Should I renovate my kitchen before selling my home?
Many homeowners splurge invest a significant amount of money on home and kitchen renovation in hopes of getting an optimum return from their home sale.
According to the Joint Center for Housing Studies of Harvard University, the remodeling spending was estimated to increase by 7.5% in 2018.
Kitchen renovation not only improves the aesthetic value of your home from the prospect’s standpoint but also boosts the efficiency of your kitchen. According to Consumer Reports, first-time home buyers will put a lot of emphasis on your kitchen while considering buying your home.
A “modern/updated kitchen” was at the top of the list of ideal home features in a recent survey of millennials, registering as most important to more than a third of respondents.
There are several ways to go about increasing the value of your kitchen, which includes expensive as well as budget-friendly alternatives.
Depending on your budget as well as timeframe, the following tips will help you remodel your kitchen in order to boost your home resale value.
#1: Cabinets and Hardware
Cabinets are the cornerstone of every kitchen remodeling project. Not only do they offer useful storage and workspace but they define a kitchen’s overall style as well. In fact, cabinets are the first thing that your prospective home buyers notice while making up their mind about your home’s value. No wonder why kitchen cabinets merit so much attention from homeowners. Needless to say, they also bump up the kitchen remodeling costs significantly. So, how do you make sure you boost the aesthetics of your kitchen cabinets without breaking the bank?
Reface and Refinish
A popular cost-effective approach is to reface, refinish or replace the doors and drawers rather than go for brand-new kitchen cabinets for the entire kitchen. If your old kitchen cabinets are still structurally sturdy, minor facelifts such as refacing and refinishing are a smart approach. No matter what color are your kitchen cabinets, you will get plenty of veneer finishes to match them. As a result, your cabinets will brand-new, enhancing the value of your kitchen.
Change of Hardware
Minor kitchen cabinet updates can also include replacing your old hardware with new hardware. Done well, kitchen cabinet hardware replacement can dramatically lift the appearance of your cabinets as well as the entire kitchen. The good news is such an update is easy on your wallet. We’ve written some kitchen cabinet hardware guides to help you get started right away. Check them out below.
- 6 Shaker Cabinet Hardware Accessories that Transform Your Kitchen
- Shaker Cabinet Hardware Placement Guide: Where Should the Pulls and Knobs Go?
#2: Paint and Wall Finish
Okay, so you’ve taken care of the kitchen cabinets but what about the walls?
Even as kitchen cabinets (both base and wall cabinets) hid most part of your kitchen walls, you still need to paint or refinish them in order to boost the decor. When it comes to painting the walls, there are no hard and fast rules — the various elements in your kitchen should guide your decisions. However, the bottom line is that your color should be bright and inviting.
White, gray and ivory are some of the popular trends among homeowners these days although you could choose any other color depending on your specific kitchen decor. For example, if you want to add an element of interest in your kitchen, you can add a specific color accent to draw attention. Likewise, you might want to opt for a specific wall paint in order to complement the kitchen accessories. Make sure to explore your options before choosing paint.
Speaking of walls, the backsplashes merit special mention because of the crucial role they play in your kitchen’s decor. The backsplashes not only protect the walls from splatters and stains but also make your kitchen look trendy. If you want to boost the value of your kitchen, choose from popular materials such as wood, glass, stone, metal and ceramic tile.
CAVEAT: While some homeowners go with a specific wall paint as per their liking, it’s always imperative to avoid personalizing your kitchen as it may not necessarily what your prospective buyers may like.
Check out the following kitchen color guides for in-depth analysis:
- Pros and Cons of White Kitchen Cabinets (Updated)
- How to Use Two-Toned Kitchen Cabinets in Your Remodeling Like a Pro
- 4 Things You Should Know About All White Kitchens before Remodel
While kitchen cabinets are decidedly the most important component in a kitchen remodeling project, countertops are no less. According to the Houzz Kitchen Study, 2018, countertops account for the highest spending (42%). If you’re looking the right material, try natural stone or quartz. They not only resist stains and scratches but are enduring enough to last for a very long time. Plus, it’s much easier to maintain them.
With a wide variety of patterns and colors, countertops can boost the look and feel of your kitchen.
#4: Light Fixtures
Kitchen lighting fixtures can considerably improve the appearance of your kitchen decor and boost the value of your kitchen as well as home before the prospective buyer. There are endless choices when it comes to using light fixtures in your kitchen.
You could go for vintage-style chandeliers in a farmhouse kitchen or bright-colored pendants for an industrial look. Likewise, under-cabinet lighting to illuminate your countertops and workspace. Today, patterned glass pendants over kitchen island are a huge trend.
Adequate lighting makes any kitchen looks neat, organized and professional, making it all the more coveted to the prospects.
#5: Flooring Options
Flooring is one of the top priorities of homeowners for kitchen remodeling. According to Houzz Kitchen Study, 2018, flooring is the 8th most upgraded kitchen features with hardwood (29%) being the #1 choice for materials followed by Ceramic or porcelain tile (25%), engineered wood (14%) and laminate floors (10%). Some homeowners also use vinyl (9%), natural stone (7%) and bamboo (5%) as well.
If you want to get a great ROI on your kitchen remodeling, you can’t go wrong with hardwood and laminate floors, which explains why they are the top-most choice of homeowners, to begin with.
Reclaimed Wood Flooring
Moreover, if you’re looking for something unique and stylish, you can go with wide plank, Brazilian cherry flooring or reclaimed hardwood flooring for an exotic look. Not only they look posh, but they also offer the best ROI.
Likewise, laminate floors are popular because they mimic real wood or ceramic tile and are available in a wide range of styles. Plus, it’s easy to install laminate flooring.
Snap and Lock Flooring
If you want to simply replace the damaged pieces rather than redo the entire flooring, you can opt for snap-and-lock flooring which costs nearly half of the real products.
After kitchen cabinets, appliances are the second most important aspect of kitchen remodeling, as per the Houzz Kitchen Study, 2018 wherein a staggering 90% of the homeowners surveyed said they’d replace the appliances.
However, you don’t need to necessarily replace the appliances in your kitchen if they’re functioning well enough.
If you want a budget-friendly kitchen renovation, you just need to give your appliances a facelift. For example, you can install new doors or face panels for your appliances. Likewise, with just a few hundred dollars, you can give your microwave an aesthetic uplift.