Thursday, 20 June 2013
Can a luxury kitchen add value to your home?
With the world property market slowly starting to show signs of recovery, people are now looking for ways to increase the value of their home. The question is, what parts do you update and how much do you spend? It is no good spending thousands if it isn’t going to increase the value of your property. If you are just looking at upgrading parts of your house and you are not thinking about the overall value, then you should still keep it in mind. Adding a bit of luxury to a house, even if it is just one room, can see an estate agent improving the value, the art is to increase the value by more than the cost of the upgrade. One room that people always pay special interest in when viewing new property is the kitchen. This is the area where many families share a meal and friends have coffee breaks. Research has shown that upgrading a kitchen and then selling the property straight away will recoup 60% to 120% of the value, although with house prices increasing the latter value could be higher. A new kitchen in a property for sale will really catch the eye of the potential buyer so a point must be made to show them that part first, that will put them in a positive mood for the remainder of the viewing, and it also means that they will be able to use the kitchen from day one without any modifications. When deciding what style you are going for to include the look and feel of luxury, you have a large selection of contemporary kitchens available, or if you are one of those people that like to be totally unique then you may settle for bespoke kitchens. Some people may decide to go with more of a European look and install one of the many German Kitchens available. Before opting for a style it is often worth doing some research into what people like the most, it is no use installing something that isn’t trending if you are aiming to add value to your home. How much you spend will depend on what you are updating, but a good coat of light paint is usually good enough for the walls and ceiling, you do not require expensive wallpaper or tiles. Although kitchen units can be cheap, if you want them to stay together then you are best purchasing wooden ones that have more quality. Worktops should be solid and long lasting, with Corian and granite being the best, and if you are changing the appliances make sure that they are energy efficient. One thing often ignored is the floor, solid stone tiling can certainly give out the impression of luxury. If you will be continuing to live in the property then you need to improve the kitchen so that it feels homely, but for those looking to sell quickly then install what the general population want rather than what you want.