Can your kitchen boost the value of your home?

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The kitchen is a lot more than just a space for cooking. This multi-functional room acts as the hub of your home. A place for eating, socialising, hosting parties and bonding with family. This is why a good kitchen is at the top of the list for many prospective buyers.

With the kitchen acting as the hub of any home, it’s clear to see why it can make or break a property deal. Estimates from HSBC bank have stated that a new kitchen can add between 4-7 percent to the value of an average property. Kitchen appliance repair company, Service Force are here to tell us how to improve your kitchen before you put your property on the market.

Do renovations increase the value of a home?

In the current financial climate, many people are taking advantage of low- interest rates to borrow money in order to improve their homes. Homeowners are renovating their kitchen in the hope that this will act as an investment for the future. A lot of the time, this investment pays off better than expected.

However, injecting cash into home improvements doesn’t necessarily mean you will increase the value of your home. When making alterations, the first thing to consider is your own comfort and convenience.

How much money could a kitchen renovation add?

Although many people say a kitchen will add value, it’s still hard to define how much a fashionable, modern kitchen can add. One thing is for certain though; a well-designed kitchen renovation can help your property stand out from the rest, making it easier to sell at your asking price.

Things to consider before upgrading your kitchen

The first thing to consider is your motivation for the renovation. If you only want to upgrade your kitchen and no other rooms in the home; think simple, neutral and flexible. Make it easy for the buyer by decorating in neutral colours.

If you’re not planning on moving anytime soon, your renovation can become a little more creative. Consider what you don’t like about the room. Are there not enough cupboards? Is the flooring impractical? Once you have noted these imperfections, make them a priority and look to rectify.

What small improvements can you make?

Before you make any major changes, think of what smaller improvements you can start with. Make sure you focus on the necessary fixes. Service Force is often called out by homeowners looking to start improving their kitchen. From dishwashers and washing machines. to boilers and ovens. Making sure you have these in check first will put you in good stead for future planning.

Final thoughts

Above all else, your kitchen needs to look clean, organised and hygienic. Even the most expensive kitchens won’t do anything for prospective buyers if it’s dirty and cluttered.

… LandlordZONE.

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