In terms of adding value to your home for resale, updating or replacing the kitchen is one of the top renovations for profit. The kitchen is the heart of the home and can make or break a sale, so this area is where you should invest your money to ensure a high return. It is important not to over capitalise as this will diminish the return on your investment. You want to have maximum impact for minimal outlay.
A full kitchen remodel and renovation is not always necessary. However, if your cabinetry is outdated and not functional then this is one upgrade that is essential and will totally transform your kitchen space.
To avoid breaking the bank, you can purchase less expensive but durable materials rather than buying more expensive items such as stone benchtops or custom cabinetry. Sturdy flat packs and laminate benchtops are great money saving options that will still give a great finish and will have longevity.
In your new design be sure to maximise storage options above and below bench tops and include some nice deep drawers for cutlery and pots and pans.
Another way to keep on track with your budget is to keep all of your plumbing in the same place. Moving them to different spots is a time consuming and costly event.
Of course, if budget allows then by all means invest in a custom built kitchen with a cabinet maker. They will give you the best design for your space, install your new kitchen as well as offer a warranty on their works.
No Need For A Full Reno
Alternatively, if the bones of your kitchen are strong and don’t need ripping out then here are a few things you can do to improve your kitchen on limited costs.
You can keep the cupboards and drawers in situ and replace all of the doors with more modern ones. This can save quite a chunk of money.
If you didn’t want to replace all of the doors you could just paint them. There are many products available on the market for a DIY job that will look great, or you could call in the professionals for this one.
It is a good idea to replace the old and dated handles on all of the doors and drawers with new modern ones to help with your kitchen update. Look for inspiration on styles and finishes in magazines and online.
A new sink with shiny new fittings will have your kitchen looking clean and modern straight away. If the existing sink is in good condition you could consider just replacing the tap ware. The cost involved in this is fairly low but will make a big difference.
New benchtops – There are a couple of ways you can go about this, budget depending. Firstly you could take off the existing bench and replace it with a whole new stone, granite or laminate one. This is obviously the most costly option but will ultimately give the best finish.
Alternatively, you could have a new granite benchtop placed straight over the top of the existing one or have laminate sheets attached. Probably best to get the professionals in for these ones, but they can still be far cheaper than a full replacement and will look so much better.
Replacing tired old electricals with new modern appliances will make a big impact. An old and outdated hob and oven in a fresh new kitchen will stand out and bring down its value. Choose budget friendly appliances that will blend in with your new kitchen. Stainless Steel always looks timeless and expensive but doesn’t necessarily have to break the bank.
Updating or replacing a kitchen can be a time consuming and costly investment which makes it easy to over capitalise. You can save money by doing as much as you can yourself.
Be conscious of the materials and appliances you select to make sure you stay within budget and choose items that won’t date quickly.
When renovating for resale make sure that you opt for neutral and modern styles that will appeal to the majority of buyers. Having a design full of colour and texture might be fun and exciting to create, but will scare off a lot of people. Most buyers are looking for a home to invest in that they are able to comfortably move into without having to change anything.
Remember, kitchens don’t always require a full remodel. By updating the things we have mentioned here will usually provide you with a fresh new, functional and updated kitchen without too much demo work or all of the big costs.