According to Remodeling magazine’s latest Cost vs. Value Report, the average cost to fully remodel a kitchen is $111,000, and a minor kitchen remodel costs around $20,000. Without a doubt, this is a lot of money to invest in a kitchen. And with the uncertainty of the market these days, how do you know if it’s worth it? What if buyers don’t like the new style? Of course, you don’t have to do a complete overhaul to make your kitchen look nice; here are some ideas for kitchen improvements that won’t cost you $111,000.
- Look to TV, movies, and in home and design magazines for kitchen inspiration
- You don’t have to break the bank; even putting $5,000 toward your kitchen can make a HUGE difference
- Repaint. It is best to stick with a neutral color, or something that will match permanent parts of the kitchen.
- It is much cheaper to replace a countertop with laminate instead of granite
- Stainless steel appliances are pretty much a universal favorite, and you can create a sense of continuity throughout your kitchen by buying small stainless steel appliances like a trashcan, toaster, or paper towel holder
- Replace the refrigerator and the stovetop, if nothing else. These are the largest and most important items in the kitchen. Even a new hood can help improve the look of your kitchen
- Let there be light. More lighting can encourage current homeowners to spend more time in the kitchen, and it will appeal to potential buyers. You can add lighting under cabinets, install decorative lights, or even add windows or a skylight, if your budget allows for it. Make sure you opt for energy efficient light bulbs.
- Larger floor tiles (16-22 inches) decrease maintenance and look more modern than smaller (8 inch) tiles
- Update or replace your dated cabinets. Replace if you can, or repaint if you can’t.
- You could also invest in new cabinet knobs.
- Add more kitchen storage. If you don’t have extra closet or cabinet space in the kitchen, pick a close-by area to set up shelving or drawers for kitchen items
- Add an Island, or even just a counter-height table with storage underneath, such as drawers or cabinets (many restaurant supply stores carry such tables)
- If you plan on completely remodeling, or even just doing serious updating, it may be best to hire an architect or designer to help you with the project
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