Kitchen Remodel Ideas That Give Good Return on Investment
If you’re planning on selling your home in the near future, you may want to follow through on some of your kitchen remodel ideas. However, if you do decide to remodel a kitchen, keep in mind that not all kitchen remodel projects will give you the best return on investment. Keep reading to learn which kitchen ideas will earn you money back upon selling your home.
Minor Versus Major Ways to Remodel a Kitchen
The key to getting a good return on investment is keeping kitchen remodel costs down. According to home remodel specialists, minor kitchen renovations will earn from 94 to 102 percent of what you spend, while a major kitchen remodel will earn back only 90 percent. If you plan to sell your home, spending more money and tackling larger projects aren’t generally the best idea.
Consider your Kitchen Remodel Ideas
The return on investment after you remodel a kitchen will vary, depending on local tastes and even your neighborhood. It is best not to let extravagant kitchen ideas kill your return on investment.
Look at what needs to be done before you consider what you want to do. Sure, granite countertops and oak cabinets will look great. However, if other houses in the neighborhood don’t have such amenities, it makes no sense to spend money on them. You probably won’t earn that money back.
Kitchen Ideas with Good Return on Investment
Along with your potential return on investment, you’ll want to consider modern kitchen usage trends as you consider a kitchen remodel. Nowadays, less food is made from scratch and multiple people are starting to prepare meals together. Homes with kitchens that are conducive to these trends will be more attractive to home buyers.
Here are some kitchen remodel ideas that tend to offer better return on investment:
- Cabinets: Refinishing or re-facing cabinets costs much less than replacing.
- Counters: Laminate offers excellent choices for $25 per linear foot. While granite or quartz will last longer, these are more expensive at $90 to $200 per linear foot.
- Extra storage: Wine racks, plate racks and spice organizers can easily and cheaply be installed in existing cabinets.
- Lighting: Halogen lights or under-counter lights can add ambiance, and can be inexpensive and easily installed.
- Replacement appliances: This can be done over time to keep bulk costs down without high labor costs.
- Walls: Stenciling, painting or wallpapering can brighten a room and make it more attractive. DIY makes this task even less expensive.
- Windows: Shelves or window boxes for plants can add ambience without much expense.
Ask for Advice on Kitchen Remodel Ideas
One of the best people to ask about kitchen remodel ideas, and what kind of return on investment they give, is a local real estate agent. These professionals have seen houses in your area, and know which kitchen ideas sell a house. Real estate agents also have a good idea about kitchen remodel costs, and can give you a rough estimate about what others are spending on similar kitchen renovations.
