Because the housing market has been so poor, some people may choose to invest in their homes to beat the housing slump and shore up the value of their biggest asset. Remodeling magazine's "Cost vs. Value Report 2007" reports that a minor kitchen remodel remains one of the top three renovations for return on investment, giving homeowners a solid 83% ROI. So if you're ready to swing the hammer and work the saw, here are ten ideas and links to do-it-yourself information from our swickis for your next kitchen remodeling project.
- Reface kitchen cabinets. Updating worn out cabinet faces can refresh and update the whole room. Much cheaper than replacing the cabinets, this project can keep your costs down while giving your kitchen a new lease on life.
- Install a new faucet and sink. While you're figuring out if you want a farmhouse sink, vessel sink, or other type of sink, consider buying a faucet with a water aerator. The aerator injects bubbles into the water to maintain the water pressure while reducing overall water usage.
- Replace kitchen countertops. Laminate, tile, stainless steel, and granite countertops are just a couple types to consider.
- Install energy efficient appliances. Installing a new energy-efficient cook top, wall oven, refrigerator, dishwasher, or other kitchen appliance can save money as well as add value to your home. According to Energy Star, an eco-friendly dishwasher can use "41% less energy than the Federal minimum standard."
- Add a kitchen island. Installing a kitchen island in your work triangle can help you flow through meal preparations. Consider making the countertop a butcher block counter so that you have a ready space in which to prepare food.
- Replace old flooring. Tile, wood, concrete, and cork flooring are a few popular choices. Even linoleum is making a comeback because of some eco-friendly properties, according to HGTV.
- Redo the backsplash. Perhaps water splashing from the sink and splatter from numerous mealtime preparations has stained parts of the backsplash. Perhaps it just looks dated. Replacing it can clean up and refresh the look of the kitchen.
- Replace the cabinets. If refacing doesn't go far enough or there is structural damage to the cabinets, you may consider replacing them entirely. This can also be a chance to change the whole design and look of the kitchen. You could go for the sleek look of a contemporary style or create a warm atmosphere with a country design. Be sure to check on building permits for a big project.
- Repaint/replace trim and wall coverings. Some new color or new trim can subtly emphasize different aspects to your kitchen.
- Change out pulls and handles. Installing new handles, hinges, and pulls is a relatively simple task that can add a little extra luster to your kitchen.
An investment in your kitchen looks to remain one of the top ways to add value to your home. So fire up the miter saw, and get those design plans started.