A Quick Guide to Investment Property Kitchen Renovations
It can be challenging to know which rooms are worth sprucing up when flipping a house or investing in property. Most flippers or property investors want to make sure their renovations add value to the property and make renters or buyers sign the dotted line.
How do you know which renovations are worth your time? The experts have a lot of opinions, but there’s one thing they all seem to agree on. A kitchen renovation is usually a smart move.
In this quick guide, we’ll go over trending kitchen styles and renovations that appeal to buyers and renters. Plus, we’ll touch on cost-effective solutions and durable materials that are sure to provide an excellent ROI.
Open Concept vs. Closed
There’s a bit of debate from homeowners on whether they like open or closed kitchens. Kitchens are the hub of the home, and open kitchens allow whoever’s cooking to participate in activities of the house. Open kitchens integrate effortlessly with the rest of the house and have been the leading trend since the nineties.
People who like privacy while they cook or don’t want people to see their dirty dishes prefer closed concept kitchens. Closed concept kitchens allow for more flexible decoration because it doesn’t have to match the rest of the home.
As a house flipper or investment property owner, you should go with the open concept if it’s within budget. Most renters and buyers still swoon over open concept kitchens, and any issues related to privacy or function that may arise aren’t identified until later.
Kitchen Renovation Costs
Kitchen renovation costs can vary dramatically depending on size, budget, and goals. You can cut costs by attempting a DIY remodel or you can trust specialists for the job.
Where does the budget go in a kitchen remodel?
The Most Important Renovation Areas
These four areas are the most important part of a kitchen renovation:
Countertops are the showstopper of the kitchen. They need to be functional and look nice for buyers and renters to fall in love. There are a variety of material options that fit this bill. We’ll talk more about the countertop material choices in the next section.
Kitchen flooring needs to be in top shape to woo over buyers and renters. People want their kitchen floors to look nice and be easy to clean and maintain. There are a variety of durable flooring options that fit the bill. We highly recommend selections from our mostly waterproof Jasper engineered hardwood collection and our Vesdura vinyl planks.
Cabinets tend to be the most expensive renovation project hovering at around $6,000 for new cabinets. (Appliances are the second most costly, followed by countertops, and then flooring). Almost all kitchen cabinets are made of wood or wood composites.
Fixtures and Appliances
Fixtures and appliances also play a huge role in tying the whole kitchen together. Energy-efficient appliances entice buyers and renters because they help save money on electric bills over time. Stainless steel and brass are always popular fixture choices for the kitchen, and zinc alloy is popular for budget-conscious flippers and investors.
The Best Materials for Investment Property Kitchens
When it comes to countertops and flooring, there are a few low-maintenance and durable options.
For kitchen countertops, you need a durable, low-maintenance material that can withstand the wear and tear that a typical kitchen countertop has to endure. Engineered quartz, granite, and solid surface are the three top choices:
Engineered quartz is an engineered stone that offers all the benefits of natural stone countertops, without many of the issues that come with natural stone counters. Engineered stone countertops are beautiful, moisture-resistant, and extremely durable. They have a uniform appearance making them simple to repair if something happens. Quartz has a higher price-tag – about the same cost as granite.
Granite is an incredibly popular natural stone countertop material. It’s the epitome of luxury, and it’s sure to make an aesthetic impact. Additionally, it’s durable and resists heat, scratches, and stains. Granite is porous, so it requires a more careful maintenance routine. For that reason, granite might not be the right choice for a rental property.
Solid surface counters are usually made by combining acrylic polymers and stone-derived materials. These countertops are cut specifically for the space, so they can create any shape of counter needed. There are no visible seams on solid surface countertops, giving them a striking appearance. They’re low-cost, easy-to-clean, and durable.
These three flooring options are terrific choices when preparing for any kitchen renovation, thanks to their durability and ease-of-maintenance.
Engineered hardwood mimics the look of natural wood but doesn’t have the same issues that hardwood floors have with spills, water, and maintenance. Engineered wood is layered with plywood and hardwood to improve durability and prevent warping.
Engineered hardwood is slightly cheaper than hardwood, but it can be a bit pricey for an investment or flipping property.
Vinyl flooring is easy to install, low-maintenance, durable, and cost-effective. It comes in various styles and can mimic the look of hardwood, tile, and other flooring types. Vinyl flooring is a top choice for flippers and investment property owners in the kitchen and throughout the rest of the home, because it ticks all the boxes.
Ceramic tiles are easy-to-clean, durable, and aesthetically appealing. They’re an excellent option for the kitchen because they come in a variety of looks and styles to fit any design motif. Ceramic tiles also resist stains and moisture. Ceramic tiles can be costly and hard to install. However, as long as they have enough slip resistance and a high-enough wear rating, ceramic tiles can be a top choice for kitchen renovations.
How to Select the Best Renovation Materials
Be sure to look for long-lasting, low-maintenance, durable materials with design flexibility for your kitchen renovation projects. If you’re remodeling a kitchen to flip the house or to turn it into an investment property, you’ll need to consider the cost and budget, too.
Beyond that, you’ll want to go with a material supplier you can trust. At BuildDirect, we’re known for our top-quality materials. House flippers and property investors shop with us for our low prices, unbeatable selection, and an unmatched commitment to customer support.
Plus, when you join our Pro Rewards program for free, you get unlimited samples, 30-day money-back guarantees, on-site delivery, and 5% credit back.