Upgrade Your Kitchen Will it Increase Your Value?
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Adding value to your home is important in this tough real estate market. Consider updating your kitchen flooring, appliances, and/or cabinets.
If you can afford all of these upgrades at once that is okay. Let’s consider updating the flooring. There are several options for updating the flooring that is $1,000 or less.
If you can afford, you can update the flooring with hardwood, but the cost is $9 to $22 per square foot installed. You can cut cost by purchasing prefinished flooring.
If you like this option consider using engineered interlocking and floating hardwood flooring. Bruce Engineered offers a cherry hardwood floor option at Lowe’s for $106 per carton. It covers 22.5 square feet of flooring.
Bamboo is an option. However, it is more extensive than hardwood flooring. It is $12 to $28 per square feet installed.
Another option is ceramic flooring. It is $3 to $20 per square feet installed. It is best to leave the installation this type of flooring to the professional because if the subflooring is not prepared properly the tile can crack. This type of flooring requires cutting and grouting that can be tricky.
The least expensive option is linoleum flooring. It cost $7 to $10 per square feet installed. It can last up to 40 years. Be careful with linoleum because it can be could damage easily so ask questions about that.
Another upgrades are adding an energy efficiency dishwasher that requires less water a load.
Still yet another upgrade is adding slide out cabinet shelves.
You may want to consider jazzing up your back splash, and replace your kitchen sink.
Consider the cost of the upgrade compared to the increase in value. In today’s market, the cost of the upgrade will exceed the amount that you will receive in return, so only do an expensive upgrade if you are considering selling your home at a later date to get the maximum value out of the upgrade.
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