How To Renovate Your Kitchen To Sell Your Home
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From our Castle Crescent Project.
If you want to invest in renovations to prepare your home for the market, there is no better place to start than the kitchen. The kitchen is a focal point in any home and an upgraded, attractive kitchen can help you bring in the best price for your home.
In fact, a kitchen renovation yields a 70% return on your investment when you sell your home. This of course depends on the features you choose if you fully remodel, and the overall style and functionality of your renovated kitchen.
When you are renovating for resale there is one main thing to keep in mind—you are not designing your dream kitchen. You are designing a kitchen that appeals to the widest net of people possible. That potentially means saying no to the vintage teal refrigerator of your dreams and sticking with the universally loved, high-quality stainless steel appliances.
It’s also important not to overspend on your kitchen renovation. We recommend investing between 5 and 10 percent of the total value of your home into your resale kitchen renovation—much more than that and you run the risk of losing out on the return on investment you’re seeking.
Keep in mind that when you are renovating your kitchen for resale, it is a numbers game. You need to set your priorities based on what features will help to sell your home for the best price. Let’s take a look at some of the best things you can do to your kitchen to appeal to potential home buyers.
From our Holly Lane Renovation
Open up your space
Depending on your budget and the current layout of your home, opening up your kitchen is a great way to add value to your home. Open floor plans are a big selling point, and if knocking down a wall or two to make your space more functional and stylish is a possibility, it is worth considering.
Keep things simple
Maybe you’ve always dreamed of adding some flair to your kitchen with a red backsplash or blue-hued countertops. Now is not the time to experiment with your colour palette. You want to keep things simple and neutral. This will allow buyers to see themselves in your house and give them the space to add their own flair when the time comes. Stick with natural, subdued colours and tones for the cabinets, floors, countertops, backsplashes, and appliances.
Invest in granite
Sure, it might seem like a splurge but most homebuyers—regardless of their prince range—are looking for granite countertops. You don’t have to buy the most expensive slab you see—for buyers, granite is granite.
Add some key features that will excite buyers
Consider adding a few features that seem like “extras” to impress potential buyers. Slow-close cabinets, a pull-out pantry, or a lazy Susan in a corner cabinet are all great convenience options that make people’s lives easier. Another great place to add a little excitement is with lighting—think about adding in under-cabinet lighting!
From our Castle Crescent Project.