Whether you are looking to sell your property or simply upgrade your living space, in looking to increase a Return of Investment (ROI), you can never go wrong with a kitchen improvement. With a kitchen improvement alone, this increases one’s home value by 75% to 100%. However, there must be a plan to the chaos. This is where we look at some key elements to help you get the most ROI when you are ready to renovate.
One big mistake with all home improvement projects is the amount of money that is allocated to the kitchen. To let you in on a little secret, budgeting is actually the best way to manage a kitchen renovation. That way, focus is on the elements that attract the most attention such as the cabinets, color, countertop and appliances.
With the counters and cabinets facing a daily work, they also account for 60% to 70% of space use in the kitchen. As such, understandably, this is one of the first elements that need attention.
Now, focus, really focus on your cabinets. Most of the time, it simply needs a facelift other than a complete overhaul. This is where you can focus on restoring the basic hardware such as the handles and doors, which are what most people see anyway. Would you want your cabinets to look more modern? Look into reviving the wood by tinting them and even if you sandpaper them to give them a smoother look. This is the perfect job to enhance your DIY inner self and embrace your creativity.
Next, we put our attention on color. To go lighter is always a good choice with whites and yellows being the new ‘in’ thing in today’s time. That way any natural light is enhanced and the layout of the kitchen looks more spacious. This color can now be coordinated with the countertops.
With regards to the countertops, this is where we rope in the pros. With an average of 70% ROI on this improvement, this is where we won’t want to compromise. One important note in this regard is that Granite is King. With a secured durability and easy usage, this is where the money should be spent. Also, Granite is available in a variety of colors and designs.
One great tip is to choose a light wall color and then choose a darker shade of this color for your countertops. This way, the attention is focused in the right direction.
Now looking at Appliances, Stainless steel reigns supreme. With its sleek and clean look, it contributes to an up-to-date and clean feel and look that all sellers and buyers can appeal to. This type of appliance reflects reliability and adds a modern touch.
Generally, a Kitchen renovation should cost 5% to 10% of the home’s value. By applying this budget plan and by implementing these elements, this is sure to give you a fair selling price with a high quality home.