The kitchen is often the most expensive room to update in a home, but it also offers the greatest return on investment. The National Association of Realtors found that an updated kitchen can increase the value of your home by up to 10%. This means one out of every ten dollars you spend improving your home will go towards increasing its resale value.
A good kitchen doesn’t just provide entertainment for cooking enthusiasts; it’s used by everyone who lives there and provides a space where family members gather together at meal times. A well-designed and functional cooking area increases livability for homeowners – especially those with young children or anyone living alone.
When considering a kitchen renovation, remember to keep these three tips in mind:
- Functionality is key. Think about how you and your family use the kitchen and make sure to design it accordingly. If you like to cook, include features that will make cooking easier for you. If you’re short on space, consider using an island or peninsula instead of a traditional cabinet layout.
- Stay up to date with design trends. Modern kitchens can be just as stylish and traditional ones, so don’t feel you have to settle for cookie-cutter designs.
- Make sure your plan leaves room for expansion in the future. You may want another oven or a bigger refrigerator at one point, but making those changes during an initial renovation could add too much cost. Plan ahead and make room for these additions later on.
An updated kitchen can be an easy way to increase the value of your home, but it’s important not to forget about other parts of your house. Other rooms in a house also appreciates faster than others when you sell, so if possible budget enough money into projects that affect multiple rooms. Bathrooms, bedrooms and living rooms are all key spaces in a home that can be updated to increase the overall value.
When it comes time to sell your home, remember that an updated kitchen is one of the top features buyers look for. A well-designed cooking area will make your home more attractive to potential buyers and could lead to a higher sale price.