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Refurbish your kitchen for added home value

The kitchen is where the heart is for many family homes. Despite the living room, the stereotypical social hub of the home, the kitchen is one of the first considerations when buying a house and it is certainly an area of the house that seems to receive the most amount of TLC (tender, love and care!)

Many homeowners have a tendency to spend the majority of their time in the kitchen; whether it be cooking for the family or for the masses when hosting parties. It is that time of year again, when our social calendars begin exploding with endless arrangements that require an awful lot of home cooking. The kitchen is most certainly an easy way to add immediate value to your home, whether you are looking for a kitchen which is futuristic, traditionally country rustic or modern. Whatever your budget, there are so many ways to create a kitchen you know you will love; and become an attractive asset for re-sale.

country-rustic-kitchen

Photo credit: Iuliia Bondarenko/Shutterstock 

Industry experts are all in agreement that when you sell your home the kitchen should be the room that is paid the most attention. Anything too garish and unique have generally had a detrimental effect on the value of your home and it can sway prospective buyers. Remember to bear in mind the asking price of your property and whether you will make a return of profit with an expensive new look. The kitchen serves as a multi-function room; a place for children to do their homework, parents to cook and an informal socialising space in contrast to the living room. It is high on the list for prospective buyers; so you will get back what you put in.

A general rule of thumb is if you spend under 5% of the value of your property for any form of refurbishment, you are likely to make a profit. In fact, it has been estimated that a new kitchen can add between 4-7% to the value of your home. HSBC also concurred, claiming a new kitchen could add at least £5,000 to your property value. For example, the average cost of refurbishment to a kitchen is £9,600 and on average you will make an average profit of £4,750; a healthy return on investment of 49%.

When considering the aesthetic features of your kitchen, Blanche Garcia from B Garcia Designs asserts that granite or stone counter tops are the most effective when adding value to your home. They are long-lasting, wear well and if you’re saving money with a laminate counter top, you will see yourself replacing your kitchen surfaces a lot sooner than you think. It is important to consider the colours in your home and your kitchen, so choose less gaudy colours that may not be to everyone’s taste and opt for neutral tones. Keeping it simple is the answer to everything and if it’s a small kitchen, remain imaginative by installing clever storage spaces, keeping clutter to a minimum. Lighting is important when considering your colour scheme, as well as the ‘kitchen triangle’; ensuring the cooker, sink and fridge are within easy reach of each other. Not to mention, wooden flooring is an attractive asset to any house and to the look and feel of one’s kitchen. If you cannot afford the real thing, then opt for Pergo flooring or floating floor; a thinner laminate that looks like wood and floats right above any surface. If you are purchasing new kitchen appliances, stainless steel is a clear winner and having in-built appliances is a must-have to keep your kitchen looking minimalistic.

refurbished-red-kitchen

Photo credit: Chesky/Shutterstock 

Above all else, keep your kitchen looking clean, tidy and immaculate! It doesn’t matter whether your kitchen isn’t the most expensive taste in the world, but when you prevent it looking distasteful, the value it adds to your home can go the mile.

Feature image credit: ShortPhotos/Shutterstock 

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