How the Right Kitchen Can Increase the Sale Price of a Housesubmitted on 5 November 2014
Everyone knows that the kitchen is one of the most (if not the most) important rooms in a house. Not only is this where you prepare your meals and sit down to enjoy them with friends and family, but this is also the room where your guests and family come together regularly to enjoy each other's company. Therefore, it is always wise to continually invest in your kitchen. Keeping it modern, fresh, and clean will ensure the value of your home will remain high.
How does a kitchen affect the sale price of a home? Continue reading to learn more.
A Definite Return on Your Investment
If you spend money remodelling your kitchen, you can rest assured that you will get a definite return on your investment in the form of a higher property value that you can then use to increase the price of your home when you put it up for sale. In fact, revamping your kitchen will produce returns that average around 69% of the cost of the remodel. To put things in perspective, a bathroom remodel, on the other hand, will average a return of about 57%.
Visit any London showroom to see the many options you have when it comes to kitchen remodelling and décor and you will quickly realise that you have a lot of leeway in terms of budget. So rest assured that, even if you do not have a lot of money to invest into your kitchen right now, making even small improvements over time will add up.
Energy Efficient Appliances are in High Demand
When remodelling your kitchen, you will definitely want to be certain your appliances are just as modern as the rest of the room. Seek out energy efficient appliances, though, as these will not only save you money, they will also attract more buyers to your home.
With people becoming more budget-conscious and eco-friendly, energy efficient appliances have become hugely popular, so if your kitchen is already equipped with what buyers need to immediately save money on energy bills, they will definitely take note and be interested in placing an offer.
Just Don't Go Overboard
Although you can rest assured that your kitchen remodel will more than likely produce great returns on your investment, there is a fine line between enhancing your property value and going overboard.
Consider your neighbourhood and your house itself. Is it an older home with a lot of charm, for example? Is the neighbourhood known for its older properties that have a lot of their original characteristics that buyers seek? If so, you don't want to invest in a huge, modern kitchen, as this may have the opposite effect and dissuade buyers from purchasing.
When it comes to remodelling kitchens, you can certainly have a lot of fun thinking up a design that will match the rest of your home's character while bringing in modern elements that contemporary buyers are after. And by investing in your kitchen, you will be investing in the overall value of your home.
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