Kitchen Renovation Ideas

Is it worth doing a kitchen renovation?

Table of Contents
    Add a header to begin generating the table of contents

    The kitchen is the best place for a stylish showpiece in your home. The kitchen is a top priority for homebuyers. Why not enjoy those bonuses at home if you have the budget?

    People remodel kitchens for many reasons. 43% of remodelers said they "couldn't stand the old kitchen" 40% said they've always wanted to update their kitchen but are now financially ready.

    It's understandable that cost can deter some from renovating. Kitchen remodels aren't cheap, whether you're planning a few updates or a complete overhaul. How do you know if it's right for your home? Really?

    Looking for kitchen renovation Melbourne? Look no further? Hitch Property Constructions has you covered.

    Does Remodelling The Kitchen Increase Home Value?

    In a word, yes. Most real estate agents will tell you that updating the kitchen is the single most effective way to boost the value of your home, but this does not guarantee a high rate of return on investment. Whether or not the price of a major kitchen remodel is more than covered by the increase in house value it provides is one of the factors to think about when making a home improvement plan and budget.

    Kitchen Renovation Ideas

    Referring back to the Cost vs. Value report by Remodelling magazine, below is how different levels of kitchen renovation affect resale value:

    • Major Kitchen Remodel – Upscale

    Average cost: $135,547

    Average resale value: $72,993

    Recouped expenses: 53.9%

    • Major Kitchen Remodel – Midrange

    Average cost: $68,490

    Average resale value: $40,127

    Recouped expenses: 58.6%

    • Minor Kitchen Remodel – Midrange

    Average resale value: $18,206

    Average cost: $23,452

    Recouped expenses: 77.6%

    Cost information for somewhat extensive kitchen renovations was not included.

    Investments in home renovations rarely yield a 100% rate of return. According to HomeAdvisor, the typical cost of a kitchen remodel is $25,093, or $150 per square foot. To find out if spending tens of thousands of dollars to raise your home's value is worth it, you need undertake a cost-benefit analysis.

    A home with a modern kitchen is more likely to sell than one with an old one. If you can't afford to redo the entire kitchen, even small changes can make a big difference (more on those later).

    What Affects Your Home's Value Will A Kitchen Renovation Have?

    In most cases, the value of a home will rise as a direct result of a kitchen remodel. It's hardly surprising that people will pay more for luxurious touches and well-considered additions.

    Eighty percent of respondents to a recent survey said the kitchen was one of the top three rooms in a house.

    Also, several homebuyers who did not get all the amenities they wanted claimed they would have spent more for things like granite countertops and stainless steel appliances. A kitchen upgrade can increase your home's selling price and speed up the selling process. That's great news if you're hoping to make a sale. It's possible that, even if your home appreciates in value, you still won't be able to repay all of your remodelling expenses at sale time.

    Hitch Property Constructions has an extensive range of kitchen renovation Melbourne to take the hassle out of deciding the right furniture that matches.

    What Is The Typical ROI For A Kitchen Renovation?

    The return on investment for a remodel is proportional to the amount of money spent and the extent of the work performed on the project. Across the country, the average return on investment for a high-end kitchen renovation is 54 percent. The return on investment is 68%, or $126,000 spent.

    Modest refurbishing? An inexpensive kitchen makeover that puts you back $17,000 costs $21,000. ROI: 81%.

    ROI can be impacted by location. The average return on investment (ROI) for a modest redesign in the Pacific area is 93%. Which is better, ND or IA? As a whole, the average nationwide rate of cost recovery is 68%.

    Return on investment from kitchen renovations can vary significantly. Talking to a local agency is recommended to determine your return on investment. The experts have the knowledge to guide you towards the most worthwhile kitchen upgrades.

    Renovating The Kitchen To Increase Value

    Many people can't afford to take on a home renovation project that will cost more than $20,000. As a result, it is generally recommended to dissect a renovation into its constituent pieces and pick or choose the changes that are most appropriate given the constraints of your budget and your desired outcomes. If you want to get the most out of your renovation, it's best to tackle it step by step.

    If you want to get the most bang for your buck, you should start with these five kitchen upgrades, which will raise your home's worth without requiring a complete overhaul. You should make your dollar go as long as it can if you want to maximise its usefulness.

    Cabinet Painting And New Hardware Installation

    The cost of new cabinets is typically between 25 and 30 percent of the total price of a kitchen renovation. However, if you decide to make use of your current cabinets, you can reduce that cost by about ten percent. Cabinet painting and new hardware will cost you roughly $300 and $200, respectively, and will give your kitchen a whole new look without adding any additional labour costs.

