Fixing Your Kitchen Before Marketing Your House

Others do not see the need to renovate their home before putting them up for sale. Some people may advise you that buyers will be less interested in purchasing your home if you have cabinets that are so unattractive. Everyone has a point of view on important life choices; however, should you redesign your kitchen before you put it up for sale?

It is not necessary to perform a kitchen makeover before selling your house because the increase in value will often be less than what you spend on the project. Your financial loss will be proportional to the extent of the kitchen makeover you are undertaking.

There are extra considerations to consider, but in the end, it comes down to personal preference. This article will examine the average prices of kitchen renovation, the advantages and drawbacks of remodelling before selling your property, and other elements to consider before selecting whether to rebuild your kitchen before selling.

How Much Does Remodeling Your Kitchen Cost?

According to estimates provided by Home Depot, the typical cost of renovating a kitchen ranges from $24,000 for relatively minor adjustments to $136,000 for a comprehensive overhaul of the space. Regarding house renovations, kitchen remodels consistently rank among the most expensive projects. Kitchen renovations present plumbing, electrical, and mechanical challenges that basement or bedroom renovations do not. If you are handy and do the work yourself, you can save money by renovating your kitchen on your own. Be careful not to overestimate your capabilities. Working near electrical wires and water pipes raises the risk that even a slight mistake will result in expensive repairs or serious injuries.

Is it true that updating the kitchen of a house makes it more appealing to potential buyers?

An ancient, drab, or inoperable kitchen is less inviting than one that has been remodelled to include new paint, cabinetry, and appliances. According to the 2018 Zillow Group Consumer Housing Trends Report, 58 per cent of buyers stated that the kitchen was a significant influence in their purchasing decision. However, remember that many prospective purchasers have their remodelling wishes. In light of this, although you should bring your kitchen up to code and replace any broken equipment or substantial cosmetic damage, you should probably avoid designing the ideal kitchen that you have always wanted for a seller with different tastes.

If you want to sell your kitchen, would remodelling increase the value of your home?

Your home's resale value might increase by performing kitchen remodelling work. According to Remodeling Magazine, in 2021, modest kitchen renovations such as replacing appliances, repainting, enhancing countertops, and installing new flooring recouped an average of 72.2% of their initial investment. Other examples of these types of renovations include bathroom and bathroom renovations. As a result, you should be able to recoup an additional $21,660 from the sale of the house if you put $30,000 into remodelling the kitchen. However, homeowners selling their homes rarely see a return on their remodelling investment equal to or greater than one hundred per cent. If you want to increase the likelihood of a sale in your kitchen, consider making some upgrades. However, the overall effect that the makeover will have on the bottom line will be less significant than the time and money invested in it.

Before selling your home, how much money should you invest in updating the kitchen?

Before selling your home, it is in your best financial interest to perform just minimal kitchen modifications. According to research conducted by remodelling in 2021, the typical major kitchen renovation only managed to recuperate 57.4% of its initial investment of $75,571, or $43,364. Upscale kitchens did even worse. The typical high-end kitchen remodels costing $149,079 added $80,284 to the home's value, or a 53.7% gain. While substantial kitchen remodelling investments are often not lucrative, there are a few inexpensive solutions to make your kitchen more appealing. Make Sure Your Kitchen Is Painted in Calm, Neutral Colors - The use of lighter hues gives the impression that spaces are larger and have more light. Prospective purchasers will have an easier time visualizing your kitchen in their ideal colour scheme if you use neutral tones. Even while your canary yellow kitchen could give off an upbeat vibe, buyers prefer neutral colours, according to 98% of significant real estate professionals. The most cost-effective way to do a total makeover in the visual presentation of your kitchen is to paint it. Replace what is outdated and worn. Flooring: If the linoleum in your kitchen has seen better days, replacing it with new flooring could make the atmosphere in your kitchen go from drab to gorgeous.

According to Vevano Home, the price of putting new tile on a floor measuring 200 square feet (18.6 square meters) can range anywhere from $1,600 for ceramic tile to $2,800 or more for stone tile. Ceramic tile is the most affordable option. It is projected that the price of installing new vinyl flooring will be between $800 and $1,000. To give the impression that the entire kitchen has been brought up to date, you could upgrade the lighting by exchanging your old light fixtures for more up-to-date ones. Since the electricity is cut before beginning, there is no danger involved in installing the ceiling lights. To replace your outdated light fixtures, get in touch with an electrician if you do not possess the appropriate expertise.

Restocking Your Cabinets is a Cost-Effective Option. Buying a whole new set of cabinets can be very expensive. Cabinet pulls are not expensive and have the potential to lend allure to a kitchen. While the cabinet pulls are being removed, you might want to think about painting the cabinets. Cabinets painted in shades of white or a light, neutral grey will give the impression that they have been recently updated without calling undue attention to themselves.

When it Comes Time to Sell Your Home, Does It Make Sense to Remodel the Kitchen?

There are some instances where investing money into remodelling a kitchen before selling a house might be profitable, but this is the exception rather than the rule.

How long do you plan to make this residence your permanent home?

In most cases, you should avoid making any changes to the kitchen when the property in question is vacant and being offered for sale. It is recommended that you redesign the kitchen and any other rooms in the house before your middle schooler leaves for college if you plan on selling the house at that time. If you're selling your property but dislike the kitchen arrangement, the same advice applies to you.

How would you rate the current state of your kitchen?

If everything in your kitchen performs as it should, your cabinets and appliances are clean, and they are of recent vintage, remodelling your kitchen might not be worth the money and labour involved. As a result, you want to save your renovation wishes for your new property in a place where you'll be able to appreciate them.

If you have an old refrigerator that makes a lot of noise, a rusty stove, or visible dirt on the kitchen wall, you might want to repair these issues. However, unless you want to demolish the house before selling it, it should at least be attractive and kept in good condition.

Conclusions and Final Thoughts: 

The decision to sell your house is important, as is the decision to remodel your kitchen. It is easy to feel overwhelmed when you are presented with the challenge of choosing between two possibilities at the same time. You are in a better position to make a confident decision now that you have a more in-depth grasp of the costs and advantages of updating your kitchen before selling your home.

Sources for this article:

https://www.zillow.com/sellers-guide/kitchen-remodel-roi/

https://keo.no/

https://www.homelight.com/blog/what-colors-to-use-for-home-staging/

https://www.remodeling.hw.net/cost-vs-value/2021/

https://www.houzz.com/photos/kitchen-ideas-and-designs-phbr0-bp~t_709