If you’re thinking about putting your home on the market, it is important that you do some renovations to make your home sell for top dollar. One of the biggest money makers in a home is the kitchen.
Most buyers will pay more for a move-in-ready home, so spending extra money on your kitchen renovation can help your home sell quickly or for the full asking price. Here are some ways you can renovate your kitchen to add resale value.
Appeal to buyers, not yourself. Don’t personalize your renovation too much. You want your home to appeal to many buyers to increase your chances of selling the home for full asking price. Do your research and see what people in your area want to see in a kitchen. Keep it simple, classy and perfect for potential buyers.
Choose a neutral color scheme. A neutral color palette can significantly open up a space. Stick to whites, creams and light grays when choosing paint and cabinet colors. You can never go wrong with a neutral, and picking too dark or trendy of a color can turn away many buyers. White cabinets are timeless and make a kitchen seem much bigger than it may be. Pair that with a light gray wall color, and you’ll be one step closer to selling your home.
Hardwood, or a similar material, will appeal to more buyers. Hardwood floors are a buyers’ dream, so installing them into a kitchen can add extra value to your home. However, hardwood floors can be expensive, so if you can’t afford to add those to your renovation, there are other materials you can choose from. Some laminate and tile choices are made to look like hardwood and can be great alternatives.
Update your appliances. Outdated appliances will turn many buyers away. It’s worth spending some extra money and buying stainless steel appliances to replace anything outdated. Consider refrigerators with double doors and a water dispenser, or even a gas stove. By updating your appliances to match current trends, you add much more value to your kitchen.
Create an open floor plan. Many older homes have walls separating the kitchen from the living spaces. An open floor plan can make an old home seem brand new, as well as make the space seem much larger than it is. Knock out some walls that separate your kitchen from your living area. Buyers want to be able to see their guests while their entertaining, so an open concept floor plan is necessary to get a high price for your home.
Add a kitchen island. Having an island in the kitchen is a major perk for buyers. The island needs to match the rest of your kitchen in order to appeal to most buyers. An island is a great way to add more counter space for cooking and extra cabinets for storage. Have your countertop hang over the edge of the island on one side so you can put barstools under for extra seating. An island is a great hangout spot for families and can be a focal point in a kitchen.
Choose a neutral granite or quartz for your countertops. Buyers are looking for sturdy, long-lasting countertops. Splurging on granite or quartz, if you don’t have them already, will transform your kitchen into what buyers’ are looking for. Laminate or butcher block countertops are outdated and make your kitchen feel cheaper. Changing the countertops during a kitchen renovation can positively impact the value of your home.
Choose a backsplash that adds a fresh feel to your kitchen. There are so many choices when it comes to a backsplash. You need to pick something that highlights your kitchen without being too trendy or dramatic. A simple subway tile or neutral mosaic adds value to your kitchen and appeals to most buyers. You can add a feature behind your stove if there is an open wall, but keep it simple.
Update your hardware. Cabinet and drawer handles or knobs may not seem like a big deal, but they can noticeably improve the look of your kitchen. Consider using bronze or stainless steel hardware on your neutral cabinets.
Add storage to your kitchen. Lack of storage is a problem in many homes. Buyers love finding storage in unconventional places. Add shelves under cabinets, extra cabinets where you can and update your pantry area to optimize the space. If you have a kitchen island, utilize the space under the counter to create storage. Floating shelves are trendy and appeal to some buyers, but they can be impractical in terms of storage space.
Add some extra light. Appropriate lighting can open up your kitchen. If you have dark light fixtures, replace them with lighter ones to give your kitchen a brighter and more natural look. Add lighting to areas in your kitchen that may be too dark, such as under your upper cabinets or in your pantry.
Stage your kitchen to appeal to buyers. Staging your home is a must for resale. It helps a buyer envision what the home would look like if they were to purchase it. Stage your kitchen to look inviting so that buyers feel at home there and are more inclined to make an offer.
Add a wow factor to set your kitchen apart from all others. Don’t be too trendy or obscure, but add a focal point or a wow factor that will make your kitchen stand out. Things such as a breakfast nook, a farm sink or a wine cooler will leave a lasting impression.
Adding resale value to your kitchen can significantly impact the price your home sells for. A good kitchen renovation can make or break the value of your home.
All of this renovation work shouldn’t be done alone. Choose an experienced home builder to help you complete this renovation to get the kitchen your clients are looking for. Holland Homes is an expert in kitchen renovations and would love to help you get top dollar for your home!