As far as home improvements go, one of the best renovations you can undertake will happen in your kitchen. Kitchen renovations large and small have a huge return on investment for the homeowner. Not only will these renos make you fall in love with your home all over again, but when it’s time to sell- you’ll be head over heels for your potential offers.
Kitchen renovations are one of the top most profitable renovations with an average return on investment between 79-85%. That means 85% of what you spend on the renovation will be added to your home’s value. It might not seem like a big deal now, but when it’s time to list your home on the market that added value can move you up to a brand new price point! So, let’s get started.
Most Profitable Kitchen Renovations
Energy Efficient Stainless Steel Appliances:
Appliances aren’t supposed to last forever. If you are still using the same kitchen appliances that came with your house, you don’t know what you are missing. New appliances can not only help you prepare food more successfully, but can actually run more efficiently. Older appliances can increase your power bills and cooking time. Out with the old, and in with the new! No buyer is going to pay for old appliances, and you shouldn’t have to live with them!
Replace Laminate Countertops:
Laminate counter tops were a great idea to cut down your renovation expenses when you first moved in. As a homeowner, you were happy with the look and didn’t ever mind what they were made out of. Now, if you are thinking about selling your home in the next few years (or even now) it’s time to think about spending the extra money on natural stone. Quartz counter tops are one of the most popular must-haves for home buyers in 2015. Home buyers will pay more money for better material.
Updating Kitchen Cabinets:
Cabinets are crucial to a kitchen! They store and organize all your… well, kitchen stuff. They also make the largest visual impact in your kitchen! They can control the whole look and feel of the space, from dark cherry wood to a bright white glaze- you can re-invent your whole space. As far as upgrading cabinets, homeowners have two options. You can rip everything out and start all over with brand new cabinets or you can keep the old cabinet boxes in place and put in new doors and hardware. Updating your cabinets is a great way to rejuvenate your kitchen, not to mention this update also comes with a huge return on investment of about 80%.
Adding a Kitchen Island:
If your kitchen doesn’t have an island- you don’t know what you are missing! Kitchen islands give you extra work space making your kitchen twice as functional. Home buyers love islands because of their functionality and added space. If you currently don’t have an island, it is definitely an investment you should consider making. You will love it, the future owners of your home will love it, and all will be happy!
Creating a New Kitchen Layout:
Since owning your home and preparing countless meals for your family and friends, have you ever noticed your kitchen is not being as operational as you hoped? Maybe the oven is too far away from the counter, or the refrigerator and dishwasher doors can’t be opened at the same. This could mean you don’t have the most functional kitchen layout. Unfortunately, kitchens aren’t like living rooms and changing the layout isn’t as simple as moving around the furniture. To change a kitchen layout means a renovation, a MAJOR renovation. It’s going to be expensive and require a lot of planning, but once that new kitchen is complete you’ll be shocked at what a difference it makes. A very functional layout is something that can make your home stand out against the competition.
So now is the time to start planning out your next home improvement. What would you update in your kitchen?
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