{"id":5777,"date":"2023-02-15T07:40:47","date_gmt":"2023-02-15T14:40:47","guid":{"rendered":"https:\/\/www.realtyexecutives.com\/blog\/?p=5777"},"modified":"2023-02-13T19:18:15","modified_gmt":"2023-02-14T02:18:15","slug":"kitchen-projects-for-a-high-roi","status":"publish","type":"post","link":"https:\/\/www.realtyexecutives.com\/blog\/kitchen-projects-for-a-high-roi","title":{"rendered":"Kitchen Projects for a High ROI"},"content":{"rendered":"\n
\"A<\/figure><\/div>\n\n\n\n

Whether it\u2019s a minor upgrade like painting or\na more significant project like installing new cabinets, your kitchen is a\ngreat place to add value to your home. In fact, even minor kitchen remodels\nhave an 81% return on investment, according to Zillow<\/a>, making it a smart place\nto invest money and increase the value of your home. <\/p>\n\n\n\n

Before getting started, consider these tips\nand tricks for kitchen renovation projects to maximize your return on\ninvestment and get the most bang for your buck. <\/p>\n\n\n\n\n\n\n\n

When is the right time?<\/h2>\n\n\n\n

Many people wonder whether it\u2019s worth\nupgrading or remodeling their kitchen before listing their house. One way to decide\nif it\u2019s a good financial decision is to compare your kitchen to other homes in\nthe area that are also for sale. If you notice that many homes have been\nupgraded or feature new appliances and designs, it can help your home\u2019s value\nto make changes to your home before listing it for sale. <\/p>\n\n\n\n

Even if you have no plans to sell your home,\nupgrading your kitchen can still increase your home\u2019s equity and add value to\nthe property. Ensure you can afford any upgrades before getting started since\nyou won\u2019t be able to recoup the investment until you sell the home. <\/p>\n\n\n\n

Improvements with the best ROI<\/h2>\n\n\n\n

When deciding which kitchen remodel projects\nto work on first, consider which ones will garner the best return on\ninvestment. Here are some popular projects that will help drive value in your\nproperty. <\/p>\n\n\n\n

Adding or Upgrading Counterspace <\/h3>\n\n\n\n

The more counter space in the kitchen, the better. Adding additional counterspace during a kitchen remodel can increase the area needed for prepping food, and options like a sit-in island or counter-height peninsula can add convenient seating for your eat-in kitchen. While the average cost to install counters is around $3,000, according to Home Advisor<\/a>, you can expect to get up to 80% of this back when you sell the house, thanks to the added functionality and increase in space. <\/p>\n\n\n\n

If you don\u2019t need to add counter space but\nwant to install quartz or granite countertops, you can expect to recoup up to\n80% of your investment. <\/p>\n\n\n\n

Upgrading Appliances<\/h3>\n\n\n\n

If your kitchen needs a facelift, one of the\neasiest ways to do that is to upgrade your appliances. Since most appliances\nhave a lifespan of at least 10 years, this enhancement will not only visually\nhelp your kitchen, but you – or the new owners of the home – will be able to\nenjoy the appliances for a long time. <\/p>\n\n\n\n

If your kitchen appliances are due for an upgrade, you might also notice an unexpected benefit \u2014 lower energy bills. As technology and energy standards have changed over the last several decades, appliances have also become more energy efficient. To increase the ROI of your upgrades, search for appliances with an ENERGY-star sticker<\/a> to see how much it will cost to operate annually and determine how much you can save.\u00a0 <\/p>\n\n\n\n

New Flooring<\/h3>\n\n\n\n

No matter the room, installing new or\nupgrading flooring is a popular way to increase your home\u2019s value. This is\nespecially true in the kitchen, one of the most trafficked rooms in the house. <\/p>\n\n\n\n

While new flooring can be a major renovation\nproject, it can dramatically modernize a kitchen and improve the home\u2019s\nlifespan. Installing real hardwood can cost anywhere from $3,000 to $15,000,\nbut vinyl plank flooring is more affordable, with prices starting at $1,000,\ndepending on the size of the room and materials.<\/p>\n\n\n\n

Upgrading or Adding Cabinets<\/h3>\n\n\n\n

Cabinets are often the main focal point of a\nkitchen, serving as the foundation for the room\u2019s visual identity. But, if your\ncabinets are outdated or there is minimal storage space, investing the money\ninto new cabinets will deliver a high ROI, with some estimates calculating a\nfull 100% return. <\/p>\n\n\n\n

Depending on your budget, there are several\nways to improve the look and functionality of your cabinets. Even adding a new\ncoat of paint and replacing the hardware can return a high ROI and involve\nminimal construction or renovation. However, if you have the resources,\nreplacing or refinishing the cabinets can transform your kitchen for decades. <\/p>\n\n\n\n

Replacing Lighting Fixtures<\/h3>\n\n\n\n

A low-cost and easy way to freshen up your\nkitchen and make it more appealing to potential buyers is to focus on the lighting.\nWhether adding recessed lighting or upgrading the current fixtures, the\nlighting can play a key role in adding value to your house, with even small\nchanges getting up to 65% of a return on investment<\/a>. Some lighting\nprojects can be DIY-ed – like swapping out one fixture for another. More\nintensive projects like adding under-the-counter lighting can require a\ncontractor but will add value to your home. <\/p>\n\n\n\n

Before making changes to your kitchen, it\u2019s\nhelpful to consider how it will impact your home\u2019s value. While it might seem\ndaunting to fork over thousands of dollars for a remodel, even minor updates\ncan make a big difference when it comes time to sell your home. No matter your\nbudget, your kitchen is a great place to invest in for a high ROI. <\/p>\n","protected":false},"excerpt":{"rendered":"

Whether it\u2019s a minor upgrade like painting or a more significant project like installing new cabinets, your kitchen is a great place to add value to your home. In fact, even minor kitchen remodels have an 81% return on investment, according to Zillow, making it a smart place to invest money and increase the value … Continue reading Kitchen Projects for a High ROI<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[602,782,26],"tags":[3969,3970,59],"yst_prominent_words":[984,3229,7100,3666,1380,7101,546,7098,3904,820,537,7099,1222,7103,5401,1867,1234,7102,1874,1861],"_links":{"self":[{"href":"https:\/\/www.realtyexecutives.com\/blog\/wp-json\/wp\/v2\/posts\/5777"}],"collection":[{"href":"https:\/\/www.realtyexecutives.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.realtyexecutives.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.realtyexecutives.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.realtyexecutives.com\/blog\/wp-json\/wp\/v2\/comments?post=5777"}],"version-history":[{"count":1,"href":"https:\/\/www.realtyexecutives.com\/blog\/wp-json\/wp\/v2\/posts\/5777\/revisions"}],"predecessor-version":[{"id":5779,"href":"https:\/\/www.realtyexecutives.com\/blog\/wp-json\/wp\/v2\/posts\/5777\/revisions\/5779"}],"wp:attachment":[{"href":"https:\/\/www.realtyexecutives.com\/blog\/wp-json\/wp\/v2\/media?parent=5777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.realtyexecutives.com\/blog\/wp-json\/wp\/v2\/categories?post=5777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.realtyexecutives.com\/blog\/wp-json\/wp\/v2\/tags?post=5777"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.realtyexecutives.com\/blog\/wp-json\/wp\/v2\/yst_prominent_words?post=5777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}