Focus on These 5 Kitchen Upgrades to Add the Most Value to Your Home (2024)

A stunning kitchen is both a focal point of a home and a great selling feature when it comes time to put your property on the market. But before you rush off to the nearest showroom to start perusing all the enticing options for a makeover, remember: Not all kitchen upgrades are created equal.

If a kitchen renovation is in your future, or you're preparing to sell your home, here are some of the upgrades that reliably add value and provide a return on your investment.

Focus on These 5 Kitchen Upgrades to Add the Most Value to Your Home (1)

1. Add a Kitchen Island

Real estate investor and home flipper Donald Olhausen, owner of WeBuyHousesInSanDiego, says adding a kitchen island is one of the best ways to increase the value of your kitchen when embarking on renovations.

"Kitchen islands are highly sought out by potential buyers, tend to add more counter and storage space, and can really make a kitchen feel bigger than it is," explains Olhausen. "It's also an incredibly safe investment because it's a trend that's not likely to go out of style."

Although there are many benefits to adding a kitchen island, be prepared to spend a bit of money, as this type of upgrade requires a fairly substantial investment. The final cost varies based on whether the island will include plumbing and electrical, but you can expect to spend between $4,000 and $5,000 on materials for an island and anywhere from $3,500 to $5,000 for labor.

"You can certainly find prefabricated kitchen islands at big box stores, but I do not recommend this as they do not add any value, are difficult to match to the house, and will probably look out of place," says Olhausen.

2. Update, Paint, or Replace Cabinets

Another one of Olhausen's favorite ways to increase the value of a kitchen is to update the cabinets. "Whether painting cabinets, updating hardware, or completely changing them out, this is a sure way to completely change the look of a kitchen," explains Olhausen. "Today's buyers tend to focus on storage and favor cabinets with good aesthetic appeal."

The cost of this upgrade varies depending on the size and scope of your project and the quality of the cabinets selected. If you focus on just replacing hardware, expect to spend at least $100 to $200, depending on where the materials are purchased, says Olhausen. "These are expensive at big-box stores but cheap on Amazon."

When selecting new hardware, don't worry about finding an identical match to the existing finishes in your kitchen. "Look around your space and note what metal finishes you currently have on plumbing fixtures, lighting, or appliances and then select a hardware that works well with those finishes," says John McClain, of Los Angeles-based John McClain Design. "It doesn't have to be the exact finish as your other design elements; it just has to partner well with them."

Repainting cabinets is the next step up in modernizing your kitchen cabinets and will cost quite a bit more than simply renewing the hardware. You can expect to spend anywhere from $2,500 to at least $4,000 depending on the total surface area of the cabinets. If this price is daunting, keep in mind that you usually get the best return on investment on this effort, especially when combined with new hardware, says Olhausen.

How to Paint Kitchen Cabinets for a DIY Room Refresh

Replacing cabinets entirely will be the most expensive option. Final costs depend on such things as general contractor fees and the cabinets selected. For an average size kitchen, expect to spend about $4,000 to $5,000 in materials and $5,000 to $6,000 in labor, says Olhausen.

"This upgrade usually averages out to $9,000 or more to replace cabinets with a mid-grade material. Custom jobs will always demand a higher price as there are usually less materials on hand and more work involved," he explains.

Focus on These 5 Kitchen Upgrades to Add the Most Value to Your Home (3)

3. Upgrade Appliances

Old, outdated, and poorly functioning appliances are one of the top reasons homeowners renovate a kitchen or move to a new home entirely. Most of us spend way too much time in our kitchens to want to deal with unreliable appliances, says Liz Walton, design leader and CEO of the full-service luxury interior design firm Liz Walton Home.

"By investing in quality, high-performance appliances now, you will reap the benefits for years to come with perfectly cooked and baked foods, and when it comes time to sell your home, those professional-grade appliances will be a major selling point to any buyer," explains Walton.

Stainless-steel appliances, which have been wildly popular for years now, remain the go-to option for countless homeowners. Beatrice de Jong, broker and consumer trends expert for Opendoor, says they continue to be the best bet when it comes to adding value to a kitchen.

"Stainless-steel appliances inspire potential buyers to imagine life in that very kitchen—and want to put down an offer right away," says de Jong.

But don't go overboard when selecting new appliances. There's a range of price points for new stoves, refrigerators, and dishwashers, and while it's important to have updated features in your kitchen, it's not necessary to buy the top-of-the-line options. "Not overspending on the most luxe brands will ensure you see a return on your investment," says de Jong.

Focus on These 5 Kitchen Upgrades to Add the Most Value to Your Home (4)

4. Replace Countertops

Twenty years ago, granite was all the rage, but today, few people want dark, speckled countertops. Give your kitchen a brighter look with new white or light, neutral quartzite countertops or porcelain countertops, which have been trending for the past year or more.

"These will give your kitchen an instant facelift and attract buyers," says Walton. "Bonus: you will have less maintenance and more money in your pocket when you are ready to sell."

Using real marble, which can be very pricey, will rarely translate into a return on your investment when upgrading countertops. "But there are many options to get the look for less," says de Jong, who like Walton suggests quartzite materials as a less costly alternative.

No matter which updated material you select, countertops are an important investment and one that makes a significant difference in the appearance of your kitchen and its resale value. "Get rid of outdated tile and grout countertops that are hard to clean," adds de Jong. "Upgraded countertops will give your kitchen an elevated and modern look."

Focus on These 5 Kitchen Upgrades to Add the Most Value to Your Home (5)

5. Add a Multipurpose Work Area

Increasing the functionality of your kitchen by adding a desk area or a multipurpose zone is an increasingly popular way to add value to kitchens amid the COVID-19 pandemic, as many people are still spending the majority of their time at home.

