Does Painting Kitchen Cabinets Decrease Your Home’s Value?
If you are like a lot of homeowners, your primary residence represents a significant portion of your wealth. Thus, when you plan any changes to your home, you are likely thinking about the impact on the resale value. A lot of people are hesitant to repaint their kitchen cabinets out of fear that it will decrease the value of the home. Fortunately, this is not the case.
Evaluating Home Improvement ROI
Any home improvement project can be a substantial investment. Of course, they can range significantly in the amount of money required. Completely gutting a room and starting again is going to be expensive. However, some simpler projects can be done on a much more modest investment.
Furthermore, not every project has a similar impact on the value of your home. Changes to your kitchen and bathrooms are the most likely projects to provide a favorable return on investment. A kitchen remodel will typically increase your home value by around 90% to 105% of the project cost. This is higher than almost any other home improvement.
The Impact of Cabinet Painting
Many people say that painting cabinets decreases the value of your home. Fortunately, this is a myth. In reality, cabinet refacing, including painting, can earn some of the best returns of any home improvement project. The right changes to your cabinets can completely revamp your kitchen. Plus, painting your cabinets is a relatively modest improvement project. There are few projects that cost less while improving your home value significantly.
Depending on your cabinets, you may want to simply paint them or completely reface them with new finishes and hardware (possibly also new doors). Naturally, more in-depth projects tend to improve your home value more but also cost more.
Getting the Most Value From Cabinet Repainting
If you are painting your cabinets, you will want to opt for a relatively neutral color. In most cases, you will get more attention and more resale value from a lighter/neutral color. Additionally, you will want to pay attention to current trends. While you don’t need to (and probably shouldn’t) go avant-garde, it is a good idea to pick a popular color. In many cases, white or gray will work great; however, the right color depends on the lighting and other colors in the kitchen. More on color on our blog post here: https://cabinetpaintingguru.com/blog/trending-kitchen-cabinet-colors/
Schedule Professional Cabinet Painting Services
Are you interested in cabinet painting? You will increase your home value more if you get the job done right by a professional. Cabinet Painting Guru is a cabinet painting specialist serving central NJ and all of Bucks County, PA. We can help you get more for your money. Learn about our 18-point cabinet painting process then contact us today.