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    10 Benefits of Updating a Kitchen for Personal Home, Investment, or Rental

    Updating your kitchen is a great way to improve both the look and functionality of the space. Whether you are doing it for personal reasons, to increase the value of your home, or to make it more attractive to renters, there are many benefits to be had.

     

     

    The kitchen is the central point of activity in most homes, so it’s no wonder that it’s often one of the most important rooms when owners are giving their home a simple facelift or even opting for a thorough renovation. And of course this means that buyers are paying attention to the kitchens, too – according to the Zillow Group Consumer Housing Trends Report of 2018, 58 per cent of buyers who bought a home in the previous year reported that the kitchen was extremely important or very important to their decision.

     

    The advantages you get from remodeling your kitchen will depend on whether it’s for your own home, for investment purposes, or for a rental property. There are several simple High-ROI Home Improvements For Your Home opportunities.

    Benefits for a Personal Home

    It goes without saying that a kitchen remodel offers improvements to the way you prepare food and entertain. These benefits are attributable most of all to an improved layout, particularly in terms of storage. A kitchen storage pantry cabinet or lazy susan for blind corner cabinet will help with organization and the optimization of space, while a kitchen island with cabinets will introduce room for even more storage, counter space, or even a stovetop.

     

    Nelson Cabinetry White Shaker Kitchen Collection with Island, Wood Hood, and Wall Microwave Cabinet
    Nelson Cabinetry White Shaker Kitchen Collection with Island, Wood Hood, and Wall Microwave Cabinet

     

    Updating your appliances and the electrical will also up the energy efficiency factor, which translates into lower energy costs in both the immediate and the short term. New appliances and electrical systems also mean that the kitchen will be safer, since there’s a safety risk to using old appliances with today’s electrical supplies, and vice versa.

    Benefits for Investment

    So how much does a kitchen remodel really increase the value of a home, and what exactly constitutes a cost effective kitchen remodel? Homelight.com puts the increase in value of a home at about 60% of the remodel costs, while Zillow reports that the return on investment for a kitchen remodel is about 81% for minor jobs that cost around $21,000 and 53% for major upscale jobs that are around $125,000. While you won’t be getting all of your money back, you can still expect to get a modest ROI (return on investment).

     

    Source: Erdmann

     

    Based on the above figures, it’s worth considering whether a minor job is right for you. First, consider any upgrades that seem to be the most urgent, and then determine what kind of minor jobs would have the greatest impact. New cabinets can do wonders for a kitchen and if you shop around, you can find excellent quality at attractive prices. This is especially the case for ready to assemble cabinets, which you can purchase online from reliable and affordable companies such as Nelson Cabinetry, which offers high quality RTA cabinets as well as different show-stopping sinks that are sure to catch any renter’s attention.

     

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    Benefits for a Rental

    In addition to offering a significant return on investment for the sale of a property, a kitchen remodel also boosts the value of a rental. Kitchens and bathrooms have the greatest potential to “wow” possible renters, who may be willing to pay a little bit extra every month for little extras that may cost less than you would originally imagine. Meanwhile, when performing a kitchen remodel you’ll get a chance to address any issues that might become an issue down the line for renters, such fixtures or appliances.

     

    Overall, it’s wise to think at least five years down the line when planning a kitchen remodel. Investing in quality, classic features such as shaker kitchen cabinets make it possible for you to completely transform the look and functionality of the kitchen without breaking the bank.

    Here are 10 of our favorite benefits of updating your kitchen!

    • Improved Functionality: One of the biggest benefits of updating your kitchen is that it can make the space more functional. This is especially true if you are adding new appliances or storage solutions.
    • Increased Home Value: If you are planning to sell your home, then updating your kitchen is a great way to increase its value. A well-updated kitchen can add thousands of dollars to the value of your home.
    • Improved Home Appeal: Another benefit of updating your kitchen is that it can improve the home appeal of your home. This is especially true if you are planning to sell your home or rent it out.
    • More Attractive to Renters: If you are renting out your home, then an updated kitchen can make it more attractive to potential renters. This is because most people want to live in a home with a modern and updated kitchen.
    • Better Energy Efficiency: Updating your kitchen appliances and fixtures can also lead to improved energy efficiency. This means that you will save money on your energy bills each month.
    • Improved Safety: Updating your kitchen can also improve the safety of the space. This is because you will be able to install new and improved appliances and fixtures that are up to code.
    • More Storage: One of the great benefits of updating your kitchen is that it can provide you with more storage. This is especially true if you add new cabinets or shelving.
    • Greater Convenience: Updating your kitchen can also make it more convenient for you to use. This is because you will be able to install new features that make your life easier, such as a dishwasher or an instant hot water dispenser.
    • Better Organization: Updating your kitchen can also help you to better organize the space. This is because you will be able to add new storage solutions that can help you keep your kitchen organized.
    • Increased enjoyment: Last but not least, one of the best benefits of updating your kitchen is that it can simply make the space more enjoyable for you to use. This is because you will love having a modern and updated kitchen that looks great and functions well.

     

    Final Thoughts

    As you can see, there are many benefits of updating your kitchen. Whether you are doing it for personal reasons, to increase the value of your home, or to make your rental more attractive, updating your kitchen is a great idea. Just be sure to work with a reputable company, such as Nelson Cabinetry, in order to get the best results.

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    Nelson Cabinetry

    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.

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