Which remodeling projects are going to give me the best return on investment?
Posted by: Erica Abel (Realtor)
May 20, 2014 4:02 pm
If your kitchen looks worn and dated, a great way to change the entire look is to consider refacing cabinets. Refacing your existing cabinets by reusing the existing boxes is a great way to save money. Refacing cabinets typically includes new cabinet doors & drawer fronts, refacing panels, decorative mouldings, and decorative hardware. It is a great way to update your kitchen without going to the expense of tearing out all of the cabinets. You can save up to 60% when comparing the cost of refacing cabinets to replacing with new cabinets. Some other benefits are being able to use your kitchen during the process, and the project is usually completed in less than a week.
Some other items that you may consider in your minor kitchen remodel are:
1. Replacing your countertops with granite, quartz, solid surface, or tile. These are all great options. If you’ve already replaced your countertops, cabinet refacing can be done with no harm to the countertop.
2. Replace appliances & decorative plumbing fixtures with mid-range priced items. Stay away from high priced plumbing fixtures, and use mid-priced stainless steel appliances.
3. Replace flooring with a high traffic resilient product such as laminate flooring or tile. Or even refinish your existing hardwood floors to save money.
These are just a few ideas to help you build equity quickly in your home, or get it ready to sell.
“© 2014 Hanley Wood, LLC. Complete data from the Remodeling 2014 Cost vs. Value Report can be downloaded free at www.costvsvalue.com.”