    You may either purchase trim that makes your existing, shorter cabinets look like they reach the ceiling, or take on another DIY project that will increase height without required a complete rebuild. There will be some additional costs associated with both of these choices.

    Replacement of Countertops

    Your kitchen countertops are the focal point of the space, and they can grab people's attention in one of two ways. For this reason, replacing your countertops might provide you with a high return on investment. Laminate and Formica are two inexpensive options that can create a modern look and feel without breaking the bank.

    Materials like these, made with today's advanced manufacturing techniques, look and feel substantially more expensive than they did in the past, making them a wonderful choice for updating an old kitchen.

    Invest in New Appliances

    If the basics, such as updated equipment, are already in the kitchen, buyers will have an easier time imagining themselves making upgrades to the area on their own. Investing in new appliances for your kitchen range, such as a refrigerator, or double oven, will increase the space's utility and be one of the easiest modifications you can do during your remodel. It's also possible to save a lot of money by strategically timing the purchase of a home appliance during a sale.

    Install New Lighting Fixtures

    Features like light fixtures that draw attention to themselves are a good idea in any room, including the kitchen. An attention-grabbing fixture, or at least a tidy and modern one, can set the tone for the room's design and atmosphere. Imagine you have no idea where to begin.

    In such a circumstance, it is highly recommended that you seek the services of an electrician, who can either advise you on your options or rewire the building so that you can instal a new type of light. To illustrate, a pendant lamp would be a better choice than a traditional flush mount light due to its improved aesthetics.

    Place A New Kitchen Sink

    As with other types of home renovations, installing a new kitchen sink in place of your old one will nett you a greater return on your investment than you might at first think. Homeowners spend a lot of time at the kitchen sink and will notice if the fixture isn't up to par in terms of design or performance. If you decide to change the sink, you can add a fast and thoughtful touch that buyers will undoubtedly enjoy for an additional cost of around $400.

    Is It Worth It To Remodel Your Kitchen?

    Your objectives will dictate the correct response. It's true that you might not get your money back from a kitchen makeover, but it will still raise the value of your home.

    You shouldn't spend $60,000 on a new kitchen if your real estate agent estimates you'll only recoup $40,000. You aim to sell your property in two months. Lost $20,000! Then spend $5,000 on some tasteful repairs and upgrades. In order to increase your home's worth and make it more appealing to purchasers, you need to make some upgrades.

    Let's say you fancy yourself a bit of a chef. Life is enhanced when one has a cheerful kitchen. One-third of 2017 kitchen remodelers attribute their improved health to their new kitchen design. Almost half spend more time with their families, and 41 percent eat more meals prepared at home. These advantages cannot be ignored.

    Follow our advice to hire a reliable plumber, handyman, or other service provider. Attempting to save money by hiring an inexperienced person or going with the cheapest option will only end up costing you more in the end.

    Updating your kitchen is an excellent investment for you and your family even if you don't get your money back when you sell. Check out our range of kitchen renovation at Hitch Property Constructions.

    Tips For Renovating Your Kitchen

    Be Prepared To Save Money.

    The time it takes to secure funding could end up being longer than the restoration itself. It can take up to 45 days to finalise your home equity line of credit application after you've been pre-approved. Since the application procedure may take some time, it's best to submit yours at least three months before you need the money.

    Set A Reasonable Budget.

    According to the 2015 Cost vs. Value Report on Remodelling, a moderately-sized kitchen makeover cost an average of $56,768. That sum covers 200 square feet of semi-custom cabinets, average home appliances, and laminate counters. In 2015, a high-end kitchen remodel cost $113,097 on average (including new custom cabinetry, stainless steel equipment, and stone counters). In 2015, the average cost of a small kitchen remodel (no new cabinetry) was $19,226. The average cost of a large kitchen renovation in Phoenix is $55,269. The most expensive kitchen remodels in the city cost $110,646.

    The cost to replace the wiring in our 35-year-old kitchen was $4,175. The price of quartz and labour to set it up is $4,265. To get the ceiling up there, they had to move the main air duct and knock down a wall. Cabinets cost little under $8,000, while the appliances (dishwasher, stove, double oven, and microwave) cost $3,500 at Ikea. Less than $35,000 was spent on construction.

    Employ A Kitchen Designer.

    Saving time and effort, and making the most of limited storage space, can be accomplished through collaboration with a designer who is well-versed in the product. For optimal practicality and visual appeal, it's best to consult an expert when planning the kitchen's arrangement.

