5 Budget Friendly Kitchen Renovation Ideas for Improved ROI
The fundamental question that most homeowners face while embarking on renovation projects is, ‘Will this pay off’? In other words, will this bolster the value of the home when it is put up for sale?Well, there are a lot of numbers and statistics that help. But there is no definite answer because the actual value of a home depends on a lot of other factors too.

Home renovations can be a tricky and expensive affair. It’s easy to dream about a plush living room with marble flooring and a dainty kitchen island. But you have to tread carefully because not all home improvements will protect your dollar.

Think cost vs. value. While kitchens and bathrooms can be the costliest to redo, they are more likely to pay for themselves when you finally decide to put up that ‘For Sale’ sign on the lawn.

According to a recent report by ‘Remodeling Magazine’, every $100 spent on upgrading your kitchen can increase the value of your home by $83. That is a great return on your investment than what a swimming pool or a replaced roof would yield.

Contrary to what most people think, if you plan well, you can give your kitchen a facelift without hurting your pocket too much.

Here are five budget friendly makeover ideas for your kitchen.

Refacing the Cabinetry: The cabinets are the most ‘visible’ part of your kitchen. And giving them a minor facelift can breathe new life into your kitchen area.  Spray Painting the cabinet doors is a cost effective way to make them as good as new. You do not have to replace it completely, because if you have an old kitchen, replacing the hinges will quickly compound the cost.

Ambient Lighting: Changing the ceiling lights can significantly alter the look and feel of your kitchen. If you are still stuck to Halogens, replace them with LEDs which are energy efficient and last longer than conventional lights. Many old kitchens do not have sufficient lighting which can cause fatigue if you spend a lot of time in the kitchen. DIY options include plug-in strips which are easy to install and ‘Rope lights’ which improve the appeal.

Paint the ceiling: Ceilings are like magnets for smoke and grime and a fresh coat of paint on the ceiling can brighten things up in the kitchen instantly.

Backsplash: If you do not have one yet, add a backsplash to completely change the look of your kitchen. It’s cheap and there are an abundance of decorative options to choose from.

Accessorize: Sometime, all you need to do is change the hardware on the cabinetry to make them look as good as new. Pendants, modernized lights and decorative fixtures are also ways to add to the appeal.

Other than these minor changes, you can also consider upgrading a couple of appliances to energy efficient ones.

If you are planning on a remodel, speak to real estate experts to know the average price that other homes are selling for, in your neighbourhood. That way, you can avoid out-pricing your home.