New Cabinets Produce a Great ROI
There will always be a debate about how much value a new kitchen will add to your home. The truth is there are so many variables it is really difficult to say what the actual return on investment will be. National averages show that a minor remodel of a kitchen, which could be in the range of $20,000, can bring you an ROI of more than 80%. Larger remodels with higher costs are harder to make up and, on average, bring you an ROI closer to 50 to 60%, and the more you spend, the lower the return.
On the other hand, if you focus on one area of improvement, the return on investment will be higher. The number one improvement that will give you the best return is kitchen cabinets. Cabinets play a major role in the usefulness of your kitchen. Older and less effective cabinets can make using the kitchen extremely difficult. New cabinets are not only aesthetically pleasing but also make your kitchen much more enjoyable to use.
Cabinets are the first thing people notice, and even if the cabinets are the only part of the kitchen that is updated, they give your kitchen and your whole home and new feel. Kitchen Cabinets have such an effect on your kitchen that a potential home buyer's perception of the kitchen is similar to having had a complete kitchen renovation done.
Dollar for dollar, changing your cabinets will not only give you the look and feel of a whole new kitchen, but cabinets will also give you the greatest ROI compared to almost any other single change you can make to the house.