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Kitchen updates are worth
every penny
 (NC)-When
it comes to remodeling projects that yield high returns, kitchens are king.
According to Remodeling magazine's Cost vs. Value
report, a mid-range kitchen remodel ($45,000) will recoup approximately 91
percent of the costs, while an upscale kitchen remodel ($82,000) will recoup
about 85 percent.
But, what indulgences should you include? For the best return on
investment, Remodeling magazine recommends these
upgrades for a mid-range remodel.
Cabinets ($10,000 -
$15,000)
Semi-custom cabinetry offers you the flexibility to design the
kitchen of your dreams, while maintaining an affordable cost. Manufacturers,
such as HomeCrest cabinetry, offer a wide selection of woods and designs for any
kitchen size or style. For added convenience add a kitchen island, which
provides an enjoyable open food prep station or seating area.
Countertops ($3,000 -
$4,000)
Previously, laminate countertops were the only affordable choice.
New alternatives, such as Corian or Hi-Macs, provide an affordable, upscale
look. There are a variety of patterns or colors to fit every style and budget.
Plus, they offer added durability and easy installation-key benefits for any
remodeling project.
Upscale Faucets ($250 -
$700)
Style is plentiful in today's kitchen faucets. For a clean,
contemporary look, try Moen's Level faucet in a chrome or stainless finish. Or
for added functionality, try a pullout version, such as Moen's Medora pullout
faucet in chrome, stainless or dramatic matte black. Both faucets feature an
elegant single hole, single-hole, single-handle, high-arc design to meet varying
style demands.
Appliances ($5,000 -
$7,000)
Choosing energy efficient appliances increases the functionality
and aesthetics of the kitchen while decreasing your overall energy costs.
www.energystar.gov has listings of
energy-efficient models. Energy Star-rated refrigerators use 15 percent less
energy, while Energy Star dishwashers use 41 percent less energy. Be sure to
choose matching finishes on all appliances for a high-end look.
Resilient Flooring
($2,500 - $4,000)
Resilient flooring is a must-have for busy kitchens, withstanding
foot traffic and food spills. And there are a broad range of style, colour and
performance options to meet your needs and budget. Low price may not mean lower
quality, but less style choices or shorter warranties. Expect to pay more for
sophisticated styling, but they may also offer better damage resistance and
stronger warranties.
Paint and Stain ($200 -
$300)
For the walls, use a primer to create a perfect canvas. Next,
choose a washable latex paint so you can easily wash away any food splashes and
stains. For wood trim you have two choices: paint or stain. If staining, test
the colour to create a close match to your kitchen cabinets for a cohesive look.
If painting trim, choose a high-gloss paint to set it apart from the walls.
When it's time to remodel your kitchen, remember smart innovation
will pay off. In addition to the enjoyment that it provides, it will also reduce
your energy bills and increase your home's value when it comes time to sell.
More information is available toll-free at 1-800-465-6130.
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