    Select A Reputable Contractor

    You should verify that your contractor is licensed, knows what you want, is easy to communicate with, and has a commitment to excellence.

    Don't Skimp On Key Components; Include Bells And Whistles.

    Don't skimp on quality when it comes to fixtures that will see constant use, like a sink.

    Select High-Quality Countertops.

    Quartz countertops, which are created by pulverising quartz stone and binding the resulting powder with resin, are currently all the rage. They may be found in a wide variety of vibrant colours, are long-lasting and low-maintenance, and complement today's minimalist design trend. While quartz was undoubtedly pricey, it was well worth the cost.

    Use A Backsplash To Bring Some Shine.

    A kitchen's backsplash is the room's equivalent of a necklace of diamonds. Depends on how you put them to use, your options might either help create or break up a coherent look.

    Select Oversized Efficiency

    If you want to spend less time worrying about the outcome of a meal you prepared, it may be beneficial to redesign your small kitchen so that it gives the impression of being much larger than it actually is.

    Here Is Where You Should Spend Your Money On The Kitchen.

    Kitchen Renovation Ideas

    If you ever decide to sell your home, potential buyers will conduct a thorough check of the kitchen to ensure that everything is in working order. Sure's why checking that everything is working properly is so crucial. If you want to increase the value of your home, one of the best ways to do so is to update the kitchen.

    Assure Premium Drawer Quality.

    Focus on appearance while keeping functionality in mind. Buyers will be opening your cupboards and drawers, so make sure the hardware is in good functioning order before you worry about the aesthetics of the space.

    Include Some Storage Area

    Simply put, there is never enough space in the kitchen for all of your cooking necessities. If you don't already have a bench at the end of the island, you may wish to put one there. This not only allows for more storage, but also more room for seating. If there is empty wall space in your home, you can quickly and easily install shelves or hanging racks.

    Benchtops Should Be Replaced If They Are Damaged.

    If your benches have begun to seem antiquated or have suffered minor damage, replacing the benchtops may be an excellent option to revive their appearance. Laminate is a durable material that can be manufactured to seem like more expensive products like marble or granite, so it is a good option if you want to save money. Money can be saved by doing this.

    Tiny features

    The covers of electrical outlets and light switches are examples of easily overlooked but crucial details. The kitchen can be brought up to date at a cheap cost by updating such components.

    Pick Your Colour Scheme Carefully.

    The tastes of each shopper are different. Consequently, it is essential to decorate your kitchen in a way that appeals to you; nevertheless, keeping a blank canvas can frequently attract even more buyers than it would be if you spent money on contemporary features, which may in fact drive some buyers away. This is because potential buyers will be better able to see themselves preparing meals in the kitchen if it is left as a blank slate. The buyers can then make the kitchen exactly how they want it.

    The Mistake Of Overspending

    Don't go overboard on the kitchen remodel to keep costs down.

    Real estate over-capitalization occurs when a homeowner makes an investment in excess of what they expect to recoup from a sale of the property.

    Make sure the planned kitchen renovations won't make the rest of the house look shabby before you get started on them. If, for instance, you've set aside $20,000 for a kitchen renovation but can afford only $12,000, you may want to rethink your priorities and use the remaining $8,000. This should increase curiosity among potential buyers.

    What’s Next?

    When getting your home ready to sell, one of the first things you should do is consult with a real estate agent about what needs to be done in the kitchen. They can advise you on how to improve your kitchen so that it appeals to the target audience, including what features are most important to homebuyers in your area. They can also provide insight into the preferred bathroom features of local homebuyers. The real estate agents in your region are compared here.

    FAQs About KItchen Renovation

    Remodeling your kitchen increases home sale value. According to Remodeling Magazine, in 2021, minor kitchen renovations like replacing appliances, repainting, countertop upgrades, and new flooring typically recouped 72.2% of their cost in the home's resale value.

    In most cases, you can count on your updated kitchen to boost the value of your home. It's no shock that buyers are willing to pay more for high-end finishes and thoughtful upgrades. According to a recent survey, 80% of homebuyers placed the kitchen in their list of top three most important spaces.

    While painting walls can be a fast and easy update, a kitchen remodel is not something you'll often do. So even if you DIY, it's important to take time to strategize the style and layout you'll be happy with for years to come.

    After a period of substantial use, cabinets and countertops are subject to the same wear and tear as the rest of your kitchen's features. They are not meant to last forever and depending on the material, they may require a full revamp every 10 to 15 years.

    A complete kitchen remodeling project which includes changes to the electrical service, plumbing, installing new appliances, finishes, and products can take up to five to six months. If your kitchen is small and less complex it can take around three months.

