Did you know a new kitchen can add 4% more value to your home ?
It is often said that the kitchen is the most important room in the home, acting as the focal point for the family. It therefore makes sense, that the kitchen would be the focal point for any buyer looking to purchase your property.
The Royal Institution of Chartered Surveyors (RICS) have found that a new kitchen can add 4% more value to your home. So, why is this the case?
Kitchen replacement is a daunting task
Most people, when they buy a home, they want to move in and settle with minimal fuss. Some are looking for a project but the majority have busy lives and they are searching for a property that is as perfect as they can hope to find. So if they view a house which is ideal in many ways but the kitchen needs replacing they will likely be put off.
Kitchens are not just functional, they are the hub of the home
It is important that a Kitchens are functional but, more often, they are the centrepiece of a home. The kitchen is the room where meals are prepared and sometimes eaten, with many families spending considerable amounts of time in there together. Therefore the kitchen not only needs to be welcoming, it also needs a design that allows the family to be around the room. This can be by way of a centre island with stools or even a table.
Some kitchens do not have the luxury of the space but this can be overcome by the use of light and décor to make the room feel bigger than it really is. In this way, you can retain the idea that the kitchen is the hub of the home.
Bigger is better
Thanks to the hub factor, bigger kitchens that allow food preparation alongside other activities are preferred by buyers. This may pose a problem for you if your kitchen is stuck in the back of a property with no room to move around and very little light. In this instance, think about how the home looks to buyers and what they might prefer. Do you have two reception rooms where one would do? Converting one into a larger kitchen and renovating the current kitchen into a utility room may be the solution to selling your home and increasing its value at the same time.
Appliances sell themselves
Just as the kitchen can sell itself, so too can the appliances. Buyers perceive the value of these appliances to be greater than their actual value, primarily because they are already situated in the property. They do not have to go through the trouble of measuring, choosing and installing new appliances, and off course they match the kitchen perfectly. Ensuring that these appliances are of a high enough quality to match the kitchen is the only thing you as a seller need to remember in this instance.
Put yourself in the buyers shoes
Putting yourself in the position of a buyer and looking at the prospects your home offers is often the only way to fully embrace the selling process. The kitchen is an integral part of the home and, as such, you need to make it shine. Installing a new kitchen prior to the sale could add as much as 4% value to the entire property and be a major factor in any purchasing decision. It makes sense to seriously consider it.
If you would like us to visit your home and advise you on how to prepare your home ready for sale, give us a call or drop by the office.
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