The kitchen is often considered the heart of a home and, not surprisingly, a Realtor.com report stated that 80 percent of homeowners consider it one of their top three most important spaces. While many people value an updated kitchen, the cost versus the ROI of a kitchen remodel is a major consideration. An experienced kitchen designer can help homeowners make the right choices for their lifestyle and budget.
Depending on your needs and budget, a minor kitchen remodel — one that doesn’t involve gutting the space, changing the layout or moving walls —may make sense. This would include replacing appliances, updating cabinet fronts and hardware, new countertops, fresh paint and new flooring.
A midrange major kitchen remodel is more extensive and likely requires moving walls or relocating appliances, fixtures and cabinets to improve functionality. Other possibilities at this level are an island addition, semi-custom wood cabinets, new energy-efficient appliances, as well as new flooring and paint.
On the high end, an upscale major kitchen remodel would include higher quality finishes, such as custom cabinetry and stone countertops, and high-end appliances with extras such as water filtration.
A kitchen renovation will most likely have a positive impact on the value of your home. When choosing what to invest in, carefully consider how to maximize your ROI while keeping in line with your home’s value.
10 Kitchen Trends That Can Raise the Value of Your Home
1. High Quality Cabinets
Younger buyers in particular are embracing white custom or semi-custom cabinets. Two-tone cabinets, white and gray or white and blue, are also popular, as are neutral tones paired with wood finishes.
2. An Island
A well-placed center island continues to be a selling point. In-island sinks are in, while island cooktops are not. The key is for the island to work well with the flow of the larger space.
3. A Walk-in Pantry
As more people shop for groceries in bulk from warehouse stores, accessible and organized storage is crucial. Pantry storage specifically for cutlery and gadgets is another sought-after feature.
4. Quartz or Granite Countertops
Both quartz and granite have resulted in significant boosts to home value, with quartz slightly higher. These popular countertop choices have been linked to faster home sales compared to homes with laminate or other less desirable materials.
5. New(er) High-end Appliances
Homebuyers appreciate newer appliances, knowing they won’t need to be replaced soon. Greater energy efficiency as well as special features make high-end appliances attractive to current homeowners as well as to prospective buyers.
6. Open Layouts
Floor plans that allow the kitchen to blend seamlessly into other areas within the home and even with outdoor spaces have become a staple in home design. Removing walls to create that openness may be worthwhile.
7. New Flooring
Kitchen flooring should be durable and practical, but it is also a key design element that must work with the other materials, textures and colors in the room. Popular options include stone, tile, cork, wood, laminate and vinyl.
8. Fresh Paint
Paint is an economical way to renew an older kitchen with a fresh, clean feel.
9. Glass Tile or Subway Tile Backsplash
The classic appeal of these options contributes to higher selling prices and less time on the market, compared to kitchens with more intricate backsplash designs.
10. Upgraded Lighting
Under-cabinet LED lighting, task lighting and ambience lighting enhance the look, feel and functionality of the kitchen.