Four kitchen renovations that won’t bankrupt you

The kitchen is the heart of the home and the most important room when it comes to selling your home one day. Buyers report that they are more influenced by the kitchen than by any other room in the home when they’re deciding to buy. They want a modern, functional kitchen so it’s no wonder that homeowners spend more on kitchen remodels than any other remodeling project each year.

The problem with the kitchen is that it’s typically the most expensive room in the house to remodel. There are, however, some renovations you can’t do that won’t break the bank. Here are four of them.

The flooring

Solid wood is the most popular option but it’s pretty pricey and it can dent easily. If it will be a while before you sell, there’s a good chance that your floors can get pretty dinged up. Porcelain tile is half the cost of hardwood and it can be manufactured to simulate the look of hardwood. It’s also a lot more durable.

The sink

A new kitchen sink doesn’t have to cost you $600 or more. Thinner stainless steel sinks that typically cost around $200 tend to function just as well as the thicker sinks. They are just as good at resisting stains, dents, and scratches. This is one of those things where going with the cheaper option is actually pretty safe.

The backsplash

A nice backsplash is a great finishing touch that can add some color to your kitchen. You can splurge a little on a tiled backsplash but installing one could set you back around $1,000. A less expensive option is to purchase a stamped metal backsplash. These stick to the wall where you’d normally install a tiled backsplash and simulate the look of a mosaic tile pattern. You can do this yourself so you don’t have to hire someone to install it.

The countertops

Right now, granite and marble countertops are all the rage but they can be quite costly. If you want the look and durability of granite or marble without spending a fortune, you can buy laminate surfaces that is installed on top of your existing countertops. You don’t have to pay to have your existing counters removed and you don’t have to pay top dollar for premium materials. At $5 to $20 dollars per square foot, it’s affordable and completely heat- and stain-resistant.

Remember, you don’t have to spend a fortune on a kitchen remodel. In fact, many homeowners who do find they can’t sell the home for what it’s worth and they don’t recoup much of their investment.

Source: Yahoo Finance

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