Should You Renovate A Kitchen Before Selling?
Putting your home on the market is a daunting prospect for any homeowner, particularly if work needs doing to it.
If you’re looking to sell your home, you might be wondering whether it’s a good idea to renovate your kitchen before selling.
The answer to this question is that it entirely depends on your personal circumstances, and it can vary from property to property.
For instance, if your home is of good quality throughout, but your kitchen is dated and in need of work, a renovation will not only make the kitchen fit more in line with your home but will also help to increase its value.
There are a range of benefits associated with renovating your kitchen that might help you to make a more informed decision.
The potential benefits of renovating a kitchen before selling include, but are not limited to:
A faster sale
Adding value to your home
Improving the appearance of your home
1. A Faster Sale
One of the biggest potential benefits of renovating a kitchen before selling is that it can result in a faster sale.
It’s no secret that ‘homes that are freshly remodelled…sell much faster than houses that are outdated or in need of repairs’, as it’s significantly more convenient to buy a home that can be moved into straight away.
When a house needs a lot of renovation work, potential buyers can be put off by the cost of future work and the hassle this entails.
In addition to this, they might even put a value on the effort that it will take to renovate your kitchen, meaning that they take thousands of pounds off the asking price as a result.
As such, if you’re hoping to sell your home quickly, renovating a kitchen can significantly help.
It’s no secret that ‘homes that are freshly remodelled…sell much faster than houses that are outdated or in need of repairs’, as it’s significantly more convenient to buy a home that can be moved into straight away.
2. Adding Value To Your Home
Another significant potential benefit of renovating a kitchen before selling is that it can add value to your home.
In fact, it’s possible to ‘increase the sale price of your property by 5% to 10% when you renovate or build a new kitchen’, emphasising how it can be a worthy investment to renovate your kitchen before moving.
Additionally, Better Homes and Gardens claims homeowners can expect a return of 52% on their investment in a kitchen renovation if they plan to sell the home.
Bearing this in mind, you can stand to make a more lucrative sale when renovating your kitchen before selling your home.
3. Improving The Appearance Of Your Home
Lastly, a significant benefit of renovating a kitchen before selling is that it significantly improves the appearance of your home.
As one of the most popular and most used rooms in the house, it’s natural for a kitchen to deteriorate due to wear and tear over the years.
Generally speaking, you ought to be ‘replacing [a] kitchen every 10 to 15 years’, so if you’ve had the same kitchen for longer than this, it’s likely in need of an upgrade.
By improving the appearance of your home, then, prospective buyers will be able to imagine themselves happily living in your home without the looming need to replace the kitchen.
It’s possible to ‘increase the sale price of your property by 5% to 10% when you renovate or build a new kitchen’, emphasising how it can be a worthy investment to renovate your kitchen before moving.
Percentage Of House Value To Spend On A Kitchen Renovation
Experts have suggested that 6-10% of the home’s value should be spent on a kitchen renovation.
Spending more than this could result in you failing to make a good return on your investment.
For instance, say your house is worth £500,000. If you budget £50,000 or 10% of your home’s value on a kitchen renovation, the return on investment can be as much as 77.6% (a £38,800 increase to your home’s value).
Before renovating your home, it’s important to take all considerations into account in conjunction with your personal circumstances.
If you’re interested in renovating your kitchen before putting your home on the market, be sure to speak to a reputable kitchen designer to talk through your options and budget.
Generally speaking, you ought to be ‘replacing [a] kitchen every 10 to 15 years’, so if you’ve had the same kitchen for longer than this, it’s likely in need of an upgrade.
Hopefully this article has given you a better understanding of whether you should renovate your kitchen before selling your home. For tips on renovating a kitchen in the right order, check out our blog.
Cwtch Haus dedicates time and attention to understanding our customers’ lifestyles and habits to create a space that is perfectly tailored to their needs. We work to ensure that your space is not only beautiful but practical for your everyday use.
Get in touch for your free consultation and design from one of our experts. For more advice, head to our blog page or get in contact about our renovation services.
Written by Jemima Thomas for Cwtch Haus.
