How much to spend on a kitchen remodel?
The amount someone spends on a kitchen remodel is often a mistake made by homeowners because they outvalue their home. You do not want to spend more on your kitchen remodel than your home value allows. For example, if your home is worth $180,000 you are not going to want to do a kitchen for $55,000 because that is almost about 30% of your home value. You want to go with around 10% of your home value as far as the remodeling budget goes. Sticking to this budget will ensure you will actually receive a return on your investment which is the goal in this situation!
Style of Cabinets and Countertops
Now when you are thinking about resale, it is important to consider what features are necessary, and which ones may not be so important. If it was your personal remodel, I always recommend splurging on what you really want in your kitchen, but because it is a resale stick with the basics! The first element to consider is the style of the kitchen, keep it neutral! For the cabinets, stick with either a natural wood door or a white shaker. White is really in right now and it attracts a lot of homebuyers, and natural wood cabinets are a classic look that will never go out of style, so it will also attract homebuyers as well. For countertops, I recommend spending the little extra to get granite or quartz countertops because it will attract buyers! Just be careful if you go with granite, you do not want to get anything too busy, something like Giallo Ornamental will not cost you an arm and leg to put in and it is also one of the more neutral granite countertops.
Appliances and Features
I am sure you know, appliances are a big factor in a homebuyer's budget. If they see they have to add buying new appliances into their home buying budget it might scare them off. Consider the age and appearances of your appliances. If they are very old and dingy, you might want to spend the extra money to upgrade to stainless steel appliances. Stainless appliances are going to be the number one color of appliances people are looking for so it is a safe bet.
As far as features go, consider at least one "wow" factor in your remodel. Maybe soft close drawers? Or a really large pantry? Features like these will see that you did put some time and love into your kitchen remodel before you decide to sell, and also shows that the craftsmanship was done well.
These are just some of the tips and tricks you may want to consider when deciding on how to remodel your kitchen for resale! It depends greatly on the market in your area, the budget you have to spend and what you want to get in return! I would love to hear any secrets you have to the homebuying market. Share them with me in the comments!