There are lots of reasons to carry out renovations in your home. You might need more space, or you might want to change the layout. The decor, fixtures, and fittings might be getting tired or old, or you might want to add new features and luxuries. In some circumstances, improvement work is essential because parts of your home are in need of repair. What about house value though? What improvements, renovations, or changes can you make that will increase the net worth of your home on the property market? Will renovating your kitchen help?

The Short Answer Is Yes

In short, renovating a kitchen does add value to your home. According to research carried out by the Appraisal Institute of Canada, you can add up to 100 percent of the cost of the renovation on to the value of your home. So, if your home is worth $500,000 and you do kitchen renovation work valued at $25,000, your home could be worth up to $525,000 once the renovations are complete.

Are Kitchen Renovations Better Than Other Home Improvements?

There are some other renovations that deliver similar returns. This includes bathroom renovations and general painting of the interior and exterior. According to the Appraisal Institute of Canada, though, other types of renovations will not add as much value to your home. Landscaping, for example, might only give a 25 percent return, while installing skylights often adds nothing.

Why are kitchens the better option? For most people the kitchen is the most important room in the house. It is a place where people spend a lot of time. A kitchen is a place for eating, drinking, and preparing food, but it is also a place for conversation, laughing, crying, doing homework, conducting family meetings, spending time with friends, and more.

As a result, home buyers value homes that have good kitchens.

Kitchen Renovation Tips

Unsurprisingly, it is not as simple as doing any old kitchen renovation and reaping the reward of a higher value home. Here are some tips to make sure you do it right:

  • Think about why you want the renovation in the first place. If you are genuinely thinking of selling the house in the near future, this will impact the type of renovation that you do. If this is your long-term home, however, increasing the value is nice, but it shouldn’t be your main consideration.
  • The work has to be done to a high standard. There is no compromise on this one unfortunately, as modern home buyers are savvy and can easily spot shoddy renovation work.
  • The renovation should be realistic and logical. For example, if your home is worth $80,000 you won’t be able to double its value by doing an $80,000 kitchen renovation.
  • If your main objective is to increase the value of your home, the renovation shouldn’t be too individual with unusual styles or loud colours. Also, the impact on the price of your home will decrease the longer you wait to sell the house after the renovation.

If you want to add value to your home, kitchen renovations are one of the best home improvements you can make. Similarly, if you want to improve your home for your family, a kitchen renovation is an equally good choice.

Percentage recovered upon resale
Kitchen upgrade: 75% to 100%
Bathroom upgrade: 75% to 100%
Interior painting: 50% to 100%
Roof replacement: 50% to 80%
Replacement of furnace or heating system: 50% to 80%
Expansion (addition of family room): 50% to 75%
Doors and windows: 50% to 75%
Deck: 50% to 75%
Installation of hardwood floor: 50% to 75%
Construction of a garage: 50% to 75%
Fireplace (wood or gas) 50% to 75%
Central air conditioning: 50% to 75%
Finished basement: 50% to 75%
Wood fence: 25% to 50%
Interlocking paving stones on driveway: 25% to 50%
Landscaping: 25% to 50%
Asphalt driveway: 20% to 50%
Pool: 10% to 40%
Skylights: 0% to 25%

home-improvement trends
– Home theatre
– Hardwood floor in kitchen
– Laundry room on main floor
– Built-in kitchen appliances
– Office on the ground floor
– Kitchen island