1. Update the Cabinets. One of the best ways to increase the value of your kitchen remodel is to update the cabinetry. Cabinetry makes up a large part of your kitchen, so if yours look faded or out-of-date, it could have buyers running for the hills.
Kitchen Remodel Average ROI
According to a 2023 survey from Remodeling Magazine, a major kitchen renovation or upgrade has an average ROI (return on investment) of 31.7%. That means that for every $100 you spend on your kitchen remodel, you are increasing the resale value of your home by about $37.
What Color Cabinets Have The Best Resale Value? Light neutrals are generally the best colors for resale because they appeal to the most people. But choosing shades of navy, deep green or even black can work depending on the house's style.
A few advantages of investing in a remodel are: Enhanced functionality — New cabinets can improve storage options and maximize space to meet your specific needs. Increased home value — Upgraded cabinetry can significantly enhance your home's resale value, making it more appealing to potential buyers.
Due to the wide-ranging differences in materials and quality, new kitchen cabinets typically cost anywhere from $2,500 to $24,000. However, most new cabinet prices average between $5,500 and $13,000.
Most cabinets should last around 20 years. But, cabinets from big box stores can be a different story. You may need to replace them every 5 years or so. The difference is they usually use lower-end materials.
What Are the Worst Colors for Resale? The most off-putting color for buyers is red, according to the 2024 “Paint and Color Trends Report” from Fixr. For its report, the home remodeling site polled 71 interior designers and home stagers, and 59 percent agreed that red turns away buyers.
If you're like many homeowners though, a few thousand dollars may be all you have for a much-needed kitchen renovation. But there is some good news. With smart decisions, you can redo your kitchen for $5,000. While you may not afford high end designer finishes, you can still achieve a stunning transformation.
Capital Improvements: These are permanent additions or upgrades that add value to your home, extend its life, or adapt it for new uses. Examples include kitchen remodeling, adding a deck, or installing a new roof.
In the world of kitchen cabinets, you truly get what you pay for, especially when it comes to durability and longevity. High-end materials and construction methods might come with a steeper initial cost, but they pay off in the long run.
Increased Home Value
Modern features like soft close cabinets are attractive to potential homebuyers, adding to the overall appeal of your property.
While white will never be completely out of style, we are seeing a resurgence of more earthy tones. The return of the seventies has been influencing interior trends for 2024; with a palette of warm taupes, tan browns, and caramel tones seeing a sharp renewal.
Age could bring down a home's value, especially if the home needs work. Buying a fixer-upper can translate to all kinds of additional costs. There are cosmetic concerns such as an outdated kitchen or a less-than-modern floor plan, and then there are functional issues like problems with the home's roof or plumbing.
Beige is emerging as the new go-to neutral, adding warm and inviting tones to interiors. In this article, we'll explore why beige is taking over and how to use it in your home. Beige is replacing gray as a popular interior color, offering warmth and versatility for various design styles.
Many design experts believe the current trend of natural wood is here to stay. Homeowners are looking for warmth and comfort from their kitchens. Oak, wood, and stone delivers that in spades.
Cabinet prices vary according to design and material. The average price per linear foot ranges from $100 to $280 or $2,000 to $5,600. The national average cost of remodeling a 10-foot by 10-foot kitchen could reach $26,000.
Which cabinet materials offer the best longevity? Solid wood cabinets, particularly oak and hickory, are highly durable and resist wear, dents, and moisture. Plywood and medium-density fiberboard (MDF) also provide good long-term performance at a more affordable price point.
You might be wondering if you can replace your kitchen cabinets without sacrificing your current counters. The answer is yes! Whether you have charming vintage, sturdy quartz or gorgeous granite countertops, you can absolutely save your countertops while changing out your cabinets.