Here are five improvements, both big and small, that promise a fabulous return on your kitchen improvement investment:
1. REFACED CABINETS
Average Cost: ~$4,000-$6,000
Expected ROI: ~80 to 100%
Cabinets are far and away the most expensive kitchen component. They are also, typically, the first thing that people notice. Updating cabinets with paint is a great option if the color is simply dated, but refacing existing cabinets is where you will get the best return. With this option, you maintain the layout and original structure, while achieving a contemporary look. A standard kitchen cabinet refacing will run to $4,000 to $6,000, as opposed to installing new cabinets, which typically runs in the $25,000 range. Translation: The ROI is essentially the same, but upfront savings are substantial.
2. CONSISTENT APPLIANCES
Average Cost: ~$5,000-$6,000
Expected ROI: ~60-80%
The mix and match look repels most buyers, so we recommend upgrading your dishwasher, oven and refrigerator so they all feel like part of the same family. Stainless steel remains the most popular material (but you could also go with matte black or gleaming white). Opt for a smudge-free finish and perhaps a single fancy amenity—like an icemaker or butter dispenser.
3. A KITCHEN ISLAND
Average Cost: ~$600-$5,000+ (depending on materials, size, etc.)
Expected ROI: ~60-80% (depending on investment)
Islands are so coveted because they are the perfect marriage of function and entertainment value. They also offer a tremendous amount of workspace. Even in a smaller kitchen, a mini eat in breakfast bar with storage underneath will be well worth the splurge.
4. DURABLE COUNTERTOPS
Average Cost: ~$35-$100/ft (for quartz)
Expected ROI: ~60-80%
When it comes to countertop material, you’re going to want to invest in one that not only looks great but wears well and has a lasting finish. After all, you don’t want to spend a small fortune on counters only to replace them again in five years. Quartz is the future of countertops, It’s high performing, affordable and ages beautifully.
6. UPDATED HARDWARE
Average Cost: ~$1,000 or less
Expected ROI: ~85-100%
Replacing old knobs and pulls with sleek new options is one of the easiest and most cost-effective ways to make a kitchen look fresh. From a functional standpoint, making these updates and even replacing old hinges with smooth, interior-hanging options (rather than bulky visible ones) will have a big impact on prospective buyers.