In most homes, the kitchen is one of the most expensive rooms in the house and impacts the overall value. An outdated kitchen can reduce your home’s appeal to potential buyers, leading to smaller and fewer offers. In contrast, a kitchen remodel can add thousands of dollars to your asking price. Any home renovation can be costly, and kitchens are no exception. Here are some updates that are likely to pay for themselves.
Large Kitchen Remodel Projects
Remodeling your kitchen is always beneficial to the overall value of your home. However, your return on investment for a whole renovation is not as high as doing just one or two significant projects.
Countertops
Your countertops are a focal point of your kitchen and their quality matters to buyers. Stone countertops, such as granite or quartz, are not only beautiful, they are also durable and easy to clean. While they are expensive at an average cost of $100 per square foot, the return on investment can be even more.
New Floors
If you are looking for a visually appealing and functional kitchen upgrade, tile flooring is an excellent investment. Tile is not only waterproof, it is also incredibly durable. Porcelain tile costs about $10 per square foot, but in a contained space the price can still be manageable.
Update Cabinets for Your Kitchen Remodel
Replacing all of your kitchen cabinets is an extensive project, so you probably won’t fetch as high of a return on investment. However, refinishing your cabinets with a new stain or some fresh paint will give your kitchen a fresh look. Refinishing cabinets is still a large remodeling project. However, its cost is mainly time and energy. You can also opt to replace only the front faces of your cabinets and keep the rest, which will save a lot of money and still make your cabinets feel new.
Quick Kitchen Remodel Projects
If you are short on time and money, there are smaller kitchen remodels to make the kitchen more functional and appealing. Some quick projects that you can tackle include:
Changing Hardware
A fast way to give your cabinets and drawers an upgrade is to switch out the handles and pulls for something new. Gaudy statement hardware is on its way out, and sleek, streamlined handles will make your kitchen feel more modern.
New Lighting
Installing new light fixtures is a relatively cheap and easy way to brighten up your kitchen. Pendant lights add both light and character over the island or sink.
Fresh Paint
Giving your kitchen a fresh coat of paint can make it feel like a whole new room. This is especially helpful if it hasn’t been done in several years and the color scheme is dated.
M&T Inspection Services provides home inspection services to buyers and sellers in Indianapolis. Contact us to schedule an inspection.