If you’re ready to make a big change to your kitchen, but don’t want to spend a fortune, consider a simple remodel. Even a minor renovation can add value to your home, and it can also help you sell your house when you move.
Renovations That Increase Resale Value
Investing in a major kitchen remodel or updating the existing space is a big undertaking. While it can boost the resale value of your home, it may also cost you a lot of money. However, there are ways to recoup some of your costs.
First, you’ll want to make sure you’re getting the best return on your investment. For example, you’ll need to decide whether you’re going to stay in your current home or sell it. If you’re planning to remain there for a while, it might make sense to update the kitchen. On the other hand, if you’re looking to sell your home in the near future, it might be more prudent to do nothing.
The National Association of Realtors conducted a survey to determine which home improvements are the most likely to generate a positive ROI. They found that the kitchen and bathroom are the top two interior home improvement projects.
Homeowners often don’t realize that a large-scale kitchen overhaul can add significantly to the value of their home. A major remodel includes a new floor plan, hardwood flooring, full custom cabinetry, and high-end appliances.
DIY Kitchen Remodel Ideas
Do-it-yourself kitchen remodel ideas can transform your cooking area into something stylish and functional. A few upgrades can be all you need to make your kitchen a place to gather with friends and family.
Whether you’re moving into a new home or you’re simply looking to change up the look of your current place, kitchen renovations are the perfect way to give your space a fresh and modern look. And a kitchen remodeling project isn’t necessarily as expensive as you might think.
One of the best kitchen remodel ideas is to paint your cabinets. Painting your cabinets can make them appear brand new without having to spend a fortune. This is especially true if you choose a light color.
Another great kitchen remodel idea is to add a backsplash. While tile and granite are the obvious choices, you can also use faux tiles. You can even opt for a temporary peel and stick wallpaper.
For a less costly but more impressive alternative, you might want to invest in a few new faucets and fixtures. Not only will this update your kitchen, but it will also enhance its visibility.
Cost of demolition, disposal, and replacement of the wallboard and trim
If you’re considering a full gut and rebuild of your kitchen, you’ll want to know exactly how much it’ll cost. The costs vary depending on the size and complexity of the project. However, you can usually expect to pay around $13500 to $38000. Of course, the actual cost of the renovation will depend on the materials used in building the kitchen.
In addition to the cost of demolition, disposal and replacement of wallboard and trim, you’ll have to factor in the cost of the materials, labor, and hauling. These figures will vary widely depending on the size and location of the kitchen.
In the U.S., the cost of a full kitchen demolition can range from $500 to more than $10,000. For a small home, the average cost is about half of that figure. But for a larger house, the cost can be up to three times as high.
The most expensive part of the job isn’t the actual demolition, but the cleanup. Many contractors will take care of this for you, but you can also rent a dumpster or hire a cleaning crew.
Minor kitchen remodel ROI by region
If you want to add value to your home, remodeling your kitchen can be a good choice. This can make your house look more attractive to buyers, and can help you get a better price when you’re ready to sell. But it can also be expensive. Before you begin your renovation, consider the ROI you can expect for your investment. Here’s a breakdown of the average cost and resale value of a kitchen remodel across the U.S., based on Remodeling magazine’s annual Cost vs. Value Report.
The average cost of a minor kitchen remodel is $15,273. In addition to new cabinets and appliances, you can add countertops and flooring, replace cabinet fronts and hardware, and improve lighting and ventilation.
A major kitchen remodel may include changes such as replacing the layout, adding an island, installing energy-efficient appliances, or moving walls. You can expect to recoup about 53 to 57 percent of the cost.
Minor kitchen upgrades can provide a larger return on your investment than a full-scale kitchen remodel. These upgrades can be as inexpensive as replacing countertops or as costly as buying new cabinets.