In a CNBC article, self-made millionaire David Bach explained that: “Buying a home is the escalator to wealth in America. Homeownership can also help you retire early, that is, if
Take your kitchen forward without setting yourself back too much.
Kitchen renovations require time and money, taking several months to complete and costing tens of thousands of dollars. If you don’t have the financial resources for a full-on renovation, there are a variety of ways you can give your kitchen a new look for a lot less. From refacing cabinets to replacing lighting, a few cosmetic tweaks can give you the kitchen you’ve always wanted.
More and more homeowners are turning to kitchen refacing as an easy way to update their cabinets. Refacing involves replacing the doors, drawers and hardware and covering the entire exterior of the cabinets in a brand-new veneer. If you’re happy with the layout and function of your kitchen, but aren’t necessary keen on the aesthetic feel, consider cabinet refacing.
“It’s for people who have kitchens from the ’70s and ’80s that have solid wood cabinets,” says interior designer Anna León, who has a background in kitchen refacing with Home Depot. “They can take off the original doors and put on modern doors.”
The cost, which starts at around $6,000, depends on the size of the kitchen and the materials used. With an array of options available — such as woodgrains, painted wood and pressure-fused laminate doors like Thermofoil — you can transform a kitchen’s facade easily. Contemporary Thermofoil doors also come in a variety of fun looks, including glossy, matte and woodgrain.
As opposed to a full-on kitchen gut and renovation taking several months to complete, cabinet resurfacing typically takes three to five days.
Painting cabinets is a more affordable route to take than refacing, costing around $3,000 to $5,000 for a professional to do the job, according to León.
Or, you can always DIY, which is the most affordable option, but is laborious and takes a great deal of time.
“Painting cabinets is great, but it’s all about the prep work,” says Richmond, VA-based interior decorator Lesley Glotzl. “You have to prep and paint them perfectly or they’re going to chip or peel. You can’t cut any corners.”
Creating a new backsplash is an easy way to freshen up your kitchen. Be sure to choose a timeless material that will complement your cabinetry, and avoid mixing styles and periods. For instance, if you have ’70s-era cabinetry, you won’t want to pair that with something trendy like subway tile.
If you’re a confident DIYer, tile your backsplash. Or for $20, you can paint it in a bold high-gloss paint that you can easily wipe down after cooking.
In Glotzl’s home, she installed a beadboard backsplash and painted it in a high-gloss blue.
Shiplap is an affordable and durable option as well, and it’s not difficult to DIY. Glotzl also recommends using vinyl wallpapers from companies like Osborne & Little as backsplash, as they come in an array of fun textures, colors and patterns.
For countertops, head to your local stone yard and choose a granite at the lower end of the price range. Formica — a more affordable option than natural stone — has a lot of cool countertop options in patterns like Greek key or textures like barn wood or grasscloth.
If you’re short on counter space and aren’t looking to add more cabinetry, consider buying a premade island or bar-height table that you can float in the center of your kitchen.
Or, if you have a more contemporary kitchen, consider purchasing a stainless-steel food prep table from a restaurant supply company. Just make sure you have at least 36 inches between the cabinets and island on all sides for easy traffic flow, advises Glotzl.
If your cabinets don’t have lip molding on the interior, remove cabinet doors to create open shelving and show off your beautiful serving dishes.
Or, if you have an empty wall, create your own shelving system with floating shelves from a retailer such as Pottery Barn or IKEA. Just be sure you install brackets underneath the shelves if you plan on loading them up with dishes and cooking wares. Glotzl recommends Van Dyke’s Restorers for shelving support.
Lighting can dramatically change the look and feel of any room. Tear out harsh fluorescent lighting and replace it with can lights.
Make food prep easier by having an electrician install under-cabinet halogen fixtures or ambient Light Tape. Over the kitchen sink is the perfect place for a statement piece like a sculptural pendant light.
Pulls and knobs
If you’re going the cabinet-refacing route, you’ll have plenty of new pulls and knobs to ponder. You can find them at online retailers or local shops.
If you’re painting your cabinets — or even if you’re not — new pulls and knobs can go a long way toward creating a new look in your kitchen. This simple solution is one that works particularly well for renters.
Appliances and plumbing
Dated appliances paired with updated cabinetry will make your kitchen feel incomplete. New stainless-steel appliances are the finishing touch. For less than $500, you can get a new stainless-steel electric range; for less than $700, a brand-new top-freezer refrigerator.
“Compared to everything else you have to do, it ends up feeling like pocket change,” says León.
You can easily update your faucet for under $100 (although, of course, you could spend a lot more). And a new farmhouse sink could be yours for less than $400.