Whether you're thinking about tackling a DIY kitchen refresh or budgeting for a major kitchen renovation, the fundamental goal of any kitchen renovation is simple. That means you want to find kitchen upgrades that add value while increasing your value. Add functionality, style and comfort to your home. Sounds easy, right?
Calculating the exact return on investment for home renovations is difficult, but certain projects are more likely to add value to your kitchen than others. To help narrow down the field of potential renovation projects, financial technology company Credello recently compiled a list of the best kitchen updates to increase your home's value right now.
Related: Planning a budget for your house reno? Here's where to save and splurge
new kitchen cabinets
Most people agree that the kitchen is the heart of the home, but what is the heart of the kitchen? It's all about the cabinets. Cabinets make a huge visual impact on your cooking space, while also providing an important function (aka storage). Therefore, updating your cabinets can make a big difference in increasing the value of your kitchen.
Which style of kitchen cabinets will give you the best return on investment? If you have very old or outdated cabinets, first familiarize yourself with the latest kitchen trends and see what people are loving now. We recommend that you do so. To maximize value, Credero suggests choosing cabinets in neutral colors. Also, if your budget allows, you may get better value by choosing laminate or veneer over particle board.
And while new custom kitchen cabinets are one way to ensure you get the look you want, depending on the condition, layout, and style of your existing cabinets, you may be able to refinish or paint them to be more budget-friendly. there is. Kitchen updates.
updated kitchen countertops
Like kitchen cabinets, countertops are also a kitchen remodeling project that can visually transform your space. While many people think choosing a new countertop is about quartz or granite, Credero says the countertop trends for 2023 are industrial chic that appeals to Millennial and Gen Z homebuyers. He points out that it is approaching a more aesthetically pleasing aesthetic. So consider options like concrete countertops or stainless steel countertops. , or wooden countertops.
Related: These major renovations will increase your ROI
Kitchen upgrades that add value: new cabinet hardware
Replacing cabinet hardware is a quick and relatively inexpensive way to increase the value of your kitchen, and is often a project that can be done as a DIY project. When it comes to the style of cabinet hardware that will give you the best ROI, choose metallic tones like copper, bronze, and brushed silver.
Smart and energy-saving kitchen appliances
When it comes to kitchen upgrades that add value, you can't go wrong with new kitchen appliances, especially if you have very old and inefficient models. Many new kitchen appliances are energy efficient (meaning they provide ongoing value by lowering your energy bills) and offer smart features and app connectivity (like ovens that tell you when to preheat, Think of something like a dishwasher that tells you when to preheat). That's attractive to many of today's home buyers.
Related: 10 Home Technology Upgrades for the Best ROI
Motion sensor function
High-tech, electronic upgrades like motion-sensor lights and faucets are one of this year's top kitchen remodeling trends for homeowners, and for good reason. Motion sensor lights help save energy (turn on the light only when someone needs it), and motion sensor kitchen faucets keep the faucet clean from dirt and bacteria when you're cooking or washing up. It becomes easier.
Photo courtesy of Getty Images.
