Real Estate Investing

The kitchen is known as one of the greatest investments you can make in your home. But nowadays, you can spend so much on a kitchen remodel that your returns are severely diminished. Indeed, with kitchen remodel budgets expanding, profit margins are shrinking.

Kitchens are becoming more a statement of personal style, a room intended to make an artistic impression on guests. There are several fun trends in modern-day kitchen design, but they can cost a pretty penny so be warned — this article isn’t about makeover on a budget.

Of course, granite countertops are a must-have, as are stainless steel appliances. In the countertop arena, stained concrete also offers an intriguing look that’s enjoying some popularity, though nowhere near that of granite countertops. Imported tile and custom mosaic designs are popular for floors, as is the traditional wood flooring.

Custom cabinetry is where the big spenders are dropping the most coin. From the finishes to the dimensions and layout, kitchen designers are getting choosy. It may be an open plate rack, vertical-lift cabinet doors, a Lazy Susan or a roll-out tray — the options are endless and creativity is the name of the game.

According to Kitchens.com, the hottest kitchen decor right now integrates sea blues, earth tones and global decor, in keeping with the eco-friendly craze. When remodeling your kitchen, base your budget on how long you intend to remain in the house. If you plan to sell within a couple years, try to stay within a budget, hard as that may be. If you plan to remain for 10 years to life, it may be worth splurging on the deluxe and oh-so-popular “chef’s kitchen.” It’s an important decision, so be smart and don’t let your kitchen tank your home equity.