Kitchen renovations can give you an opportunity to instantly increase the value of your property. In fact, research has shown that a kitchen renovation can provide up to 75% to 100% or more returns on the initial investment made. But not all design choices will generate high returns. It’s important to choose wisely the renovation projects that will add value to your property. Having the right elements in your kitchen will help to ensure your home’s value increases and the property is still easy to sell.
Evaluate the status of your kitchen
First things first, you need to decide on how you are going to spend the money you’ve set aside for renovations. Consider the core elements such as kitchen cabinets, countertop and flooring. There is no need to invest in an expensive wine rack while your kitchen cabinets are completely worn out. Prioritize on the most important elements that will improve the kitchen’s functionality not just its appeal. Start with the cabinets, countertop, appliances and wall color.
Renovate counters and cabinets
The best thing you can do is to make sure your kitchen counters and cabinets are in tip-top shape. Don’t just choose a design that is aesthetically pleasing. Try and make sure the cabinets and counters are functional. A unique and striking counter or cabinets will certainly make your kitchen stand out to homebuyers. You can use these elements to make the first impression on buyers.
Re-facing kitchen cabinets
You don’t need to completely get rid of your kitchen cabinets in order to get an upgraded look. One simple and cost effective way to transform your cabinets is to replace the other elements such as the door and handles while keeping the layout and skeleton of the cabinet intact. You simply invest in new doors, hardware and drawers that will cost you much lesser than investing in a completely new set of kitchen cabinets. Sometimes all you need to transform the look of kitchen cabinets is a new coat of paint. You can choose different forms of finishing to give the kitchen a distinct character.
Professionally installed countertop
Having a new countertop installed by a professional can offer 70% ROI or more. This is especially the case if you go for popular countertop materials like granite. Granite is a preferred choice due to its durability and beautiful look. Granite countertops are available in so many colors and patterns so it’s easy to find one that blends with the rest of your space. To create some contrast, pick a darker color of countertop to go with your lightly colored kitchen walls. A lightly colored kitchen wall will invite plenty of natural light and make the kitchen space appear bigger than it actually is.
Upgrading kitchen appliances
For kitchen appliances, always opt for stainless steel. This material is very sleek and loved by most homeowners. It brings out a very contemporary appeal and reliability. High quality appliances will increase your home’s value and ensure that it sells above the fair market price of other homes in the area.