Value Added Kitchen Upgrades

Value Added Kitchen Upgrades

The Heart of the Home: The Kitchen

The kitchen is often described as the heart of the home, similar to our own hearts. It’s central to a family’s existence, nurturing us with both food and love. Here, families and friends converge to cook, eat, complete homework, and resolve disputes.

Many homeowners, because of the significant time spent in the kitchen, consider this space a top contender for an upgrade. They want the love they have for this space mirrored in its décor. But, what if you’re not planning to stay in this home forever? Which upgrades won’t hinder a future sale? What renovations are actually desirable when putting your home on the market? Let’s explore the answers:

Ask the Experts

According to RIS Media, the premier real estate industry’s news source:

  • 80% of homeowners say the kitchen is among the top three rooms buyers want to see updated. Hence, renovating could enhance your home’s marketability.
  • However, be cautious! The kitchen can make or break a sale. Avoid renovations that are too trendy or not neutral enough, as they might deter potential buyers.
  • 56% believe a cosmetic remodel, like a new backsplash, countertops, paint, or refaced cabinets, offers the best return on investment (ROI).
  • Simple upgrades, such as replacing dated handles and pulls, can instantly modernize a kitchen. These minor changes can recoup up to 80% of the cost upon selling, while more extensive renovations might only return about 60%.

Ask the Average Person

A recent survey highlighted the top desirable kitchen features:

  1. Walk-in pantry: Though potentially expensive, the demand for extra storage is clear. Consider alternatives like floor-to-ceiling shelving or floating shelves to utilize unused wall space.
  2. Stone countertops: Both natural (granite) and man-made (quartz) stones are sought after. They can instantly modernize any kitchen, and are perceived as easy to clean and maintain.
  3. Kitchen island: This feature offers coveted extra counter and cupboard space. If budget is a constraint, repurpose ready-made kitchen cabinets or tables with the addition of wheels to create a movable island.

Ask the House Hunter
What aren’t potential buyers seeking in a kitchen upgrade?

  • Breakfast nook: While cozy, the space is more valuable for extra countertop and storage.
  • High-end appliances: While stainless steel is popular, state-of-the-art appliances aren’t universally desired. Instead of investing in a “smart” fridge, allocate funds to more universally appealing upgrades.

Conclusion
The kitchen, being a multi-functional hub, deserves some TLC. Investing in thoughtful upgrades not only enhances your enjoyment but can also boost your home’s market appeal. Knowing where to allocate funds, especially if this isn’t your forever home, is vital. With informed decisions, both you and the next homeowner can relish a modern space, echoing both style and love for the home. Spend wisely and enjoy the dual rewards: a rejuvenated kitchen and enhanced resale value.

Ways To Learn

5-Day Live Virtual Classroom

If you have any questions or would like to enroll by phone, please call 1.888.883.2688

X

If you have any questions or would like to enroll by phone, please call 1.888.883.2688

X