"With people now working from home and multitasking like never before, it's become evident many of us don't have enough spaces in our home that support this new live-work lifestyle," says Jessica Rae Sommer, senior creative director for Maverick Design, an interior design firm that's part of Wedgewood Homes. "At Maverick Design, we see immense short-term and long-term value in adding functional spaces to the kitchen to improve quality of life and overall functionality."

Kitchen counters offer a great space to work, but an in-kitchen desk works best for when you don't want to make the mistake of setting your laptop down in a puddle of water or other kitchen debris. This type of added space can function as a work-from-home desk or as a spot for kids to do homework while parents prepare dinner. It can also be useful as a place for a quick Zoom call during the day.

"The kitchen desk doesn't have to lose beauty for functionality either," adds Sommer. "Try pairing a simple butcher-block slab with statement art and accessories for a stunning multifunctional space that adds value to buyers."

Focus on These 5 Kitchen Upgrades to Add the Most Value to Your Home (2024)

FAQs

Focus on These 5 Kitchen Upgrades to Add the Most Value to Your Home? ›

Kitchen Remodel Average ROI

According to a 2023 survey from Remodeling Magazine, a major kitchen renovation or upgrade has an average ROI (return on investment) of 31.7%. That means that for every $100 you spend on your kitchen remodel, you are increasing the resale value of your home by about $37.

Does upgrading your kitchen add value to your home? ›

Kitchen Remodel Average ROI

According to a 2023 survey from Remodeling Magazine, a major kitchen renovation or upgrade has an average ROI (return on investment) of 31.7%. That means that for every $100 you spend on your kitchen remodel, you are increasing the resale value of your home by about $37.

What is the biggest expense in a kitchen remodel? ›

Kitchen cabinetry is the most expensive part of any kitchen remodeling costs. Cabinets currently make up 29 percent of the overall budget.

Does a kitchen backsplash increase home value? ›

Overall, a backsplash is a fantastic way to increase the value of your home a little at a time. It is something that can be done in a weekend but that will affect the value of your home for a lifetime. With the right backsplash you can bring all the elements of your home together and truly make a difference.

What makes a kitchen look rich? ›

For an expensive-looking kitchen, mosey past the punchy colors in the paint chip aisle. Kerrie Kelly, an interior designer, suggests choosing a timeless color palette, such as a deep hue or any neutral. “It sounds simple, but a fresh coat will always make a difference,” interior designer Kristina Phillips says.

What increases house value the most? ›

Maintaining a property and making home improvements help increase the resale value of your home. Minor remodeling to major renovations in the kitchen and bathroom are particularly beneficial. Replacing outdated features through strategic projects significantly boosts its worth and resale value.

How to increase home value by $50,000? ›

Adding $50K in Value to Your Home: Top Strategies for Sellers
  1. Curb Appeal Matters. First impressions count. ...
  2. Upgrade the Kitchen. The kitchen is often the heart of the home. ...
  3. Bathroom Remodel. Bathrooms also hold great value. ...
  4. Energy Efficiency Improvements. ...
  5. Fresh Paint and Flooring. ...
  6. Professional Staging. ...
  7. Proper Pricing Strategy.
Aug 28, 2023

Do high end appliances increase home value? ›

While numbers can vary drastically, one report suggests that professional-grade appliances add value to a home and help it sell for 3.6% more. With the median home sales price in the United States at $431,000,2 this increase can equate to an extra $15,516 in sales price.

How much should you spend on a kitchen renovation? ›

As a rule of thumb, a kitchen renovation budget should be around 3-8% of a home's value. Therefore, if your home is worth $900,000, you can safely spend between $27,000 and $72,000 without overcapitalising.

Is $10,000 enough for a kitchen remodel? ›

Absolutely! Smaller kitchens can see remodels ranging from $5,634 to $12,000. However, it's crucial to grasp the variables influencing a remodel's budgetary confines.

Is $20,000 enough for a kitchen remodel? ›

If it's all small, superficial work, you could do it for under $10,000. For slightly more substantial work (replacing floor, more appliances), you may be able to get away with $10,000 to $20,000 on a small kitchen upgrade.

Is $30,000 enough for a kitchen remodel? ›

The kitchen remodel cost can vary, but a budget of $30,000 should be sufficient for a mid-range renovation. However, it's essential to consider your remodel's specific needs and goals to determine if the budget is adequate.

Do new cabinets increase home value? ›

Basics. The “value” is not just about the aesthetic appeal of the cabinets, it's a combination of the quality, durability, design, and how it complements the home's overall décor style. A carefully selected set of cabinets can indeed maintain the value they add to your home for years to come.

Should you replace backsplash before or after countertops? ›

As you begin the remodel, getting the countertops done first allows you the chance to make on-the-fly changes that can directly affect how your kitchen wall tile gets installed. Getting your countertops set first allows you to make crucial decisions about your incoming backsplash placement, layering, and color choices.

What countertop adds the most value? ›

It comes in various patterns and colors, so you can find a style that fits your kitchen. Granite countertops are a great investment because they have a high return on investment. If you're considering selling your home in the future, granite countertops are an ideal way to increase your home's value.

What is the most expensive part of a new kitchen? ›

While kitchen appliances are the runner-ups, cabinets are the clear winner in being the most expensive part of a kitchen remodel. However, countertops still hold third place. While deciding your budget, you should always set aside some money for miscellaneous expenses.

What is the most expensive thing in a kitchen remodel? ›

Cabinets are the most expensive part of a kitchen remodel, regardless of whether you are installing brand-new kitchen cabinets or want to refresh your old cabinets.

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