Carolyn J. Braden • 3 Minute Read
7 Kitchen Upgrades with Great ROI
Adding value to your kitchen doesn't require you to overhaul the entire kitchen. In fact, recent studies have found that minor updates can actually yield better results in terms of resale value and ROI (Return on Investment) than ripping everything out and starting again.
But much more than having a good resale value or the potential to increase how much your home is on the market is the potential of upgrades to make our quality of life better. And these updates can do just that.
A range hood is functional and can add style to your kitchen
New Range Hood
A new range hood can not only add an aesthetic feature and create a focal point but can also help to clean the air in your kitchen and preserve the lifespan of your cooking appliances.
Choosing custom or statement range hoods can enable you to update your kitchen with practical features and even boost the value of the property by 3-7%.
Higher end appliances can add value to your home
Upgraded Appliances
Appliances are an essential part of any kitchen. What appliances you have or need is entirely dependent on your family life and what you find useful. However, your larger kitchen appliances, dishwashers, refrigerators, freezers, cookers, etc., are considered essential. Upgrading to the latest and most modern appliances available means you can opt for more energy-efficient options or integrated appliances, both of which can help boost resale value.
A modern kitchen island with a range hood
Island or Peninsula
Contrary to popular belief, you don't need a vast kitchen space to incorporate an island. You can even opt for a movable island on wheels for added flexibility. This opens up a world of possibilities for your kitchen, empowering you to create a space that suits your needs perfectly. From a financial perspective, a new kitchen island can yield a 70 to 80% ROI, making it a profitable choice for updating your kitchen.
Wood flooring can add value to your home
New Flooring
Kitchen flooring needs to be incredibly durable to cope with the demand of a kitchen and the increased use, not to mention spills that can occur. So it goes without saying you need a durable and practical floor for your kitchen. While wood will always be a classic, LVT (Luxury Vinyl Tile) is popular for kitchens thanks to its durability. Other viable flooring options that can boost resale value and have a good ROI include ceramic or porcelain tiles, concrete, or engineered wood.
Lighting can add aesthetic benefits to your home
Lighting
Lighting is integral in any room, but in a room where you prepare food and dine, amongst other activities, lighting is vital for functionality, not just aesthetics or even for value-adding properties. This understanding of the importance of lighting should enlighten you about the functional and aesthetic benefits it can bring to your kitchen.
Luxury lighting is always well received in the kitchens by prospective buyers, and options like pendant lighting over islands or dining spaces spotlights on ceilings over worksurfaces, or LED lights between or under cabinets can all be great options to consider to layer lighting will help to boost how luxurious your kitchen feel all while still building value into your upgrades.
Countertop material matters in adding home value
Worktops
New worktops or countertops can be a great addition to the kitchen, especially if you do need to change the entire kitchen, just specific features. A hard-wearing classic countertop that adds style and character to the kitchen will always be a focal point you shouldn't overlook.
Replacing your worktops can provide a return on your investment of around 60%, making them one of the best changes if you are investing in your kitchen for monetary and practical purposes. While the overall condition of the kitchen will play a factor, if your kitchen is in excellent condition, just changing the worktops can be a great option to look into.
New kitchen cabinets are a good kitchen upgrade to consider
Cabinet Doors
New doors can be a significant and cost-effective upgrade if your carcasses are in good condition or you don't need to replace them entirely. Cabinet refacing, i.e., replacing doors, can fetch a pretty return upon selling, with some reports suggesting that it can cost anywhere from $50 to $500 per door, depending on the type of door you choose and if you hang them yourself or not.
But with an ROI of up to 71%, they're a great choice to make when looking at those smaller ways you can boost the look, function, and value of your kitchen. This potential return on investment should give you confidence in your decision to upgrade.
If your cabinets have lifts that break, they can easily be fixed using our hack below in our 1-minute YouTube video or via our channel @carolynjbraden:
There are so many effective ways to upgrade your kitchen while preserving or boosting the value of your home. These easy ways can have a massive impact on how you use your kitchen while making investments in your property, too.
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Carolyn J. Braden is the owner of Carolyn’s Blooming Creations is a regular contributor and editor for CBC. She has been featured in numerous media publications such as InStyle Magazine, on HGTV, on Bustle.com, and more. She is the author of the books Georgia McMasters in Amethyst Lake Cemetery, How To Be Yourself: 3 Ways To Help You Being You, and the illustrator for the children’s book Bridging Connections. She is a former classroom teacher that now dedicates her life to educating others on how to live their most healthy, creative and happy life. Learn more about her visiting our About Us page.
This is a collaborative post and may contain affiliate links. All opinions and ideas expressed in this post, however, are based on my personal point of view.