In today's modern homes, just as it was decades or even centuries ago, the kitchen is considered the most important room in the house. Not only is the kitchen a place to prepare family meals, it also serves as a gathering place for family and friends. However, over the course of time, even the best kitchens need a makeover now and then. If your kitchen could use a few updates and you’re looking for ways to improve your home’s value, the good news is that renovating your kitchen is a great way to accomplish both these things!
How Much Should I Spend?
This is usually the first question asked, and the answer can vary greatly. Many kitchen renovations range between $5,000-$75,000, with some being well into six figures, depending on how extensive your renovations are. However, a kitchen renovation costs a homeowner $15,000-$25,000 on average, with most people being able to recoup up to 120% of their investment. Just be careful not to make the kitchen fancier than the rest of the home, since that can take away value from other rooms.
Don't Go Overboard
While most people who renovate their kitchens want the best of everything, some make the mistake of going overboard on a variety of items. For example, since everyone loves a kitchen filled with sunlight, some people choose to have extremely large and fancy windows custom-designed for their kitchens. However, it's usually best to opt for more mainstream windows, such as vinyl replacement windows. Not only do they look great and let in plenty of light, but they are also much more energy efficient than their fancier counterparts.
Invest in Energy-Efficient Appliances
Along with windows that look great and save on energy costs, investing in energy efficient appliances is also a great way to increase the value of a home. Refrigerators, stoves, dishwashers, freezers, garbage disposals, and many more appliances are all made to be as energy-efficient as possible today, making them great long-term investments for any home. To make sure the best appliances are purchased, be sure to look for ones that are Energy Star rated, since they meet strict environmental guidelines as well as help save money each month.
By taking the time to think about the best options for your kitchen renovation, it's possible to not only create the kitchen of your dreams, but also significantly increase the value of your home. If both of these objectives are achieved, it's a win-win situation for everyone.
