Color Your Kitchen For Value
From cabinets and paint to backsplashes and flooring, there are a lot of opportunities to add color to your kitchen. With so many colors and shade variations, choosing a color combination for the kitchen is one of the most intimidating steps in a build or renovation.
The kitchen is the epicenter of the home. It’s the place where families and friends congregate and spend the most quality time together. Of course you want your color selections to evoke the right atmosphere, but also be sure to consider the long-term goals you’d like to achieve.
Renovating a kitchen adds value to your home. You can expect to recoup 60 to 120% of the cost of the remodel, according to HGTV and color scheme can impact the return on investment even more. In fact, a new study by design experts at Zillow Digs found that a home’s interior paint colors have a significant impact on final sale price. In their study, Zillow Digs analyzed photos of 50,000 sold homes across the U.S. to see how certain paint colors impacted their sale price.
While it seems like white kitchens are white hot, the Zillow Digs study indicated that white kitchens aren’t necessarily the best choice. The study found that yellow kitchens, including cream and wheat yellow hues commanded the highest premium. Yellow kitchens evoked a warm and cheery feel, and sold for nearly $1,360 more than any other color. Meanwhile, white kitchens sold for $1,400 less than their yellow counterparts.
The premium for yellow was eye opening for our staff. The other popular kitchen color schemes that commanded premiums included earthy tones such as green or dove gray. Potential homebuyers did not take to homes with dark paint colors such as terracotta or gray. Such dark colors tend to make a room feel small and stuffy.
Beauty is in the eye of the beholder, and we understand that our clients have specific goals and needs for their remodel. If the goal is to increase value, then we suggest improvements that will maximize the return on investment such as color scheme. More importantly, we will produce designs that result in years of enjoyment in a new kitchen regardless if our client or the new owners are the ones who use it.