When homeowners undertake a remodeling project, they usually have one primary goal in mind. While boosting aesthetics and functionality are always high on the list, increasing property value is often the top motivating factor. As far as remodeling projects go, the kitchen is a fantastic place to start.
On average, a kitchen remodel provides an 80 percent ROI (return on investment). That means a homeowner who invests in a kitchen remodel can expect to recoup around 80 percent of their costs when their home sells. Moreover, 80 percent of home buyers say kitchens are the most important room in deciding whether to purchase a home.
However, not all remodeling projects are equally valuable. Some cost more money and time than what they’re worth, so how can you be sure you’re investing in a worthwhile remodeling project?
Here are several kitchen remodeling projects sure to increase your home’s property value.
Redo the Floors
If your kitchen floors are looking shabby, redoing them is a fantastic first step. If your floor is in decent shape, but it just lacks some of its original luster, you might not need a total redo. If you have tile, consider deep cleaning the grout. If you have natural stone, consider polishing it.
However, if you need new floors, go with natural wood. While it might seem like wooden floors aren’t the best choice for the kitchen, statistics show wood floors provide a 106 percent return on investment. You can’t beat the appeal of natural wood floors. If you’re worried about upkeep in the kitchen, consider vinyl or laminate flooring made to look like wood. It has the same aesthetic appeal without the high price tag or maintenance woes.
Upgrade Your Countertops
The countertops are an essential part of the kitchen. The look of the counter can dramatically affect a home’s ticket price. The good news is there’s no shortage of countertop materials on the market. There’s granite, stainless steel, laminate, glass, solid surface and more.
The best choice for countertop is subjective, however many homeowners are showing a preference towards quartz. It has the look and durability of natural stone without the maintenance headaches. A quartz slab price is roughly the same price as granite.
If you aren’t looking for a hefty price tag and want something more classic like white kitchen countertops, then solid surface and laminate are steady and reliable choices, too. Just be sure to go for higher-quality manufacturers and top-notch installers, and you can have an affordable and beautiful countertop upgrade.
Invest in the Cabinets
In terms of importance, cabinets are right up there with countertops. If your kitchen’s cabinets aren’t in the best shape, it’s a wise idea to invest in some new ones. As far as style goes, the most important factor is space. Homeowners want cabinets to have a lot of storage.
For materials, wood is always the top choice. However, whether you decide to keep the look of wood or paint them is entirely dependent upon your kitchen’s motif. Don’t forget about the fixtures. Invest in beautiful and functional knobs and handles to complete the look of the cabinets.
Also, it’s worth noting that while doorless, open cabinets look fantastic on Pinterest, very few people want the inside of their cabinets to be permanently visible. So, be wary of jumping on any design trends that don’t consider functionality.
Improve the Lighting
Lighting can make a considerable difference in the look of your kitchen. Nothing beats natural light. If it’s within your budget to add additional natural light via a large window or skylight, it could be worth the investment.
However, if letting natural sunlight in isn’t a feasible option, be sure to spend time selecting light fixtures for the kitchen. A dimly lit kitchen is a huge turn-off. People want to be able to see what they’re cooking. The most critical thing is ensuring there’s adequate lighting, but incorporating interesting fixtures, like bucket lights or under the counter lights can go a long way towards increasing property value and winning over potential buyers in the future.
Additional Considerations to Boost Your Property Value
In addition to the remodeling projects above, there are a few other things to keep in mind. When you’re choosing a color palette, you should lean towards neutrals. While bold colors are exciting, they aren’t the best for property value, because they aren’t universally accepted.
Also consider upgrading the appliances in the kitchen. You won’t only get more money for the appliances in the home when you sell, the look of high-end, complementary appliances can really tie the entire remodel together.
Be sure to lean towards quality materials and contractors because it will save you many headaches in the long run.
Ultimately, if you focus your renovation on the floors, countertop, cabinet and lighting, you’ll have an awe-inspiring kitchen that’s sure to boost property value.
Mandy Lee is a contributor to Innovative Construction Materials. She is a blogger and content writer for the building materials industry. Mandy is focused on helping fellow homeowners, contractors, and architects discover materials and methods of construction that increase property value, maximize energy savings, and turn houses into homes.