Things to Remember When Remodeling Your Kitchen to Increase Resale Value

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kitchen remodelling

For all potential buyers, the kitchen can either make or break the deal. It is for this reason that homeowners should give importance on how the kitchen looks, especially when planning to put your property up for sale in the market. In this article, you will find some tips on kitchen remodeling that would help get your house resale-ready.

The Market. The first thing that you should do before starting your renovation plans is knowing what your market would look for when it comes to buying a house. In this case, you should know what your prospect buyer would look for in a kitchen when they are house viewing. Try to put yourself in their shoes and ask yourself “what do I want to have in my kitchen?”. The answer to this question may vary from one customer to another, but it should be easy for you to answer if you already know which buyers you want to attract. If you already have determined which kind of buyers you want to attract, then it should be easy for you to set your plans around them.

Budget. The first thing that you need to determine is how much you are willing to spend on the remodeling. It is a must that you know how much spare money you have for the kitchen remodeling so you would know what to work with. The average cost when renovating an upscale kitchen is around $80,000. However, it does not mean that you also need this amount to renovate your kitchen. Before scratching your head on how to come up with this money, you also have to consider your neighborhood. Is your house situated in an upscale neighborhood? Is it located in a modest neighborhood? The type of renovation you should plan for is also dependent on the type of neighborhood your house is located. Renovating your kitchen to a ruling class in a modest neighborhood means you are losing money. You should never over-improve your kitchen. The renovation should stay at par of your neighborhood type. Once this is determined, you can now set your budget and the kind of renovation that you want to be done for your kitchen.

Cost Breakdown. If you have a lot of spare time and plan to renovate your kitchen on your own, then labor will not consume your budget. Labor usually consumes up to 35% of your renovation. This means that if you are working on a budget of $5,000, labor would be around $1,750. If you are willing to spend that much on labor, then it won’t be a problem. The rest of your budget should be allocated to the materials and new equipment that you want to be installed in your new kitchen. On average, cabinets eat up another 30% of your budget. 20% goes to appliances, 10% to windows, 5% to fixtures. However, the allocations are dependent on how you would want the finished product to look like.

Unforeseen Expenses. Unexpected circumstances can occur whenever renovation is done. This is especially true when the renovation is done inside an older house. This means that you also have to allocate a certain percentage of your budget to unforeseen expenses. At face value, your kitchen might look like it is in prime condition. However, surprises may occur as you start removing appliances out or ripping off the walls and floorboards. These surprises need to be addressed if you really want to increase the value of your home for resale. When planning for your budget, you should set aside some wiggle room for these surprises.

Prioritize. When renovating any place or space in your house, you should always know which ones you would prioritize. You should ask yourself: do I want new appliances? Do I want new floor boards? Or do I want new cabinets? Write down all the things that you want to be changed in your kitchen according to priorities. This should allow you to budget wisely and will allow you to set some wiggle room for the unexpected. The most important thing when doing this is to think of how your kitchen would look like after the renovation. Would your super expensive faucet complement the overall look of your new kitchen? Or will it destroy every aspect of it?