There are many reasons a person might consider investing in upgrades for their kitchen. Oftentimes, people will hire a luxury kitchen design team because they want to make their kitchen more aesthetically appealing or because they want to make their kitchen more functional. But overall, one of the most common reasons people elect to upgrade their kitchen is to increase the overall value of their home.
The kitchen is the room in the home that is most tied to overall homeowner value. Additionally, more than 28 percent of all homeowners consider the kitchen to be the “most valuable” room in their home, which is more than any other room.
According to Redfin, a leading real estate platform, “Every 10 to 15 years is generally the recommended time frame for a full kitchen remodel. Whether the functionality of your kitchen isn’t meeting your needs, or you simply want an updated look, it may be worth considering a kitchen replacement.”
Of course, kitchen remodels come with many different styles and budgets. Working with an experienced kitchen designer can help make the entire process much easier. Regardless, it will be important to think about the relationship between each design feature and the value of your home. Below, we will discuss 10 kitchen upgrades that will directly increase the value of your home.
1. Increase Aesthetic Appeal
It is often said, “You only get one chance to make a first impression” and nowhere is this truer than your kitchen. The aesthetic style you include in your kitchen will create a lasting impression upon everyone who views your home, whether they are guests or prospective home buyers.
The advice from one real estate appraiser suggests, “Once the exterior looks good, focus on the kitchen and bathroom. When these two rooms are outdated, they can keep a property from reaching its highest valuation.” Even small changes, such as updated cabinets, better color choices, new surfaces, and other aesthetics can have a tremendous impact.
2. Reduce Required Maintenance
According to one recent survey of 1,250 prospective US homebuyers, about 71 percent of all people want a home that is “move-in ready.” Move-in ready homes require considerably less maintenance and, consequently, will usually sell for much more.
There are many ways homeowners can potentially reduce the amount of ongoing maintenance their kitchen requires. Replacing all basic kitchen appliances, especially the refrigerator and dishwasher, will be a great way to get started. But additionally, you will want to update the kitchen’s basic infrastructure, including its plumbing, electricity, and gas features.
3. Incorporate a Home Office
Following the COVID-9 outbreak, more than 40 percent of all Americans started working from home. Even once the pandemic subsides, it is expected that many of these people will make their work-from-home switch permanent.
Combining a kitchen with a functional home office is a great way to increase total homeowner value. Incorporating a desk, office seating, and special features such as sound-resistant tiles can help make your home office complete.
4. Improve Kitchen Energy Efficiency
Due to its many appliances, need for heat, and relatively large square footage, the kitchen is one of the most energy-intensive rooms in the home. In response, one of the best ways to increase your kitchen’s appeal is to make it more energy-efficient.
Sealing doors and installing new windows will directly reduce your kitchen’s energy consumption. Installing energy-efficient appliances can also reduce your total consumption by 25 percent or even more.
5. Install a Smart Home System
According to Sean Blankenship, CMO at Coldwell Banker, “We have entered a realm where homebuyers are demanding smart homes… This is a shift from the previous thinking about what constitutes a move-in ready home. It’s a defining moment for real estate.”
The demand for home automation is notable. In fact, 44 percent of potential home buyers want a home that has smart home technology already installed. There are many systems that can be automated to make your home smarter, including lighting, audio, climate, security, and kitchen appliances. When properly coordinated, each of these systems can be easily controlled from one centralized location.
6. Open Up the Floor Plan
As today’s leading residential architects will tell you, one of the most notable trends in modern architecture has been the inclusion of open floor plans. Popularized around the middle of the 20th Century (MCM), an open floor plan is a great way to increase the connectedness of each room and also increase your usable square footage.
There are quite a few ways to convert your kitchen to have an open floor plan. In many cases, this will require demolishing a wall or removing a door. In others, it might include creating more dynamic interior features, such as French doors, in-home windows, and sliding doors.
8. Outside Connections
Finding ways to directly connect your kitchen to an outdoor area can also increase value. This is especially true in places like Boulder or Denver, Colorado where outdoor dining is feasible for more than half of the year.
Creating a seamless connection between the kitchen and the outside will help you entertain large crowds, while still being able to easily access their kitchen. For those with limited yard space, installing larger windows may serve as a value-adding alternative.
7. Increase Storage Space
One of the most common concerns people have about their kitchen is that it lacks the storage space they need. Because of this, most contemporary kitchen designs will include considerably more storage space than kitchens of years past. Whether starting from scratch or redesigning an existing kitchen, storage needs to be made a top priority.
When possible, incorporating a walk-in pantry can add a lot of value to the kitchen. In fact, surveyed homebuyers actually prefer a walk-in pantry to a walk-in kitchen. Other possible storage options include elevated shelves, floor-to-ceiling cabinets, concealed drawers, and more.
There are countless ways you can improve your kitchen. By thinking about the relationship between your kitchen and homeowner value, you can get the most out of your upcoming renovation. If you are in Colorado and completing your improved kitchen design in Denver, be sure to keep these timeless value-adding improvements in mind.