Ready to create a kitchen that will really impress with its versatility, design and style? If so, our DIY home improvement guide to kitchen renovation and remodeling projects will be a great starting point for you! 🙂
Your kitchen may be the most important room in your home this year! It is a now a multipurpose space for working from home, connecting with family, entertaining, and is the heart of a healthy and vibrant lifestyle. Kitchens have anywhere from a 60%-100% return on investment, assuming you make the right choices. 😉
Whether you’ve got a micro-loft or mansion; your kitchen has to look great and function efficiently. So what’s trending in the latest kitchen design? Which kitchen remodeling projects deliver the best value? Which projects can be tackled by a crafty DIY enthusiasts? How can you get the most out of your renovation budget?
What will you do to make your kitchen amazing this year?
Getting Started Planning your magnificent kitchen makeover starts with:
- Clearing out the old to create a clean slate
- Getting up to date on emerging design trends
- Deciding what you want your kitchen and remodel to do for you
- Creating a budget
- Visualizing your new look
According to 150 Points Remodeling Decision Engine, a kitchen remodel can run from as little as $7,000 to over $45,000. The average spent is $20,000. Hanley Wood 2017 Cost vs. Value Report estimates an upscale kitchen remodel can run up to $120,000, with a 60% plus return on investment when it comes time to sell.
A Realtor survey and accompanying Return vs. Joy report and info-graphic ranks both a kitchen upgrade, and complete kitchen remodel as delivering some of the highest ‘Joy Scores’ at 9.4 and 9.8 respectively. This makes it one of the best rooms to makeover if you’ll be staying there for a while.
Did you know: If you are planning on selling your home any time soon, you should know that a kitchen can instantly make or break a home sale.
So what’s in, what’s out, and what are the hacks for a higher ROI remodel project?
15 Kitchen Upgrade Ideas
Aside from cabinets, kitchen countertops can be one of the largest investments in this space. It is also one renovation item that few property owners should ever consider taking on themselves. So calculate in installation at around 20% of your total costs.
However, do note that there are many online and in-store design and concept visualization services and tools that can be leveraged for free. These can be used even if you purchase your materials somewhere else, or find your own contractor for the install.
For the fashion conscious, a kitchen island and countertops should be covered with quartz or quartzite, not the common granite. For those on a budget and who are more green minded, consider recycled countertops, butchers block from sustainable forests, or concrete.
Cost: Countertop costs can range from around $15 per foot for laminate to $140 per foot for quartz.
ROI: New countertops may not add much tangible value to your home, unless the previous ones were damaged or dysfunctional. However, they will make you feel a million times better about your kitchen, and can absolutely make a world of difference in real estate for sale ads, and when showing a home for sale.
2. Kitchen Islands
If truly amazing is a must; then go all out with a unique kitchen island. Double it as an entertainment bar and pro serving station by building in a bonus sink, cooling station for garnishes, wine, and making fresh sushi. Or add heat lamps and a warming drawer to keep brunch hot and fresh, and your plates up to par with restaurant quality.
The National Kitchen and Bath Association also reports that “desk or home office space has been created in a majority of new kitchens being designed by their members — approximately two-thirds of them. This space is also likely to include a docking station for recharging mobile devices.”
The basics of a kitchen island are the cabinets, and countertop. Size and quality of materials are the biggest variables, followed by installation. Use the cabinet and countertop costs in this report to calculate a rough estimate for your custom island. Alternatively; inexpensive portable kitchen islands can be found from IKEA from $400 to $500.
Cost: $400 to $3,200
ROI: Adding an island may not increase your home’s appraised value, but it will definitely make a massive difference in appeal. You’ll love using it. Prospective buyers will be drawn to your home listing, and given the importance of the island today it could absolutely generate higher purchase offers and create bidding wars over your property.
3. Upgrade Kitchen Cabinets – DIY Option!
According to the National Kitchen & Bath Association this part of the kitchen can soak up as much as 30% of the total budget. So this is a great place to save big. Think refinishing or replacing cabinet doors and hardware. To really take it to the next level visually (without breaking the budget) consider smart under cabinet ambient lighting, and tablet holders for an affordable, but hi-tech look.
Cost: $200 to $5,000+
ROI: 70% +. The ROI on making existing cabinets look brand new can be huge. You can essentially get a brand new kitchen at the fraction of the cost. Expect to get virtually all of your money back in a sale or lease.
4. Replace Kitchen Cabinets – DIY Option!
Via BiggerPockets some real estate investors are reporting that Ikea kitchen cabinets have worked just fine for them. Individual cabinet doors from Ikea start around $10 to $100. However, these can be a contractor’s worst nightmare. They reportedly arrive in many boxes, with many parts. Think of it as a kitchen sized Rubik’s cube. That can destroy your budget if your installers are working by the hour. Alternatives include purchasing stock cabinets from home improvement stores, semi-customizing stock cabinetry, and fully custom built cabinets. Individual stock cabinets may start at under $100 per piece. The sky is the limit for high quality custom carpentry and exclusive materials.
Hot kitchen colors include black, white, and retro pastel colors. HGTV says “gray is the new white.”
Cost: A new set of cabinets can run from $1,200 to $18,500+
ROI: Up to 70%. There is really no tangible home value difference between low end and high end cabinets. The return is in the personal enjoyment, and in the appeal and emotional value which can drive more, and higher offers when marketing a property for sale.
5. New Kitchen Appliances- DIY Option!
New kitchen appliances can make a massive visual difference. The best part of making an investment in new appliances is that you can take them with you when you move. New energy efficient and smart appliances can help owners and renters to cut energy bills, reduce grocery bills, enjoy more productivity in their lives, and live more environmentally friendly. Top of the line fridges can now run tens of thousands of dollars. Note that many of their top tech features still require manual input. That means they may really be most productive for those with a housekeeping staff to operate them. In terms of style; stainless steel is heading out, and colored appliances are back in. Note that those simply staging homes for sale can often rent appliances short term for showings. Look for appliance outlet stores and special sales days to get even more out of your budget.
Cost: $400 to $50,000+
ROI: 100%+. The return here is really a matter of the personal use you get out of them. However, with energy savings and portability property owners can find they see all of their investment returned, and more.