Don’t Have the Budget for Remodeling? Here Are 5 Easy Kitchen Updates to Hone to Tackle in 2022
While there wasn’t much good to come out of the COVID-19 pandemic, homeowners who are thinking of selling in the coming year will be pleased to know home prices have skyrocketed thanks to the pandemic. Along with high home prices, sellers are nearly guaranteed to sell fast and get multiple bids on their home, as buyers are eager to move fast on any property they find.
As any experienced real estate agent will attest, renovating your home is imperative prior to selling. While not everyone has the budget for major remodeling projects, there’s plenty that can still be done on a tight budget.
If you decide you only have the budget to update one area, focus on the kitchen. As the focal point of any home, the kitchen is the space buyers will be most focused on when they’re deciding whether or not to put an offer down on your property. While kitchen renovations can be expensive, here are 5 tips that won’t break the bank!
Update your kitchen with a new backsplash
Even if you don’t plan on selling in the coming year, kitchen renovations are sure to impress your guests. However, if you’re considering putting your home up for sale in the near future, you’ll be pleased to know that even minor kitchen upgrades have an average return on investment of 72%. This means you’ll be able to recoup most, if not all, of your expenses when it comes time to sell.
Adding a new kitchen backsplash can be expensive depending on the extravagance, however, the job can be done with a small budget. The biggest cost factor lies in the materials you choose. Even high-end materials like granite can go for just $10 per foot. If your tastes lie on the more lavish end, you may end up paying close to $100 per foot.
Remember, the most important spots to replace your backsplash are above the stove and sink. The other areas can wait until you have a large budget.
This project normally takes about two days with hired labor and only costs about $150 to $400, so the process will be quick, easy, and relatively inexpensive.
Search for affordable countertop options
While kitchens are the focal point of any home, your countertops are the focal point of your kitchen. In fact, a nice countertop can transform an outdated kitchen into a modern, appealing space.
When it comes to remodeling the kitchen, countertops are one of the most important elements, which is why most full kitchen remodels inevitably require new countertops. However, it’s also easy to save money on this project by shopping around for affordable countertop options.
New countertops average anywhere from $1,800 to $4,100. Don’t feel intimated by this cost, however, as buyers will fudge over the extra money when you decide to sell in order to recoup those costs.
Paint your cabinets instead of replacing them
Every now and then, we all have the urge to simply rip out our old, outdated cabinets in favor of brand new cabinetry. Before doing so, remember that all new cabinetry can be one of the costliest parts of a kitchen remodel. In fact, the average cost of new cabinetry exceeds $5,000 easily.
So here’s a better option: don’t replace, just paint. Whites and grays are the best in order to stand the tests of time, however, you can’t go wrong with a pop of color. Be sure to paint both the inside and outside of the doors for the best results.
Want to save money even further? If your cabinet doors are failing, you’ll be happy to know that open shelving is in. Simply remove the cabinet doors to save money on paint and replacement cabinetry!
Upgrade to a fancy kitchen faucet
While this may seem like a small update, replacing your old, ugly kitchen faucet will give your kitchen a more modern look. Plus, newer faucets can also update your kitchen’s functionality by making cooking and cleaning a much simpler process.
For example, a high faucet can make filling large pots easier, while washing big cooking equipment is much easier with more room. Not to mention, an expandable nozzle is a great tool when cleaning.
Optimize your space with these designer-inspired tips
What does every homeowner most desire in their kitchen? Simply put, more space and more storage. In fact, top real estate agents nationwide cite plenty of drawer and cabinet storage as a top kitchen upgrade in 2021.
In order to optimize your space, limit your appliance selection, choose a coffee maker that tucks away, keep small appliances tucked away in storage space, buy a magnetic knife rack to keep your countertops clear, and store pots and pans overhead with a hanging pot rack. While these designer-inspired kitchen updates are simple, they’ll go a long way with impressing buyers and creating more space in your kitchen.
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