Kitchen Remodeling: Getting the Most for Resale

By: Allison Millar, Contributing Writer
In: Repair your home's value
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Debating whether a kitchen makeover is worth the financial effort right now? Will it boost your home value? The answers are not always clear cut, but here’s how to make the right decision for you.

While major kitchen remodeling projects take longer to provide a payback, quick kitchen design projects can provide a quicker route to boost home value. Here are some examples:

  • New countertops. A $1,000 to $3,000 expense, depending on the size of your kitchen and whether you go with laminate, on the low end, or granite, on the high end.
  • Cabinet refacing. Costs $3,000 to $7,000, based on the number of cabinets and the level of finish. Cabinet refacing also takes less time–often less than a week. For a less expensive option, try painting your kitchen cabinets. You might spend $100 in supplies or hire a painter for $400 to $700 for labor and supplies.
  • New flooring. Can add lots of pizzazz for $1,000 to $5,000.

Kitchen Remodeling: Where’s the Resale?

The good news is that kitchen remodeling remains an important focus for resale purposes, says CBS Moneywatch. Just be careful to keep it simple and inexpensive. Think about:

  • What level of finish fits your neighborhood? If it’s all top of the line, then you can splurge a little, but don’t go overboard.
  • How long do you plan to live in the house? You won’t get big remodeling dollars back quickly these days, but if you are cautious about spending and plan to stay for 5 to 7 years, you should be OK with kitchen remodeling. (Besides, you can also enjoy the space during that time, so there’s value in that!)
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  1. 3 Responses to “Kitchen Remodeling: Getting the Most for Resale”

  2. woody
    Oct 13, 2010

    Do most people take their kitchen appliances with them when they move from a house, or do you just leave them? I want to buy nice stuff, but we are going to move in a year or so. any ideas?

  3. Allison Millar
    Oct 19, 2010

    Most people leave their kitchen appliances, as buyers typically want a complete kitchen that they don’t have to do anything to. If you plan to move shortly, I would buy something nice enough to satisfy the next buyer without going overboard. Perhaps put the extra money aside with the thought you’ll then splurge in the new house.

  4. Nov 3, 2010

    Allison, this post offers great advice on kitchen remodeling and resale. For those readers interested in an easy and affordable makeover, consider replacing all of the old hardware and giving the kitchen a refreshed look. Updating doorknobs, cabinet and drawer knobs, and light fixtures is a simple and affordable update.

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