There are multiple ways to make a home more appealing to buyers, and updating the kitchen is one of the best. Not only do kitchen renovations offer some of the best return of investment (ROI) rates for household renovations are in the kitchen. For any homeowner thinking about sprucing up their home to sell, here are some of the best renovations and updates for the kitchen.
While they may be a very big investment at $40-200 per square foot, granite countertops can be one of the best ways to renovate a kitchen. Countertops are highly visible and get a lot of use during their lifetime, and not only does granite look impressive, but it's nearly impossible to damage through mundane means. Having granite countertops installed in a kitchen can be a great way to catch the attention of buyers.
Granite countertops can yield up to 70% ROI.
When looking for a good ROI, hardwood floors can be a good choice for nearly any room in the home, but they're an excellent fit for kitchens because they're durable and easy to clean. The cost of hardwood floors will depend on the type of wood used, and a low-end wood can cost $3-6 while a high-end wood can cost $8-14, so a homeowner can choose the best option for their budget. Reclaimed hardwood floors are also an option for homeowners who want all the advantages of hardwood but also want to be environmentally friendly.
The ROI on hardwood floors will vary, but it's possible for them to yield 100-150%.
It's hard to resist shiny new appliances in a kitchen. After all, refrigerators, stoves, and dishwashers all see a lot of wear over the years, and brand new equipment can be a good way to get buyers excited. With appliances, it's difficult to calculate an exact amount the homeowner will get back because there are so many different options for different appliances.
New kitchen appliances can yield about 70% ROI.
Install a Stylish Backsplash
A new coat of paint isn't the only way homeowners can give their kitchen a new look. Installing a backsplash behind the stove or sink can give a kitchen a new energy that sets it apart from other kitchens homeowners see. When selecting a backsplash for a kitchen, homeowners should take the location and material into account for the best match—something like rough stone would be a poor choice for a wall behind a stove that may see a lot of splashes, but glass tiles may be better suited to the task because they can be cleaned more easily.
A new backsplash can yield up to 93% ROI.
New Kitchen Lighting
The lighting in a newly remodeled kitchen can have a big impact. From recessed lighting over a sink, to decorative hanging light fixtures, lighting has can create a comfortable, relaxing atmosphere in a new kitchen. With many choices available when considering light fixtures, it's important to go with products that match the decor of the overall kitchen. When trying to sell a property, go with lighting that is subtle, yet can be bright enough to create an excellent work environment for the cook.
New kitchen lighting can yield up to a 67% ROI.
A Fresh Coat of Paint
One of the easiest kitchen upgrades that homeowners can do is to give it a new look by repainting the walls. But what's the best color for a kitchen? One study determined that using light blue or blue-gray paint is the best way to add value to a home. Specifically, just changing the color of the kitchen can potentially add up to $1,800 dollars to the home's total value—a large price tag to consider when the price of paint is just $30-50 per gallon.
New paint can yield up to 3500% ROI if the homeowner chooses to do it on their own.
The kitchen is one of the most important rooms in any home, in Clarksville or elsewhere, because it sees so much everyday use. By investing in even just one of these upgrades, homeowners can easily help boost their home's value when it comes time to sell.
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