Kitchens Make or Break the Sale
“For potential buyers, the kitchen is the room that can make or break the sale. An upgraded, attractive kitchen can make your home irresistible. Ideally, your kitchen renovation should earn a 70 percent return on investment when you sell your home. But this depends on the features you choose, how much you spend remodeling and whether your priority is to create a dream kitchen for yourself or a kitchen that will appeal to potential buyers.” According to HGTV article by
Kristen Hampshire who also mentions a kitchen can make or break the sale of a house. Whether it is just a homeowner upgrading/modernizing a home or an investor; it is necessary to be aware of the price. “The biggest mistake homeowners make is spending more on the remodeling project than their home value can support. Don’t expect to get optimum return on a $65,000 kitchen if the home is valued at $300,000. Generally speaking, you can spend between 6 and 10 percent of the total home value and get fair returns. You also can be too thrifty and overlook items that buyers looks for in your price range.” With that being said. When white and grey are used as the base layer for a kitchen theme, incorporating vibrant, flavorful, and lively statement pieces into the overall design becomes a lot easier. You can see a great example in the first photo below—the green plant creates a crisp and lively focal point that effectively complements the clean and minimalistic design of the rest of the room. It’s inviting, memorable, and sure to please anyone who walks into the room for the first time. White is associated with clean and bright, making this a great color to go with when thinking about cabinets, decor, kitchen furniture, etc. Grey, on the other hand, can be a very calming and charming color. It’s a great color to use when you’re trying to create an inviting environment and centralized hub for families.
“Instead of making everything in a kitchen look brand new, try going more natural. These days, buyers are looking for high-quality material that has been creatively reused and repurposed to add charm to a home. By encouraging your clients to incorporate natural-feeling elements into their kitchens, you can help them create a warm, inviting environment for potential buyers when they walk through the home for the first time. Examples of popular ‘natural’ choices include:
- Reclaimed wood for ceilings or ceiling beams, as illustrated in the first photo below.
- Edison bulb lights or industrial lighting fixtures that hang exposed from the ceiling.
- Reclaimed/repurposed wood for floors or kitchen island siding.
- Heavy butcher block counters in place of granite or marble countertops.
- Repurposed subway tiles as charming black-splash features.
By adding a few warm features like this into the kitchens of the homes you’re selling, you can add character to a home while still keeping it updated and modern.”
For investors it is always important to know the kitchen is the room that should be very eye catching after the curb appeal.