TIPS & GUIDES
The Best Kitchen Upgrades for a Home ResaleBy Hauslane ∙ 8 mins read
A fully redesigned kitchen is unquestionably a job worth your time, money, and effort, and you can avoid becoming overwhelmed if you thoroughly comprehend the procedures involved before getting started. The real estate market is still booming as we reach the midpoint of 2022, so there's no better time than now to think about what features and upgrades will increase the value of your home in the long and short term.
However, the question which arises here is, how much will a kitchen remodel boost a home's value? While there is no one-size-fits-all answer to this since many multiples are involved in assessing a home’s value, you can get a reasonable idea of what to expect. Continue to read this post ahead to learn how you can add value to your home with a kitchen upgrade.
How To Go About Kitchen Remodeling
Remodeling your kitchen involves making it more aesthetically pleasing; often with a new layout. A kitchen layout tends to be a particularly personal aspect of redesign that, when done correctly, can fulfill two key roles: making the space more attractive while also being functional for everyday use.
Before you begin your remodeling phase, you might spend some time brainstorming ideas and looking through references for inspiration. Think about the features of your kitchen that you enjoy and the places you want to improve before you sit down and start creating your new kitchen design layout. You could get the help of family members or a few close friends to provide ideas and suggestions for your kitchen.
Besides kitchen remodeling, there are other sub-factors that influence a home’s value which we will discuss next.
Factors Influencing Return on Investment
It is critical to ensure that any renovations are acceptable for the type of residence and local property area when considering any home upgrades. Homeowners frequently make the mistake of renovating their homes well beyond what their neighbors are doing.
Buyers are drawn to specific areas by the available facilities, and residences in that region sell within their price range. Although a property that has been enhanced well beyond its neighbors may nevertheless generate the same degree of interest as other homes on the market, it is doubtful that it will fetch a premium far above average solely because of the additional renovations.
Have you done any work on the property since you bought it? If this is the case, improvements and upgrades should be factored into the price of your home. What was the cost of the renovations?
Assuming you didn't over-improve the property, you should be able to factor in bulk (if not all) of the upgrade costs into the total worth estimate. Of course, some improvements are more profitable than others.
A kitchen or bathroom update, an elegant garage door addition, an outside deck extension, and energy-efficient window installation are just a few of the most beneficial home improvements that influence ROI.
In general, a neighborhood with a long history of stability will be more attractive than one with ups and downs in popularity. Today's "best spot" could quickly become tomorrow's not-so-desired area.
Before purchasing a home, buyers should investigate the area's crime rate, review plans for any new infrastructure to improve the neighborhood and study area-wise purchasing trends. A low crime rate ensures security, which everyone wants, particularly families with children. This will make it easier to get a great value when selling in the future.
Even if you spend thousands of dollars on building new plumbing, repairing your sewer lines or septic system, or upgrading your electrical wiring, it's unlikely that you'll see a significant hike in the overall value.
Utility upgrades like these are considered as home maintenance. While keeping things up to date is a good idea: top-of-the-line is regarded as the norm in some places; without it, you risk losing money when it comes time to sell.
Upgrade These Features to Raise Your Home Value
Renovations are exciting not just because of the changes they bring to your property, but also because they help raise the property's value.
However, homeowners should exercise caution when deciding which renovations to undertake, as some may also harm the property’s value. Learn which upgrades pay off in the long term and which ones hurt at the point of sale by reading on.
Update the Kitchen
Kitchens do sell a house, as they say. With the correct styling, you can leverage creating illusions to elevate the overall appearance of your kitchen. Upgrading old and outdated appliances is always a great place to start and one of the most common reasons homeowners begin a kitchen remodeling project. Opting for reliable, professional-grade appliances will lift a huge burden and allow for a better cooking experience for years to come. If your kitchen layout permits, adding a kitchen island can help to open up the room while creating more countertop and storage space to utilize. Tired of your countertop surface? Give your kitchen an instant new glow with light neutral slabs that require low maintenance.
Avoid niche styles when determining what to change; individual tastes and designs will not help you appeal to the masses when selling. For more information about finding the perfect style for your kitchen, read this post.
Repaint or Replace Your Cabinets
Easy solutions to give your kitchen a fast facelift without breaking the bank include painting cabinets in a semigloss finish and adding new hardware. Swapping out ordinary hardware is one of the favorite recommendations for revamping a kitchen.
Hardware may transform the vibe of a room, making an outdated kitchen appear more modern, or making non-custom cabinetry appear to be an upgrade.
Swap In New Flooring
You might only think of the kitchen floor while mopping up a mess, but painting it is a quick way to breathe new life into this vital surface. Consider using a simple floor color such as a rich brown tone or a fashionable grey stain.
If you're unsure about making such a long-term commitment, many stores sell pint-sized paint samples, so you may try out a hue before making a final decision if you want to improve your kitchen's appearance further.
Make it Low Maintenance
Since many buyers are concerned about purchasing a home that will need continuous maintenance, replacing a critical part before listing it for sale can alleviate concerns about an emergency repair shortly and help you get a higher price.
Renovations that make things easier to clean and maintain may also boost the value of your property. Rather than vinyl siding or easily discolored carpeting, a better option would be hardwood floods and high-maintenance wood siding. In the kitchen, choosing an optimal range hood will bring long-term benefits while protecting your home. Read more about how a high-performance range hood can elevate your cooking experience.
Clean and Declutter
A 2019 HomeLight Research Study concluded that decluttering and deep cleaning your home adds more than $4000 to its market value. Your buyers will give importance to a spotless house, whether you plan to sell it or not. From this, you could better use your space by becoming organized and having less cleaning to worry about.
The process of cleaning and decluttering is affordable, but time is limited. You should start by going through your cabinets and closets to create a donation pile. Cleaning out your drawers and other storage areas will clear out the things you cannot use further. But they take a lot of time so start by going through your cabinets and closets and creating a donation pile.
Remodeling your kitchen will increase the value of your home. Even if you do not entirely recover your costs, you will gain a sense of satisfaction from the upgrades and will be able to enjoy a fresh space. For more information about planning for a kitchen remodel, you can read this post.