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Home buying and home selling become more complicated in fire prone areas. Kitchen Remodels: Increasing Your Home's Value While on a Budget
By Sheryl LandrumHome Worth Columnist
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Kitchens are a huge factor in determining our home's value. According to Remodeling Magazine's 2006 Cost vs. Value Report, the average kitchen remodel, which includes new cabinets, appliances, lighting, fixtures, countertops and flooring, now costs $57,241..." Wow! Is there a way to update our home's kitchen without such a huge budget?
New paint in the kitchen increases value with less investment. A fresh coat of paint on the walls, and/or on the kitchen cabinets, can add a lot of home value at a minimum cost. Color palettes that are neutral allow you to change your look easily with accessories. Trendy colors make a bold statement and look very new.
Replacing worn out fixtures will also add value to your home without too much spending. Replacing a worn out sink and faucet with new ones can really make a difference in your home's kitchen. There are a variety of styles and finishes to choose from and your new choice should complement other stylistic choices you are making.
Replacing countertops adds the most value, but does it have to be a home budget breaker? New types of laminate are beginning to divert attention from higher priced and higher maintenance granite and other natural stone. With hundreds of colors to choose from, more edge choices, and seamless backsplash capability, homeowners looking to find a great looking kitchen countertop need not look any further.
These are some relatively inexpensive ways to upgrade your kitchen and add value to your home without going broke in the process. With available no-cost and low-cost home equity loans and home equity lines of credit available you may be able start a kitchen remodel now.
Source"Remodeling Your Kitchen on a Budget" San Diego Union Tribune, Wednesday, April 4, 2007
About the Author
Sheryl Landrum is a Senior Loan Officer with First Capital Mortgage of San Diego at the Prudential Realty Office in Bonsall, California.