If you’re trying to sell your house, you may be wondering whether a kitchen remodeling project will increase its value and help you sell faster. There are a few things to consider. Ask yourself the following questions before deciding to bring in a kitchen remodeling contractor to help sell your home.
#1. Will you be able to recoup your costs? There’s no sense in spending a lot of money to install new kitchen cabinets or build a new countertop if your’e going to end up losing out on your investment. Unless the value of your home will increase enough to help you break even or even make a little extra on your sale, then remodeling is unnecessary.
#2. What trends are most desirable to current prospective buyers? Keep in mind that you won’t be able to please everyone, but your aim should be to appeal to the widest selection of prospective homebuyers. IN that case, installing new stainless steel or concrete countertops in your kitchen would be unwise. Most buyers currently prefer marble, quartz, or granite countertops. Also, even though you may think a certain paint color or cabinet color is appealing, you should look at what current buyers are saying before hiring a painter or cabinet refinishing contractor.
#3. How old are your appliances? Are they well past their warranty? Have you had any recent problems with them? Or do they look outdated? Modern appliances will likely appeal to most buyers today. However, if you live in a very old home with vintage appliances, you may want to keep them, as vintage and antique items will be worth a lot of money and could actually increase the resale value of your home. You may want to consider getting an opinion from an appraiser before you decide to revamp.
#4. What kind of feedback have you gotten from showings? If your house has been on the market for a while, and a lot of buyers are saying the same thing, it may be wise to take their comments into consideration. Perhaps you have laminate kitchen countertops, and buyers are saying they’d prefer granite. If you can find a contractor to replace your countertops for a reasonable price, and you’re confident it will increase your appraisal value, then a countertop replacement might be a good idea. Again, we always recommend seeking a professional opinion first.
#5. Is remodeling really necessary? Sometimes all you really need a professional home staging, which is often much less expensive anyway. Some home stagers claim multiple full-price offers on homes they have staged in the past. You may be surprised to learn that a few decor tweaks here and there can actually make all the difference.