Essential Kitchen Upgrades to Enhance Home Value
Renovating a kitchen can have a transformative effect on your home, but not every upgrade will yield a return on investment (ROI) when it comes time to sell. To help you prioritize, we consulted industry experts about which kitchen improvements can add significant value.
Featuring insights from Kourtney Pulitzer, a Senior Global Real Estate Advisor at Kourtney Pulitzer Properties, and Kristin Farnan, the Founder of Ridge Residential Design, this guide highlights the most beneficial kitchen upgrades.
1. Kitchen Islands with Seating
Kourtney Pulitzer emphasizes that incorporating a kitchen island with seating is a top ROI upgrade. “The kitchen is often the heart of the home,” she remarks, noting that islands are not just for preparation anymore; they serve as central hubs for dining and entertaining.
2. Updating or Adding Cabinetry
Investing in updated cabinetry is another smart move, according to Pulitzer. Enhancing the kitchen’s cabinetry can make a substantial difference, improving both aesthetics and functionality. Modern cabinetry options can help with organization, making the space more appealing to potential buyers.
3. Cabinet Refacing and Painting
For those on a budget, refinishing or painting existing cabinets offers a cost-effective alternative to complete replacement. “Refacing or updating cabinets can give your kitchen a fresh look without the hefty price tag,” advises Farnan.
4. New Cabinet Hardware
Updating cabinet hardware is a small yet impactful upgrade. Simple changes to handles and knobs can refresh the kitchen’s aesthetic without a significant investment—most can be completed for under $100.
5. Countertops
Countertops can be a significant visual component of a kitchen renovation. Farnan suggests options like quartz and granite that offer durability and appeal, making them worth the investment despite their higher costs.
6. Refreshed Backsplash
A modern backsplash is another way to elevate your kitchen’s look. Whether you opt for subway tile, glass, or stone, a stylish backsplash can complement existing elements in the kitchen and is generally less costly than bigger renovations.
7. Light Fixtures
Upgrading lighting fixtures can significantly affect the ambiance of a kitchen. Adding pendant lights, under-cabinet lighting, or LED fixtures can be a straightforward DIY project that boosts home appeal.
8. Neutral Paint
A fresh coat of neutral paint can transform your kitchen inexpensively. Farnan suggests using neutral colors like white, gray, or beige to ensure broad appeal, which can benefit your resale potential.
Upgrades with Low ROI
While some upgrades can elevate a kitchen’s value, others may not offer the same return. Here are some renovations to approach with caution:
- High-end appliances: Luxury appliances often do not recoup their costs when selling.
- Niche appliances: Features such as specialized ice makers may not appeal to all buyers and may even be seen as unnecessary.
- Trendy designs: Bold colors or overly modern aesthetics might not resonate with all potential buyers and can decrease appeal.