost. Lighting not only makes the room appear larger and brighter, but it can also help you to make better use of space. It is a design element that adds value to your home when done right. During the nighttime, lighting in a kitchen is essential for safety reasons as you carry around pots and plates and when you are cleaning.
If you have a single sink, you need to invest in a double sink to make your kitchen look more prominent. A sink and a faucet combo are some of the most cost-effective home improvements you can do during a kitchen remodeling. As far as faucets are concerned, a motion sensor faucet is a great upgrade for your kitchen; it’s also very useful for children. Installing such fixtures will make your sink look more elegant and add value to your home. First impressions matter and the first thing people will notice in your kitchen is how well it is fitted out. Do not compromise quality.
The kitchen is the most used room at home and calls for increased energy use every time someone cooks or bakes something. Every home buyer is looking for a home with fewer utility bills, and 69% of them will buy a home with new appliances. If you have old and inefficient appliances that consume a lot of energy, you will rarely get reasonable offers. Invest in modern technology and energy-efficient appliances because millennials and younger homebuyers prefer Wi-Fi and other modern updates on household appliances.
In conclusion, you need to ensure that your kitchen is fully equipped and in excellent working order. When you update the look of your kitchen, don’t make it too fancy and on-trend. It’s always best to go for a timeless kitchen design. Get in touch with an experienced interior designer and renovator. Visit our website for more home remodeling inspiration. Call us at 727.327.3007 or email firstname.lastname@example.org to set up an appointment.