    Conclusion

    Some worry about a renovation's cost. Kitchen remodels cost $25,093 ($150/sq ft). Modern kitchens attract more purchasers. $17,000 kitchen makeover costs $21,000. In the Pacific, a moderate remodel often returns 93%.

    Cost recovery averages 68%. Modern laminate or Formica can be purchased cheaply. However, investing in new cooktop appliances is wise. One light may set a room's look, so choose carefully. A kitchen may not yield a direct ROI, but it increases property value.

    31% of homeowners who remodelled their kitchens reported feeling healthier. Phoenix kitchen remodels cost $55,269 on average. A kitchen backsplash is like a necklace of gems. If there's no seat at the island's end, add one. Many cooking items make kitchen storage difficult.

    Switch and outlet covers are often overlooked, yet they're important. These cheap renovations can improve your kitchen's aesthetic and function. Laminate counters are a money-saving alternative to granite.

    Content Summary

    • The kitchen is the best place for a stylish showpiece in your home.
    • Most real estate agents will tell you that updating the kitchen is the single most effective way to boost the value of your home, but this does not guarantee a high rate of return on investment.
    • Whether or not the price of a major kitchen remodel is more than covered by the increase in house value it provides is one factor to consider when making a home improvement plan and budget.
    • HomeAdvisor says the typical cost of a kitchen remodel is $25,093, or $150 per square foot.
    • To determine if spending tens of thousands of dollars to raise your home's value is worth it, you need to undertake a cost-benefit analysis.
    • A kitchen upgrade can increase your home's selling price and speed up the selling process.
    • The return on investment for a remodel is proportional to the amount of money spent and the extent of the work performed on the project.
    • Across the country, the average return on investment for a high-end kitchen renovation is 54 per cent.
    • Talking to a local agency is recommended to determine your return on investment.
    • If you want to get the most out of your renovation, it's best to tackle it step by step.
    • The cost of new cabinets is typically between 25 and 30 per cent of the total price of a kitchen renovation.
    • Your kitchen countertops are the space's focal point, and they can grab people's attention in one of two ways.
    • Replacing your countertops might provide you with a high return on investment.
    • Investing in new appliances for your kitchen range, such as a refrigerator, or double oven, will increase the space's utility and be one of the easiest modifications you can do during your remodel.
    • Features like light fixtures that draw attention to themselves are a good idea in any room, including the kitchen.
    • As with other home renovations, installing a new kitchen sink in place of your old one will nett you a greater investment return than you might initially think.
    • Homeowners spend a lot of time at the kitchen sink and will notice if the fixture needs to be better in design or performance.
    • If you change the sink, you can add a fast and thoughtful touch that buyers will undoubtedly enjoy for an additional cost of around $400.
    • Indeed, you might not get your money back from a kitchen makeover, but it will still raise the value of your home.
    • You shouldn't spend $60,000 on a new kitchen if your real estate agent estimates you'll only recoup $40,000.
    • To increase your home's worth and make it more appealing to purchasers, you need to make some upgrades.
    • Follow our advice to hiring a reliable plumber, handyman, or service provider.
    • Updating your kitchen is an excellent investment for you and your family, even if you don't get your money back when you sell.
    • After pre-approved, it can take up to 45 days to finalise your home equity line of credit application.
    • Saving time and effort, and making the most of limited storage space, can be accomplished through collaboration with a designer who is well-versed in the product.
    • If you ever decide to sell your home, potential buyers will thoroughly check the kitchen to ensure that everything is in working order.
    • If you want to increase the value of your home, one of the best ways to do so is to update the kitchen.
    • Buyers will be opening your cupboards and drawers, so make sure the hardware is in good functioning order before you worry about the aesthetics of the space.
    • Simply put, there is always more space in the kitchen for all your cooking necessities.
    • If your benches have begun to seem antiquated or have suffered minor damage, replacing the benchtops may be an excellent option to revive their appearance.
    • The kitchen can be updated at a cheap cost by updating such components.
    • Consequently, it is essential to decorate your kitchen in a way that appeals to you; nevertheless, keeping a blank canvas can frequently attract even more buyers than you would if you spent money on contemporary features, which may drive some buyers away.
    • The buyers can then make the kitchen exactly how they want it.
    • Stay moderate on the kitchen remodel to keep costs down.
    • When getting your home ready to sell, one of the first things you should do is consult with a real estate agent about what needs to be done in the kitchen.
    Google Rating
    5.0
    Based on 15 reviews
    js_loader
    Scroll to Top