When it comes to renovating your home, especially for an increase in resale value, your kitchen is the most important. Your kitchen, even with small remodels, can enhance your resale value more than any other room in the home. In fact, homeowners can generally recoup as much as 80 percent of their investment in the kitchen remodel.
Thankfully, there are ways that you can renovate your kitchen effectively in terms of cost (so, in other words, affordably) while creating a big impact on your home’s resale value. You don’t have to literally gut and take apart your entire kitchen and start from scratch to make it worth your while. Think smaller – believe it or not, it works. Below are a few of the cheapest kitchen renovations that have the biggest impact.
- Refinish or Reface Your Cabinets – There is a difference between refinishing and refacing your kitchen cabinets and the choice will depend on your individual preference. Refinishing your cabinets will require that you do some labor in terms of sanding and then painting or staining; however, it will only cost you a couple hundred bucks to get an entirely fresh new look.Refacing your cabinets means that you would simply remove the cabinet doors only while leaving the boxes – the interior of the cabinets – intact and replace them with an updated style of cabinet door. Expect $1,000 or less with this one depending on whether you DIY or pay a professional.
- Upgrade Appliances – Wouldn’t you love to get a new look in your kitchen while at the same time increasing your home’s resale value AND lowering your monthly bills? Of course you would! You can do this by upgrading your appliances to energy-efficient appliances, which can be found at reasonable prices.
- Upgrade Hardware and Accessories – Believe it or not, small changes throughout your kitchen such as new outlet covers, new drawer handles, new cabinet door handles or knobs, etc. can provide a drastically different look for your kitchen while giving your home a big impact. The DIY Network says that you can spend around $200 – depending on the size of your kitchen, how many pieces of hardware you would require and the extent of quality you prefer to purchase – upgrading the hardware in your kitchen.
- Replace Your Countertops – Depending on the exact size of your kitchen and how much countertop that you need for your kitchen, you can spend around $1,000 give or take a few bucks to get brand new and fancy granite countertops.
- Brighten the Room up with a New Coat of Paint – Do you want to keep the color of your kitchen and simply put a fresh coat of paint on top of the existing coat? Would you prefer to go all-out, establish a new color for your kitchen, and spruce up the room with a brand new color of paint? Or maybe do a little bit of both? Whatever the choice may be, choosing to paint your kitchen is a very inexpensive, cost-effective way to remodel your kitchen for a new look while getting a huge impact in every form. Plus, when you consider that you can paint your entire kitchen for under $100 (depending on the size of your kitchen and how many extras you want to throw in such as tape, brushes, primer, etc.), why wouldn’t you want to do it?