Let’s face it, the kitchen in your home can make or break a sale!
How does your home sale benefit from a kitchen remodel? There are buyers that want to purchase a turnkey home, and then there are others who are willing to undertake a few projects. However, no one wants to pay top dollar for a home that is in desperate need of a major renovation. All they hear is “cha-ching” as they tour your home, then move on to the next property.
What are the most cost effective ways to remodel your kitchen and get a significant return on your investment?
As a rule of thumb, by spending 6 to 10% of the home’s value to complete the renovations, you should secure a respectable rate of return. When the sale of your home closes, your recently upgraded and attractive kitchen should fetch a return on investment of approximately 70%. Your primary consideration should be the features that best sell a home. Granite countertops are sought after by buyers in today’s market. With tile countertops, homeowners have to keep the grout clean. With the busy lifestyles we live, it is far more convenient to clean a solid slab surface. Buyers will be thrilled to see that granite countertop, especially if the stone is a color and pattern that compliments any style of décor and has an accompanying simply designed backsplash. The key is not to personalize the kitchen but to appeal to the largest segment of the marketplace. Porcelain tile flooring is a great alternative for flooring in such a high traffic area of the home. It is easy to maintain, and is a cost effective choice to improve your bottom line. Stainless steel appliances are still the crowd favorite. They provide a timeless finish and a sleek look that is so desirable. Also, paint your cabinets with a fresh coat of paint in a neutral, such as the greige, grey, and white tones that are trending. Pay attention to the details. Updated light fixtures, faucets, and hardware make a tremendous amount of difference in the scheme of things. Your redesign will be so well finished, polished looking, and pleasing to the eye.
