Whether you’re thinking about selling your home soon or you’re just wanting to take on some home improvement projects that you yourself can enjoy for years to come, making renovations in your kitchen area can prove to pay dividends when it comes to the value of your home. However, if you’re not smart about it, you could end up putting too much money into the space and not being able to get a good enough return on your investment. Additionally, if you spend your money on the wrong items, the value might not increase as much as you might have liked. So to help ensure that you’re able to get the best financial outcome from your improvements, here are three kitchen upgrades that will drastically increase the value of your home.
Updates To Your Cabinets
In most kitchens, the cabinetry takes up a large portion of your kitchen space. Both used for storage and as an aesthetic element within your kitchen, any updates you to do your cabinets can be very beneficial. If you have the funds, installing all new cabinets in a higher-quality material can really improve how your kitchen looks and functions. But if you can’t afford to take on this larger project, DaveRamsey.com recommends that you at least refinish or paint your cabinets to give them a more updated look. You could also replace the knobs or pulls with fresher hardware to see a big difference in the appearance of your space without too much of an investment on your part.
Install Energy-Efficient Appliances
Another area of your kitchen that could benefit from an upgrade is with your appliances. If it’s been decades since you’ve gotten new appliances in your kitchen, now’s the perfect time to take advantage of the advances in technology and get some appliances that will make your life a whole lot easier. According to Valerie Kalfrin, a contributor to Homelight.com, modern homebuyers are always looking for kitchens with updated appliances with that Energy Star symbol. Not only will this increase the value of your kitchen, but they can also help you save money on a monthly basis by bringing you a decrease your utility bills.
Switching Up Your Surfaces
Because of the type of work that takes place in the kitchen, it’s important that you have the right type of surfaces that can handle the wear and tear. According to Lisa Iannucci, a contributor to TheKitchn.com, this could include installing new, easy-to-clean flooring, a more low maintenance countertop, or a stylish and protection backsplash. So if these surfaces in your kitchen could use an upgrade, make sure you find the right materials to use for your project.
If you’re wanting to make some upgrades to your kitchen, consider using the tips mentioned above to help you pick the projects that will be most worth your while.