If your kitchen is looking a bit drab or outdated these days, you may want to update, but you might be worried that the reno may not be worth the cash output.
Good news. The kitchen is the most-looked-at room in the house during a walk-through by potential buyers, so even if you’re not planning on selling any time soon, rest assured that you will have made a good investment.
According to HGTV a kitchen can “make or break” the sale of a house. That’s how important it is to buyers. And, the return on your investment, should you decide to sell in the future, is a whopping 70 percent, adds HGTV.
First, if you’re remodeling for yourself, make sure you include the amenities YOU want. But if you think you might be moving in the near future, look at what is universally appealing to most home buyers. For appliances that means stainless steel, but forego shelling out for professional-grade appliances. Instead, spend on practical amenities like pantry drawers and soft-close cabinet drawers and doors. Don’t go overboard on expensive hardware, either, says HGTV, although new, reasonably-priced hardware can update dated cabinets that may not be worth the cost of replacing.
It’s worth talking to a trusted realtor in your area about what buyers are looking for in a home. And keep your kitchen as simple and neutral as possible so that buyers can see themselves in it. That goes for countertops, cabinetry, walls and flooring. Some cheap updates include painting walls, adding a new backsplash or installing new tile.
And, unless you plan to stay in your home forever, don’t improve your kitchen to the point that it out-classes the rest of your house. You won’t get your ROI. Generally speaking, advises HGTV, you can spend between 6 and 10 percent of the total home value and get fair returns.
Inland Real Estate Group : 201 E Veterans Parkway, Yorkville, IL 60560 : 630.553.3600