5 Affordable Kitchen Updates That Increase Home Value
Revamp your kitchen and increase your home’s value with these updates that won’t break the bank.
When planning the kitchen of your dreams, it’s really easy for spending to get out of hand. Many don’t realize just how vast the options are when it comes to refreshing the main hub of their home. The good news? Adding a few new finishes to an aging or dated kitchen doesn’t have to cost an arm and a leg. Here are five upgrades that don’t require a considerable investment and can actually add value to your home.
Replace Cabinet Hardware
Cabinet hardware can be thought of as the jewelry of your kitchen. Not only is swapping it out an easy project that you can do yourself, it is relatively inexpensive and has the ability to change the appearance of your kitchen in an instant. A quick online search will provide an endless array of options to choose from in all different styles, finishes, sizes and price points.
Regardless of what you choose, expect to spend between $100 and $500 for a hardware upgrade, depending on how large your kitchen is. And don’t worry, updating hardware is considered a sound investment. Find good, solid hardware that you love and it will last a very long time.
Install Quartz or Butcher Block Countertops
Replacing countertops can be pricey, but it doesn’t have to be. If your budget is tight, consider quartz countertops. They are quite durable and have a great appearance with very little maintenance. Just as important, they are very consistent when it comes to pricing. Where natural stone can vary from affordable to extremely expensive, quartz costs are more controlled. In fact, the average installation cost for a quartz countertop is between $1,750 and $3,000.
Another budget-friendly option to consider for a classic, elegant look is wood or butcher-block countertops. They are generally less expensive than stone (butcher block is the least expensive option) and also have the ability to give your kitchen a boost while adding value. Depending on the size of the space, butcher-block countertops run between $1,000 and $4,000 — another wise investment for which you shouldn’t fret. Since countertops see a lot of wear and tear from daily use, replacing them can have a significant impact on a kitchen’s value.
In addition, despite the myriad of materials available, keeping to a classic palette can provide long-term value and prevent you from falling into any trend issues.
Refresh Cabinets With Paint
Simply put: The color of your kitchen cabinets makes a difference. It has the ability to add to or detract from the value of your home.
Rather than investing in a full-on cabinet replacement project — which can cost well over $10,000 — consider painting your existing cupboards instead. An average-sized kitchen (12 to 16 cabinets) can be professionally repainted for roughly one-half or one-third less than cabinet replacement.
When choosing a color, keep in mind that white or lighter shades on cabinetry are still considered timeless and preferred by homeowners about 50% of the time. In addition, light colors can help make your kitchen feel bigger and provide the opportunity for an exciting pop of color elsewhere, like a decorative backsplash or island finish.
A fresh coat of paint is a good idea whether you’re selling your home soon or doing it just for your own personal benefit.
Go for a Tile Backsplash
Refresh your kitchen’s style on the cheap by incorporating a design-savvy backsplash made from ceramic tiles. Not only does this provide a visual lift, but it’s functional as well, helping to keep the walls from getting dirty. To brighten up the entire room, try to find something in an on-trend color or finish, for example a shade of green that is hot right now. Ceramic tiles can be found for less than $3 a square foot. If you’re able to do the work yourself, it’s possible to have your backsplash installed for less than $100.
Other pluses? Updating or adding a new backsplash can be finished rather quickly — typically in just two to three days’ time — and your tile options are virtually limitless for color, design and textures.
Modernize the Lighting
The perceived value of your home can be undermined by standard, builder-grade lighting fixtures. Luckily, this is an easy fix. Upgrading light fixtures will not only enhance your kitchen’s appearance and add value to your home, but it’s also relatively inexpensive. For the best return on investment, try to find statement fixtures or ones that feature innovative technology. Bright white lightbulbs will help your kitchen space appear crisp and clean.
As far as cost goes, pricing will depend on the quality of the fixture and the difficulty of the installation. Generally, lighting upgrades range from $100 to $1,000.