If you’re considering selling your property, you will achieve the best price in the shortest amount of time if your property is well presented and appealing to the market you are targeting. Your biggest decision will be whether to invest time and money in a kitchen renovation or to sell the property in its current condition. So, if you are wondering should you do a kitchen renovation before selling your home, here is some advice.
Return on Investment – The most important thing to consider is if your objective is to achieve an acceptable return on your investment. You may propose a kitchen renovation which is likely to add value to your home, or your goal may be to make it more likely to sell within a required timeframe, which in this case, you may not invest as much in the project.
Real Estate Agents – It is important to speak to a real estate agent and ask them whether a kitchen renovation will increase the value of your home and/or make it easier to sell. In some cases the primary motivation of the home owner is to sell quickly. In other cases, they may want to maximise their sale price. You may be able to achieve your objectives with a modest renovation or your real estate agent may advise you to leave your kitchen in its current condition.
Who are you renovating for – The kitchen renovation you undertake as the home owner may be very different from the renovation you do when trying to sell. You need to ask yourself whether you are creating your own dream kitchen or do you want a kitchen that will appeal to potential buyers. This is where you should be mindful of avoiding the latest fads and colours. Generally neutral colours appeal to a greater range of buyers than bold colours that may be on trend at the time.
Don’t over-capitalise – Just remember that by doing a full high end kitchen renovation, it may make your home unaffordable. Your kitchen and the rest of your home needs to be equivalent to the homes you will be competing with at the time of sale. Whilst you don’t want to overspend, you also don’t want to be too thrifty and not give the buyers the standard they expect in your price range. Don’t spend more on your kitchen renovation than your home value can support.
Consult the Experts – The best advice would be to consult an experienced and professional Kitchen Design Consultant. This way you would avoid making expensive design mistakes and achieve your desired outcome without over-spending. A design consultant can assist you in deciding the extent of the renovation you have in mind and will work with you to achieve the best possible results and outcome within your budget.