Renovating parts of your home can go a long way toward improving your home’s value for when you decide to sell, but few renovations get you as much return on investment as a kitchen remodel. Home buyers often list the kitchen as one of the top elements influencing whether they’re going to make an offer on a home and how much they’re willing to bid. And they’re one of the most profitable renovations you can undertake, getting you a return of around 80 percent on your investment.
But that doesn’t mean you have to overhaul your entire kitchen to up your home’s value. Even just upgrading appliances, replacing countertops or adding a kitchen island can go a long way toward improving your home’s value. As you consider how to renovate your kitchen, here are some of the most profitable renovations you can make:
Sure, it might be a point of pride for you that you’ve had the same fridge, oven and dishwasher since moving into your home more than a decade ago. But other than the bragging rights, those old appliances are doing little for you. Appliances have gone through major upgrades in recent years in functionality, appearance, design and energy efficiency. New energy efficient, stainless steel appliances will both increase the value of your home when you sell and make your life better in the meantime. You’ll be able to prepare and store food with greater ease while also saving money on your power bills. And when it comes time to sell, you’re likely to get a higher price for your home that recoups a significant amount of the investment in new appliances.
If you have old, worn-out countertops or simple laminate countertops you installed to save money, it might be time to explore replacing those surfaces. Most home buyers these days are looking for granite countertops or quartz countertops. Granite is a hard, natural stone that comes in a wide array of colors and patterns. Quartz is meanwhile manufactured mostly from natural quartz with a small percentage of polymer resins. It also has a wide variety of appearances but allows the homeowner to customize the design instead of hunting for the perfect piece. Other types of countertops, including marble, slate, concrete and butcher block, are also preferable replacements for laminate, but if resale is your primary focus, opting for quartz or granite will be the most fail-safe way to up your home’s value.
While appliances and countertops can have a huge visual impact in your kitchen, cabinets still visually dominate the space. Whether you want to rip them out and start from scratch of simply do a facelift with new paint or stain, upgrading your cabinets can have a huge impact on the look and feel of the space. If you’re looking for what will be most attractive to buyers, go with a popular, more neutral choice for paint or stain. You might love to have bright red cabinets, but a simple white might be more inviting for prospective buyers. If you prefer to remove the cabinets and start from scratch, that allows you the option to customize storage to your needs, providing ample space for your dishes, food and kitchenware. A full cabinet revamp may not be necessary if you’re planning to sell soon, but if the cabinets are in poor shape or you’re unsatisfied with the storage layout, it may be worth it.
Replacing the hardware and faucets in your kitchen is a simple way to make big upgrades to the room’s appearance. Dark bronze drawer and cabinet handles contrast nicely with white cabinets, while sleek stainless steel offers a modern, polished look. Swapping out a dated faucet for a graceful, curved model can meanwhile turn a kitchen sink’s style from utilitarian to beautiful.
Along with granite or quartz countertops and stainless steel appliances, many home buyers have started adding a kitchen island to their dream home wish list. Kitchen islands provide a central gathering point in any kitchen, perfect for rolling out dough, prepping vegetables for dinner or helping the kids with their homework after school. Kitchen islands give you extra workspace and take advantage of all the space the kitchen has to offer. They can also provide extra storage underneath, helping you declutter your cabinets, or offer a space to tuck stools for breakfast in the kitchen. Be sure your kitchen has the space for an island before going ahead with this option. You’ll need to make sure there’s plenty of room for comfortably opening drawers, cupboards and the stove while you cook. No one wants a cramped kitchen.
Whatever renovation you want to undertake in your kitchen, the return on investment depends largely on the quality of work. At Bellari, we pride ourselves on providing high quality craftsmanship and materials, helping you attain the kitchen of your dreams. Call us today at (908) 895-4646 for more information!