Kitchen renovations are considered to be one of the best renovation projects in terms of payback. The kitchen is the heart of the home and often contributes significantly to whether a buyer will purchase the home or not. I know I have covered off kitchen renovations in the past but I want to provide you some feedback on a second major remodel that I did in an old 1920s style home and the return on investment associated with it. The cabinets were built in meaning there were no cabinet boxes to be removed. These were literally built in. The cabinets were old, dated and needed to be replaced for me to make this an attractive buy. Here is a look at what the existing cabinets looked like at this home.

The Before Picture of Kitchen Renovation

 

As you can see the kitchen is dated and very small. Notice all the available space above the stove and fridge? That is all potential space to provide more storage space and make the sell more attractable. Here is an image of the demo process.

Demo

I met with my kitchen cabinet fabricator who gave me an awesome deal on some custom kitchen cabinets. We agreed on the drawing and the final product for the kitchen is the following

The After Picture of Kitchen Renovation

 

In this image we expanded the kitchen cabinets, made them more modern and gave the kitchen some life. Keep in mind the backsplash has yet to be added so the kitchen will have even more flare once completed. Furthermore we found the wall tiles were dated and made the kitchen look out of place. We opted to add a wainscot headboard panel. Keep in mind this still needs 2-3 more coats before its ready. I don’t have images of the old tiles but here is what the rehab looks like for this kitchen

Wainscoting

 

 

At the end of the project we spent about $12,000 on this kitchen reno. The appraisal value from  a few agents averaged to about a $26,000 increase in equity. If this house sells at least 26K higher than originally anticipated, i look to make nearly 14K in value for about 1 month of effort. Good luck with your reno and be sure to listen to this episode to hear some tups and tricks.

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