If you’re planning to put your house on the market any time in the near future, there are some things you should know about maximizing resale value. First, what does it mean to maximize resale value? Well, simply put, if you make certain upgrades to your home, your overall selling price will be raised by more than the cost of the upgrade. That means you’re making money. Certain home improvements are worth investing in, while others won’t make a significant enough difference to be worth the time and money. Here’s how remodeling a kitchen improves home resale value.
Better Appliances Improve Home Resale Value
The first thing you need to do when considering a kitchen remodel is take a look at your appliances. There are a lot of different kinds of kitchen appliances. Even over the last ten years, trends in kitchen appliances have changed dramatically. The most important thing to consider when deciding whether or not to replace appliances is appearance and functionality.
If your stove is functional, has no hiccups during use, but looks like it was made in the 80s, you need to replace it. You can always sell the existing stove or put it in storage and take it with you, if you don’t want to scrap it. However, keeping appliances that age your home can make it difficult to sell.
If your fridge looks fantastic, is sleek and black and modern, but the water dispenser is broken or it makes a worrisome noise, replace it. When people come in to check out the house, they will notice weird noises and they will be scared off by them. Ensuring your appliances look nice, appear to be from this decade, and are in working order is a necessity.
Appeal to Current Styles
The next thing is making sure to appeal to current styles. When you remodel your kitchen, if you plan to move in the coming few years, don’t remodel it to look how you want it to (unless you also like current styles). If you choose something unique and niche, like neon colors or a retro appearance, potential buyers may be turned off by your home entirely. The kitchen is such an important part of a home’s functionality that how it looks can be the determining factor in whether someone makes an offer.
More Efficient Spacing
When you remodel your home, ensuring the remodel delivers more efficient spacing is necessary. This can mean removing unnecessary dividing walls between the dining room and kitchen. It can also mean installing a new set of shelves or replacing old cabinets with more spacious ones. No matter what you choose to do, make sure the kitchen isn’t losing space. It should either remain the same or have more space than it started with.
If you need a group of professionals to help you with remodeling your kitchen, Premier Group Contractors are the ones for the job. Give us a call if you need professional help making your kitchen a focal point in your future home sale.