5 Kitchen Upgrades
That Get The Best Return
The focal point of your home is your kitchen, so you’re not alone if you’re thinking about remodelling it. Kitchen renovations typically cost the most compared to all the other renovation categories but they also come with the most return on investment. According to the Appraisal Institute of Canada (AIC), kitchen renovation provides a return on investment of about 75% to 100% when you sell your house. This blog discusses the top 5 kitchen upgrades for getting the best return, Why kitchen upgrades get such a great return, and the typical cost and ROI of a kitchen renovation. Let’s get to it!
The value of your property increases the most when you do a kitchen renovation as opposed to any other remodel. Kitchen renovations give you the best possible return on your renovation investment. The most popular changes that tend to add the most value are adding an island, updating your cabinets, upgrading appliances, installing new countertops, and updating flooring in your kitchen. These kitchen upgrades will increase the value of your home and improve the space for you and your family to enjoy for the years to come.
Why kitchen upgrades get you a great return
Your entire home’s beauty and functionality can be improved by a well-designed kitchen. A outdated and ineffective kitchen, on the other hand, can seriously detract from the appearance and atmosphere of the home. According to homebuyers, the kitchen is among the top 3 rooms in your house in terms of importance. This is especially crucial if you intend to sell your house.
5 Upgrades that get the best return
1. Kitchen Islands
Kitchen Islands are a popular trend that we don’t expect to go anywhere. They are a great way to improve functionality in your kitchen, create a new counter and storage space, and a new sitting area and more. Kitchen Islands are becoming more and more common with kitchen renovation projects as they also provide a great return on investment for if you’re ever looking to sell your home. Here are some benefits of having a kitchen island, Perfect for kids, Adds versatility, Room for additional amenities, Casual seating area, Focal point of the kitchen.
2. Replacing / Updating Cabinets
Renovating your cabinets is a fantastic way to improve your kitchen. The addition of new cabinets can increase storage capacity while drastically altering the room’s appearance and atmosphere. Choose between a more classic style with raised-panel doors and elaborate hardware or a more modern look with flat-panel doors and streamlined hardware. An alternative is to paint your current cabinets and even improve the hardware, which can be far more cost-effective and yet produce that updated appearance.
When considering cabinets there is an important list to keep in mind,
– Lower Kitchen Cabinets
– Upper Kitchen Cabinets
– Counter tops going on the cabinets
– Kitchen Island cabinets
– Backsplash being used
– Colour of the cabinets and the walls
– Oven / Stove and Rangehood
– Other appliances in the kitchen
Planning out your cabinets is important to ensure everything fits accordingly and that the colours and aesthetic of your kitchen and its different features all go together. There are a variety of materials when it comes to your Kitchen Cabinets which will also affect the look and feel of the kitchen. We recommend doing your research on each to better understand the look and feel they bring as your kitchen cabinets are one of the most prominent features of your new kitchen. 7 of the most popular cabinet materials are: Melamine, Polyester, Solid Wood, Wood Veneer, MDF, Thermofoil and Laminate.
Out with the old, in with the new. Upgrading your appliances not only add value to your home, but new, modern appliances can actually help you to save time with cool new features while also being a lot more durable, having new warranties should any problems come up, and even being much more aesthetically pleasing. Additionally new kitchen appliances are a great way to achieve energy savings and eco-friendly benefits helping you save on energy bills while also helping the environment.
There are countless options when it comes to new appliances with a range of price points. Different appliances to consider are, new stoves, dishwashers, refrigerators, and microwaves among other potential appliances. It doesn’t require buying the most expensive appliances to see the best return, it may actually just take away from you return by buying the most expensive things. Instead learn about the different options and what might be best for your space.
Countertops are first on the list of upgrades for homeowners. Upgrading your kitchen countertops is an effective way to improve the overall look and feel of your kitchen. However, it’s necessary to take into account each material’s qualities, such as its durability, how it looks, longevity of the material, resistance to liquids and heat, and any maintenance requirements it may have. New counter tops not only add aesthetic. value, but they can also help to increase the functionality of the space.
Some of the available materials include, Marble, Quartz, Granite, Ceramic Tile, Laminates, Wood, Stainless Steel, and even Concrete. Each material has its own pro’s and con’s and doing your research on the different characteristics of each. is important before choosing the best option for you.
Your kitchen flooring choice is not only important for the look and feel of your kitchen but let’s face it, kitchen floors take a real beating. From spilling your morning coffee to dropping a plate, as well the constant traffic flowing through the kitchen you’re going to want something durable that is also aesthetically pleasing. Check out our blog on 9 types of flooring to consider.
Hardwood is very durable but for many years it wasn’t the most suitable choice for kitchens because of moisture issues. In today’s day we have modernized sealants and finishes that help keep moisture out which makes hardwood a now much more suitable choice.
Ceramic tiles are a tough, long-lasting, stain- and water-resistant flooring solution that is perfect for the kitchen. Also being heat-resistant, this makes ceramic tile a preferred choice and our favourite choice. Ceramic tile may survive for a very long period under normal circumstances, with little change in how it looks or works over time. Available in a variety of shapes and colours the design potential is endless.
There are plenty of options to consider beyond hardwood and ceramic tiles based on different factors of your home and where you’re located. Additional flooring can be concrete flooring, natural stone tiles, vinyl, and even bamboo.
Average Kitchen Renovation
Cost and Return
Depending on the size of the project, the materials chosen, and the location of the house, the cost of a kitchen renovation may vary significantly. A simple kitchen remodel would typically cost between $20,000 and $50,000, whereas a significant renovation will likely cost at least $75,000 or more.
The scale of the project and the materials used can also affect the return on investment (ROI) for a kitchen renovation. A moderate kitchen renovation has an average ROI of around 80%, while a big kitchen remodel has an average ROI of 65%. This indicates that the homeowner may anticipate recovering around 80 cents in enhanced property value for every dollar invested on a simple kitchen makeover, For a major kitchen renovation this number is closer to around 65 cents for every dollar.
It’s important to remember that the return on investment (ROI) for a kitchen renovation might change based on the home’s location and the condition of the real estate market. The return on investment for a kitchen renovation may be better in places with a robust property market and high demand for homes. Additionally, some materials and finishes, such bespoke cabinets or expensive granite, could have a better ROI than others.
It is also important to keep in mind that a kitchen renovation may not only increase the value of your property but also add value to it in terms of functionality and aesthetics, which the homeowners and their families may take advantage of.
In conclusion, remodelling your kitchen may be a fantastic method to raise the value of your home but with being one of the more expensive home renovations, it’s crucial to pick the proper upgrades that will provide the most return while enhancing your space the best. To totally change the appearance and feel of your kitchen while also increasing the value of your house, consider investing in new countertops, kitchen cabinets, upgrading appliances, and flooring. These improvements are certain to be worthwhile for your investment, whether you want to sell your house soon or simply want to enjoy a more lovely and practical environment.