When it comes to adding value to your home, no other room in the house offers more of a return on investment than the kitchen. It’s the hub of the home and can make or break a sale, so if you’re looking to sell, don’t be afraid to invest some money in updating your kitchen.
As a general rule of thumb, you can expect to add $4 to the value of your home for every $1 spent on your kitchen. So a $10,000 kitchen renovation should add $40,000 to the value of your home. The key is to choose quality materials and fixings and modern appliances.
To add value to your home with a new kitchen, here are the things we recommend you consider.
Floor plan. Go for an open floor plan that includes the dining room and living room and opens up the space. It improves the flow and atmosphere of the room and lets more natural light in. With fewer walls and cramped corners, you’ll also find you have larger and more functional workspaces.
Benchtops. These are one of the first things a potential buyer will notice. Good quality granite or stone will add the most value to your home, and will be hard wearing as well.
Colour palette. A simple, neutral color palette will always add the most value to your home. This is not the time to experiment with flamboyant splash backs and feature walls. Pale and light colours make a space appear bigger and cleaner, and also don’t date as quickly.
Storage. Make sure you design your new kitchen to include plenty of storage space. A large pantry, concealed garbage areas and plenty of cupboards allow the bench spaces to remain free of clutter. This provides more workspace and keeps the kitchen looking neat and tidy. This is a big selling factor in a home.
Appliances. Choose modern finishes such as stainless steel, and always go for reputable brands when it comes to appliances. The higher the energy rating and water efficiency of the appliance, the better.
A new kitchen will undoubtedly add value to your home and make it easier to sell for a good price. The only issue might be that once you have your new kitchen, you might not want to sell the home!
Speak with one of our Kitchen consultants today here about adding value to your home with a new kitchen or call us on 1300 207 948.