An updated kitchen is a major selling point for a home, and can make your home sell faster and for a higher price. Kitchen renovation cost brings a greater return on investment than most other major home improvements. If you’re planning to sell within the next five years, carefully planning your kitchen renovation for resale can boost your home’s selling potential and ensure the maximum return on your investment.
Think Practical Upgrades
Updates that add storage space and functionality to a kitchen are likely to appeal to a broad array of potential buyers. Functional features such as pantry drawers, soft close cabinet drawers and doors and space-efficient upgrades aren’t flashy, but they’re likely to score big points with buyers.
Choose Appliances Wisely
Updated appliances are a big bonus, so replacing any older or malfunctioning appliances is very helpful for resale. Stainless steel or black appliances fit most décors, so are likely to be appealing. Although high quality makes a difference, professional-grade appliances are probably taking things a step too far for your average buyer, meaning that you’re less likely to recoup the additional cost.
Don’t Compromise Your Home’s Architecture
A sleek ultramodern kitchen may be what you have in mind, but if it would be at a dissonance with the rest of your home, its overall effect won’t be a good one. Try to find a middle ground wherein your new kitchen’s décor is a design that you find pleasing, but doesn’t clash with your home’s exterior and other rooms.
Avoid Being Trendy
Although today’s design trends may be at the forefront of your mind, some trends are likely to come and go, and will appear outdated in a few years’ time. Chances are that many of these trends will be passé by the time you’re ready to put your home on the market, so will be unappealing to buyers.
Select Neutral Color Schemes
A purple kitchen might make your day, but it’s unlikely that buyers will share the same sentiments. If you plan to sell your home prior to your next renovation, select neutral color schemes such as earth tones or gray.
Are you currently engaged in a kitchen renovation, or perhaps in the market for a new home? If so, please tell us your own insights on kitchen renovation for resale in the comment section.