Kitchen Renovations to Increase the Value of Your Home

Some of the most beneficial renovations are in the kitchen.

Trying to figure out how much a kitchen renovation would cost might be difficult. Renovations may undoubtedly add much value to a home if they are done well and in a decent neighborhood. The best renovation on the house in a failing area, on the other hand, will not benefit anyone. You’ll be wasting money unless you’re performing the task entirely for yourself and your family.

The question then arises, “Why are you renovating?” and “How much money do you have to work with?” If you’re remodeling for resale, the consensus is that you should spend no less than 5% of the home’s worth and no more than 15% of the home’s value.

If the house is worth $100,000, you wouldn’t want to spend less than $5,000 or more than $15,000. You wouldn’t want to spend less than $50k or more than $150k on a home worth $1,000,000. So there’s much variety there! However, if you do it yourself, you can increase the value of your home by 15% while spending only 5% of the cost.

There’s a lot to think about in this situation. It’s entirely up to you whatever route you take, but in the meanwhile, we’ll go through four of the most frequent kitchen remodeling projects that can boost home value. These may or may not be suitable for your requirements, but they can at the very least be used to assist and inspire your imagination.

1 All Appliances Must Be Upgraded

Once installed, a new washing machine can cost $500 or even $1,000. Some of them are even pricier. A new refrigerator, as well as a new trash compactor, disposal, or stove, will be in the same price range. Replacing all of these appliances could be the initial step in your remodeling project. If you have the same appliances in your home as when you moved in, it could be a good idea to upgrade them and call it a day. That can be spectacular, significantly, if you acquire top-tier appliances; make sure you install everything correctly and clean up afterward.

The average refrigerator costs between $1k and $2k, stoves cost between $400 and $3k, and garbage compactors cost between $800 and $2.1k. A disposal cost ranges from $80 to $200, making it one of the most affordable appliances available. To determine which appliances should be replaced, consider what you have, what you want, your budget and whether you want to sell soon.

2 What type of flooring do you prefer: tile, LVP, or wood?

Renovating the kitchen in tile can be beneficial to the floors while also being cheaply priced. Depending on the type of material you select, whether you do it yourself, and how long the procedure takes, expect to pay anywhere from $3 to $22 per square foot. As a result, a 400-square-foot kitchen will cost between $1,200 and $8,800. What’s going to be the most acceptable option for your home?

Linoleum has its place, but tile is usually a superior choice, even if it’s a cheap tile commonly used in bathrooms. LVP, or Luxury Vinyl Plank, is a long-lasting, cost-effective, and simple-to-install flooring option. What you spend on LVP will be saved on installation because you can do it yourself in a day or two.

Wood is often more expensive and, if not completed correctly, may not be your best option; but, if done correctly, it is fashionable, beautiful, and long-lasting. However, because kitchens are damp, you must ensure that it is finished with suitable waterproofing materials. Installation, staining, and many coats of polyurethane are likely to be the order of the day.

3 Investing in new kitchen cabinets

Cabinetry is one of the most intelligent and cost-effective kitchen remodeling options. New cabinets may transform the look of a room, and you can even get Customized cabinets that are tailored to match a specific space. RTA is an acronym that stands for “Ready to Assemble.” RTA cabinets can be custom-built online to fit your space perfectly.

You can then have it delivered to your home and installed by yourself. Granted, if you don’t have much experience with installation, you may need to hire a professional contractor, which will raise your overall prices. Still, due to their distinctive design potential, RTA solutions are DIY-friendly and will fit almost any type of kitchen.

4 The Center Island.

Is there a central island in your kitchen? They’re lovely for storage, great for the overall look, and fit into many kitchens. True, some kitchens aren’t large enough to “fit the bill.” Many of them are. A center island can be used for meal preparation as well as serving as a de facto dining table. It’s also a terrific idea to have a granite or marble countertop on your “island.” Some islands are rectangular, while others are elliptical with a few chairs circling the middle. There’s a lot to look at here, and getting a contractor to design something for you may be the best option.

The more money you spend on a center island, the more expensive it will be; nevertheless, the higher the value of your home, the more desirable it is to make such a change. If you don’t have a central island in your kitchen, you should consider adding one when you redesign—getting more bang for your buck than you put in.

In brief, there are a variety of kitchen remodeling options to consider. You and your property will determine which tactics are ideal for your scenario. Remember the 5% to 15% rule and plan accordingly. Replace appliances, install new flooring, install new cabinets, install a new center island or a combination of the four. Never, ever DIY does not imply “cutting corners,” it simply takes longer. Choosing the “cheapest” option, on the other hand, will come back to haunt you. You can expect a significant boost in house value as a result of a kitchen makeover if you take your time, thoroughly assess associated costs, and put serious thought into the project. If you do it well, the return on your investment will be more than the cost of the renovation.