According to Harvard University's Joint Center for Housing Studies, homeowners have spent much more than $400 billion annually on home renovations, a trend that shows no signs of slowing. That is attributable in part to the recognition that home remodels not only add comfort and functionality--as well as value--to your home.
It is no secret that, among home renovation projects, kitchen remodels can be one of the most expensive. For this reason, many homeowners want to know which ones potentially get them the most bang for their buck.
This article explores some luxury kitchen upgrades that add the most value to your home. Keep reading to find out which premium kitchen design options might be right for your remodeling goals and budget.
New Cabinets
Cabinets are one of the most visible elements in a kitchen. If the cabinets are old, outdated, or otherwise in poor shape, replacing them could deliver a major return on investment (ROI).
How much depends on the current state of your cabinets and the type of materials you replace them with. Keep in mind that high-quality cabinets will last and look great for a long time, which can further add to the financial benefits.
Often, the structures of the cabinets are in good shape, and only the doors need updating. This can save a lot of money both in product and installation costs, and still leverage the ROI benefits.
Expanding Countertop Space
Another great way to add value to your kitchen is by expanding the amount of counter space in the room. A simple way to do that is by adding an island. You also might reconfigure existing countertops to optimize surface space.
Doing so can give you more room for food prep while cooking. It also could help "declutter" your countertops by adding ample room for appliances. Depending on the layout of your kitchen, this also could be an opportunity to add seating and dining space to your kitchen.
Lighting
Adding light to any space is almost always a plus, and natural light is even better. Light increases visibility, which can be particularly advantageous for cooking and food prep. It also has the potential to make a space look more expansive and improve the ambiance.
Installing a skylight may not be as complex as you think. However, it does require specific expertise, tools, and materials to do it correctly. Since these projects are a structural alteration, they may require permitting to adhere to local building codes, as well as HOA regulations.
There are some other lighting options that can add value to a kitchen. Under-cabinet lighting can add a modern touch to your kitchen. Installing pendant or recessed lighting can provide better illumination and increase the aesthetic appeal of the space.
Flooring
One of the best luxury kitchen upgrades to consider is flooring, which has major potential for adding value to your home. It can make your kitchen more comfortable to walk around in. It can also provide resistance to spills and impacts from heavy pans or other kitchen accouterments.
Your options for kitchen flooring are almost innumerable, but there are a few choices that stand out in terms of durability, functionality, and adding value. These are:
Ceramic or porcelain
Hardwoods
Luxury vinyl tile (LVT)
Engineered hardwoods
Ceramic and porcelain floors are scratch- and stain-resistant, and hold up well to regular wear and tear. They also are easy to clean and are non-porous, which makes them less likely to attract bacteria.
Natural hardwoods have one of the best ROIs of any home flooring. They provide warmth and comfort, and are extremely durable. Keep in mind that they can be more susceptible to water damage, as well as scratches and dents, and may require special cleaners to avoid damaging the finish.
LVT and engineered hardwoods are both increasingly popular choices for kitchen floors. That is due to their robust resistance to damage, including stains, impacts, and scratches. They also can come in a variety of styles and colors, including those meant to mimic the look of natural hardwoods.
Replacing Faucets and Fixtures
Upgrading your kitchen's fixtures can be relatively economical while providing a welcomed update, especially if faucets are old or outdated. It also is a chance to change the style of your kitchen. High-end kitchen features like faucets made of brushed nickel, chrome, or matte black can add style and sophistication to the room.
New faucets also can improve functionality. Pull-down faucets can make dishwashing and cleaning simpler. You also might consider gooseneck faucets or wall-mounted pasta faucets for ample clearance and better ease of use.
New Backsplash
If your kitchen's backsplash is outdated or has significant wear-and-tear, such as stains or yellowing grout, upgrading it can add a great deal of value to your home. You may be surprised how much outdated patterns or unsightly backsplash surfaces detract from the overall appearance. Conversely, a new backsplash can make the kitchen appear more modern and sophisticated.
There are many options to choose from when it comes to kitchen backsplashes. Ceramic or porcelain tiles are good choices, as are natural marble or granite. Modern backsplashes that come in stainless steel or copper can provide a modern or rustic look, and are easy to maintain.
Appliances
Upgrading kitchen appliances is a final option that can yield a promising ROI. While choosing matching microwaves, ranges, dishwashers, and refrigerators can be preferable, it is not always a necessity. That means that these upgrades can be done incrementally, so as not to strain your budget.
Choosing luxury kitchen appliances is also a good investment in terms of function and longevity. Quality appliances will last for a long time and function reliably. This is an asset whether you are selling your home or just want a more user-friendly kitchen.
Learn More About Luxury Kitchen Upgrades and Options
Luxury kitchen upgrades not only make your home more functional, but they can add value to it as well. An experienced contractor can help you determine which options are right based on your remodeling goals and budget.
DR Construction is a premier commercial and residential building and remodeling contractor service Renton, WA, and the greater Seattle area. We specialize in modern kitchen renovations--including outdoor kitchens--as well as decks, basements, stairs, drywall, and much more. Reach out to us today to discuss bespoke kitchen solutions for your home.
Comments