A functional kitchen is just important as an aesthetically pleasing one. Many homeowners will eventually renovate their kitchen to prepare to sell or just give it much needed updates to continue enjoying meals with family and friends. Some kitchen remodeling ideas can add real value to a home. Before deciding on any changes, it’s helpful to know which upgrades offer a good return on investment, or ROI.
Choose remodeling ideas that make financial sense without breaking the budget. The idea is to create a kitchen that is functional, with an affordable budget, while also ensuring a good ROI. It's not necessary to tear up the entire kitchen and start from scratch. Minor changes will reap benefits too.
Affordable Kitchen Upgrades that Boost Returns
The right changes made to a kitchen depends on what’s going on in a neighborhood. Real estate agents can offer expert advice on what the new kitchen standards are in the community and how much of the cost will be recouped. Not every kitchen remodeling idea gives a good return, so choose design elements carefully.
The biggest factor affecting the ROI of a kitchen renovation is the kitchen design itself. For example, redoing a poorly designed kitchen without improving its design could have very little ROI. Or creating a new design that does not fit in the space might lower the value of the home.
1. New Kitchen Design
This would be considered a major kitchen remodel. One of the biggest factors affecting the ROI of a kitchen upgrade is the layout. It must fit and work well in the existing space.
Design ideas can include removing a wall for more open space, rearranging the layout to improve functionality, or adding an island for additional preparation and storage space. Finishing touches that pair nicely with a new kitchen design would be a new paint color and upgraded lighting. Finnteriors is an experienced home remodeling contractor that can assist with the design that works best for the home.
2. Energy-Efficient Appliances
Fancy and expensive kitchen appliances are not always the simplest to use. Invest in energy-efficient appliances that are easy to use and favorable for the ROI. Plus, they will save on energy costs. Appliances should be the same color and finish. Only buy the products that blend in well with the existing kitchen.
Another kitchen remodel option is to build the refrigerator into the cabinetry. This provides a custom upscale look. The space required and features will determine the type of refrigerator needed.
3. New Kitchen Cabinetry
Cabinets are one of the most important elements in a kitchen. There’s always the option of repainting or resurfacing old cabinets with the addition of new hardware to make them look new again. If kitchen cabinets are dull and worn out, new cabinets will greatly affect the ROI. Another good remodeling investment is upgrading to soft-close cabinet hinges and drawers.
4. Countertops and Backsplash
Updating the countertops can drastically change the look of a kitchen. The most popular materials for countertops are granite and marble. There are other economical alternatives such as quartz and laminate that offer numerous design choices.
Depending on the layout and design of the kitchen, the sink should be swapped out too. A complimentary backsplash would go well with the new countertops. There are many affordable options.
Flooring is another great reason to remodel a kitchen. Kitchens get a lot of foot traffic, so the flooring gets worn out quickly. Investing in the right flooring would help with your ROI. Vinyl flooring is a great choice. It is affordable, low maintenance, and easy to clean. Other viable options include concrete and tile which can recoup up to 70 percent of the costs.
Finnteriors has been remodeling St. Louis area homes for over 20 years. They have experienced and knowledgeable professionals who can guide homeowners in redesigning spaces. Kitchens, bathrooms, or basements can be renovated within budget.