The kitchen is the focal point in many homes. It’s a space used for entertaining, preparing and storing food, and it plays a large role in the value of the home. If your kitchen is starting to look dated or you’re considering selling, then upgrading this space makes a difference in your home’s value. What changes actually make a difference? These seven upgrades are recommended by the experts.
1. Repaint Cabinets and Upgrade Hardware
This upgrade seems like a simple process, but painting cabinets and adding new drawer pulls is a great way to give it a facelift without spending much. The hardware is especially recommended by experts in home design, as it can make space feel more modern. The good news about this upgrade is that it won’t cost you a great deal. Depending on the size of the kitchen, plan to spend about $250 for new hardware and at least $200 for paint if you plan to repaint cabinets yourself.
2. Upgrade the Countertops
If you already have marble or granite countertops, this renovation likely won’t be worth the investment. However, laminate countertops are the least desirable option today. Quartz has become popular due to its durability. It doesn’t require much upkeep as well, making it more desirable for you. You can expect to pay anywhere from $40-100 per square foot installed. However, it’s estimated that this upgrade will offer a bump in sale price of 3-7%. Consider new countertops if this upgrade is worth the cost of your home.
3. Upgrade the Lighting
Lighting in a kitchen is important, and spruce in this area can be as simple as upgrading the bulbs in some kitchens. Stylish pendant lights are great to hang above an island and under cabinet lighting gives the kitchen a high-end look. All of these upgrades will cost you about $250, which is a fairly low price. If you find that the kitchen looks drab, consider what new lighting can do for the home.
4. Add a New Sink
A sink is another important part of the home. Choosing one that serves on its own as a centerpiece makes it an instant value-adder. The apron-front farmhouse sink feels like a custom choice, although it’s easy to get and install. It also gives potential buyers the impression that the home has a high value. A new kitchen sink will cost at least $250 or more, depending on the type that you get. However, if your sink looks old and tired, then it may be time to get an upgrade before selling.
5. Install or Refinish Hardwood Floors
If your kitchen has laminate flooring, then it’s time to replace that with long-wearing hardwood flooring. Engineered wood flooring doesn’t wear as well but is a less expensive option and also looks nice, so you can consider this if you plan to sell soon.
This upgrade is likely beneficial for the entire home, but you can start in the kitchen if you have a limited budget. It’s anticipated that making this upgrade will add 3-5% to the selling price of the home. However, the cost of this upgrade will greatly hinge on the square footage of your kitchen and what type of hardwood flooring you choose.
6. Add a Hood
The kitchen is an area that’s typically easy to scan so adding a stainless steel hood heightens the kitchen. It will give it a fresh feel even if you don’t want to put in a new stove. While hoods usually vent to the exterior of the house, you can choose a ductless range hood if you don’t want to add new ductwork. An oversized hood makes a kitchen seem like a luxury item, instantly adding value. The cost, however, can range from as low as a couple hundred dollars upwards of several thousand.
7. Replace or Add a Backsplash
If your kitchen doesn’t have one, or it’s outdated, a tile backsplash is a great option. You can choose from a huge variety of styles and designs, although a white subway tile never goes out of fashion. Consider white or neutral tones to make the kitchen look brighter and more open and to appeal to more potential buyers if you plan to sell soon. This replacement will cost about $2,000, so it’s considered a worthwhile upgrade but also isn’t the least expensive option.
If you have a relatively new kitchen, then it’s likely that you may only need to make a few upgrades. However, if you want to add to the value of the home and your kitchen looks old and worn, then consider taking on a few of these options. You can also talk to your realtor to decide which upgrades are specific to your area of the country.