4 Tips for a Profitable Kitchen Remodel
Updated: Jan 5
Your kitchen is one of the most used spaces in your home, and if you’ve been in your home for a few years, there’s a possibility that it shows. When thinking about increasing your home’s equity for a future sale, a kitchen renovation is the best place to start. Potential homebuyers will be interested in seeing this space first, and a remodel could be exactly what sells them on your home and convinces them to make an offer. But where should you begin?
Consider these four tips when remodeling your kitchen:
A Little Paint Goes a Long Way
Contrary to popular belief, you don’t have to spend a significant amount of your budget on a kitchen renovation to increase its value. If you are looking to save some money and avoid major demolition and renovation, freshen up the space with a fresh coat of paint for the walls or cabinets. White or more neutral colors are the best options. Not only do these lighter tones make your space feel brighter and bigger, but they also allow potential homebuyers to see themselves and their own stuff in the space more easily. Plus, it saves them from having to make changes to the home once they move in that could either cut into their budget or deter them from purchasing.
Focus on the Details
There is power in the details when it comes to a kitchen design. Update the hardware on your drawers and cabinets, ensuring that all the hardware matches and complements the colors in your kitchen. An updated faucet is also a huge selling point for buyers who prioritize a new, fully-functional kitchen space.
Invest in Energy Efficient, Stainless Steel Appliances
Stainless steel appliances are stealing the show when it comes to kitchen remodels and are typically expected of the homeowner. They make a space look cohesive, classy, and updated — what else could a homebuyer ask for? Take your stainless steel purchases one step further with energy efficient appliances that are sure to increase the value of your property. Since these appliances are designed to utilize minimum energy and are environmentally-friendly, homebuyers strive to find a home that already has these appliances to avoid having to purchase them after they purchase a new home. Energy efficient appliances also save you money in the long run by cutting down your utility bills.
If you set aside money in your home renovation budget for a larger kitchen remodel, consider reevaluating the functionality of the space. Focus on these three qualities: storage space, counter space, and overall layout. Does the layout of your kitchen make sense? It should be easy to move between the fridge, stove, and oven when preparing a meal. Is there room for your family to sit down while you’re cooking in the kitchen, or do they have to yell from the living room? Take into account the size of your home and the number of rooms it possesses. If you know that a family is most likely to live there next, consider what kind of space they would need to prep, store, and live in the kitchen.
These kitchen remodeling tips will help you turn your current kitchen into a profitable space when selling your home. Pick up some paint and new hardware, reevaluate the functionality of the space, and update the appliances to increase the overall value of your home.