Think about the last time you updated your kitchen. Maybe you replaced your old, outdated cabinets with new ones. If so, you probably noticed a difference in how your kitchen looked and felt – and you may have also gained some extra storage space. But did you know that replacing your cabinets can also increase the value of your home?
If you’re thinking about renovating your home, new cabinets should be at the top of your list. But how much do they really add to the value of your house? We asked some professional interior designers for their take on the matter. Here’s what they had to say.
Kitchen and Bathroom are the Selling Points of Your House
According to experts, kitchens and bathrooms are the main selling points of a house. And if you want to maximize your home’s value, you should focus on these two rooms first.
“It’s common knowledge in the design and real estate industries that the interior rooms that really sell homes are kitchens and bathrooms. These can be the most challenging to design, but if done well, they can be the difference in selling your home or not.”, says Joe Cangelosi, a renowned interior designer and he is not the only one who thinks this way.
“The kitchen and bathroom are the most critical rooms to maintain while attempting to sell your property. Potential homebuyers are particularly interested in these areas since they are the ones that are utilized the most frequently.”, agrees Talia Short from Forex Furniture.
The Importance of Kitchen Cabinets
Interior designer Lauren Proctor reminded us of the importance of kitchen cabinets. Cabinets are an important part of our homes, be it a kitchen, bedroom or living area. They help us in keeping things organized. No one would prefer to keep things on the counters and tables and give their home a messy look. Cabinets provide many advantages:
- They keep the space clean.
- They save our time and energy.
- They save things from being misplaced or lost.
- They help us in keeping a check on the stock easily.
“New cabinets can absolutely increase the value of your home, but it’s important to be careful when installing. Of course, the better the cabinets and the more professionally they’re installed, the more your home value will increase.”, says Grace Baena from Kaiyo.
“As most people love to cook and entertain, a kitchen becomes a crucial selling point towards that lifestyle. Cabinets guarantee enough storage space for people to dream of their next meal whether it be gatherings with friends or family. Aside from that, requests such as countertop garbage chutes, cabinet organizers, or built in fridges add to both the appeal and cost of modern kitchen cabinets and home value.”, says Joe Ferguson, interior designer with over 18 years of experience.
“It’s normally advisable to match your kitchen’s decor to your house’s design theme or age. Bringing your home’s interior design concept into the kitchen is an excellent approach to achieving aesthetic continuity. Design consistency is what gives your house that natural flow that makes it more visually lively and unified. A potential homebuyer’s first impression of your kitchen or bathroom is quite important.”, adds Tiffany Payne, a renowned interior designer.
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Let’s Talk Numbers
Mike Martin from Remodeling Expense explains that it is difficult to estimate the precise value that new cabinets will add to a home. Several factors such as the quality of the cabinets, the style of the home, and the location of the property will all play a role in determining this value.
The typical cost of a minor kitchen makeover is around $27,000, with an average profit of $23,000. That’s an ROI of 81 percent. Your ROI can also be affected by where you reside.
However, refacing cabinets might get you the most bang for your buck. A typical cabinet refacing costs between 4,500 to $8,000 which is almost 50% percent less than replacing them. You can dramatically change the look and feel with new hardware, closers, and color to look completely updated like new.
In most cases, new cabinets will increase the value of your home. How much they will increase the value depends on many factors as mentioned above. If you are planning to sell your home in the near future, investing in new cabinets is a wise decision that is sure to pay off.
“A new set of cabinets can add about 10-15% to the value of your home. This is because a well-designed and installed set of cabinets can improve the function and usability of your kitchen and make it more visually appealing to potential buyers. By increasing the value of your home, you may be able to sell it for more money in the future.”, adds Kate Diaz from Swanky Den.
But even smaller kitchen upgrades can increase the value of your home.
“For a small kitchen upgrade, the average ROI is about 80%. If you spend $3,000 on new cabinets, you can expect to boost your home’s sale price by about $2,400.”, explains designer Ana Rodriguez.
Peter Emmanuel Rossi, founder of ByRossi, adds that if you decide to just refinish your cabinets, the estimated cost will just be 10% to 15% of the cost of newly installed cabinets. This is also an efficient way to save costs and upgrade on home aesthetics.
When planning a home improvement project, it’s important to consider how the changes will affect your home’s value. According to kitchen remodel experts, a new set of cabinets can add about 10-15% to the value of your home. This is because cabinets are one of the first things potential buyers notice when they walk into a kitchen. If your cabinets are old and outdated, they can drag down the overall look of your kitchen, making it less appealing to buyers.
So if you’re looking to add some value to your home, new kitchen cabinets are a great place to start.
Nelson Cabinetry is an online distributor of high quality kitchen and bathroom cabinetry. We pride ourselves in delivering a high quality product via an easy to use, convenient website. Placing your cabinet order has never been easier and you can do so from the comfort of your home, office or job site.