Updating or remodeling a kitchen
stands as one of the most popular interior home improvement projects. According to a National Association of Realtors (NAR) study
, 47 percent of homeowners say they've redone their kitchens—and for good reason: An efficient and attractive kitchen not only improves quality of life, but homeowners can expect to recoup a large portion of their investment when selling their homes.
The Remodeling 2012–13 Cost vs. Value Report says
a minor kitchen makeover with new cabinet
, and appliances
realizes a 75 percent return on an investment. For a major kitchen remodeling (add in an island, new sink and faucet
, and paint), the return drops slightly to about 69 percent.
So what makes a kitchen most attractive to buyers? Two different studies (one by the NAR and another by the National Association of Home Builders, or NAHB) show that eat-in kitchens
, new appliances
, and walk-in pantries make homebuyers' hearts go pittter-patter.