The kitchen is one of the focal points of a house. It literally, and figuratively, is the heart and hearth of a home. This, plus the fact that real estate agents say the room can increase the market value of a residential property, explains homeowners’ penchant for renovating their kitchen.
Remodeling Magazine estimates in its Cost vs. Value 2018 report that homeowners in the Mountain region can get back the following percentages of the costs of kitchen renovations:
- 83.8 percent for a minor, mid-range kitchen remodel
- 58.3 percent for a major, mid-range kitchen remodel
- 50.2 percent for a major, upscale kitchen remodel
The report also reveals that these kitchen renovations can add $17,259 to $61,815 to a house’s resale price.
Other interior design and real estate websites agree that the return on investment (ROI) from kitchen renovations is often one of the highest. It is why experts recommend that homeowners invest in kitchen renovations before they list their house on the market.
First things first: how extensive should the renovations be, and what areas of the kitchen produce the most impact at the least expense?
Top Areas to Focus On
What’s great about kitchen renovations is they don’t have to be major and expensive (e.g., the addition of a kitchen island, laminating countertops, installing double-tub sinks, buying the latest heavy kitchen appliances). Unless the existing architecture, infrastructure, and appliances need urgent rework and replacements, it’s possible to do minimal work yet transform a kitchen into something entirely new.
There are three areas for which homeowners can maximize limited budgets with minor yet impactful renovations.
Kitchen cabinet door replacements are an excellent example of minor remodeling work that can yield a high return. Also, installing new door handles that match the kitchen’s new theme could help transform the room. For example, slim T-handles or plain round knobs would help achieve a minimalist look, while burnished copper or sanded wood knobs would be excellent matches for country-style kitchens.
Repainting kitchen cabinets and interiors would also create the same effect. Removing the dark varnish and repainting wood surfaces with cream or light gray, for example, would brighten up the room and make it look bigger and wider (warm colors, like brown, tend to make enclosed spaces look smaller than they are). A lighter color palette would be an advantage for homeowners in American Fork, Cedar Hills, and other cities in Utah where the mostly-warm climate calls for airy, spacious rooms.
Replacing old burner stoves with built-in ovens with an induction cooktop built into the kitchen counter or island would instantly upgrade a kitchen. A modern induction stove is more visually appealing, not to mention energy-efficient. Upgrades like this can improve a kitchen’s functionality and increase its appeal.
Homeowners can also invest in other affordable and efficient appliances, like an electric kettle, microwave, and energy-efficient refrigerator.
Installing new floors is yet another technique in transforming kitchens while keeping costs at a minimum. Affordable and resilient, water-resistant tiles and finishes are readily available in the market. It’s even possible to lay new tiles over old ones — a move that some say is cutting corners, but could reduce the working time and labor fee.
Homeowners can maintain control over renovation costs if they focus on these three areas of a kitchen. What’s more, they can ensure their expenses don’t overshoot their agents’ estimated ROI.