How Updating Your Kitchen Increases Home Value

Have you ever bought a house and renovated an outdated kitchen only to find that the house is worth more than you paid for it? The same can be said of updating your bathroom or adding an extra bedroom. These simple updates not only make your home look better but also increase its value.

Even if you love your current kitchen, you will eventually have to upgrade it. As of 2022, the average kitchen size in a Canadian home is more than twice as large as that in a home built in the 1970s. These newfound extra rooms are great for cooking, but they also make your smaller dated kitchen look even older.

Here is how updating your kitchen increases your home value.

1. Paint and Renovate Your Cabins

If you are not looking to sell anytime soon, updating the cabinetry is still important for increasing your home value because it preserves your investment. When you update cabinets, you increase your home’s value by thousands of dollars. Once your kitchen is updated, it attracts more buyers to look at your home. An updated kitchen also gives potential buyers a better idea of how they can redo the space themselves.

2. Upgrade Your Appliances

Some homeowners be tempted to leave their dated appliances when they update a kitchen in order to save money, but this can actually decrease your home value. If the buyer is unsure about the age and quality of a particular appliance, it gives them a reason to offer less money on your home. If you plan to stay in your home for a while, consider replacing the appliances yourself and passing the cost onto the next owner when you leave.

3. Work on Kitchen Sink Issues

If you are not experiencing problems with your kitchen sink, don’t worry about replacing it just yet. If the problem is only on the surface level, then all you might need to do is work on renovating that. Replacing appliances and updating cabinetry can be a lot of work, so minor fixing issues within your project could save you money and time.

4. Add a Bigger Kitchen Window

Not only will adding a bigger kitchen window brighten up your home, but it could also increase its value by thousands of dollars. Homeowners looking to sell their homes should consider adding a larger window for more natural light, as this is an easy update that can be done in one day.

5. Consider Flooring Option

Whether you choose hardwood, carpet, or tile for your kitchen floor, investing in the right flooring can increase your home value by thousands of dollars. Hardwood floors are popular because they are resistant to stains and scratches. Carpet is another good option for kitchens because it is soft underfoot; however, it is also an undertaking that should not be entered into lightly. A tile is a good option if you have a high-traffic kitchen because it is durable and easy to clean.

Conclusion

There are a variety of simple updates you can make to your kitchen that will improve its appearance and increase your home’s value. If you have been putting off renovating for too long, consider what your options are before trying anything else.