As the hub of your home, you want your kitchen to always look its best. There is an expression ‘Kitchens sell houses’ and this is very much show to be true as it is the room with the most financial value and one of the biggest factors that could potentially influence the sale of a property.
“Homeowners have agreed that should wish to take on a re-modelling project, the kitchen is the best place to start. Statistics show that almost 50% of the buyers are influenced and impressed by a new kitchen, and 28% of would-be buyers are prepared to pay more if the kitchen was of a higher standard’, notes Lara Machado, Head of the Training Academy at Engel & Völkers Southern Africa.
However, a new kitchen is not a project to consider lightly, as it is a costly and long-term investment as a new kitchen may make your home more marketable, but that doesn't mean you'll get more money in your pocket. Lara cautions that renovations could improve a home's value, however if your home is considered "over improved" compared with other properties in your area, it can actually be detrimental to your property’s value. It is advisable, and well worth seeking some expert advice from your local estate agent. You can ask them to prepare a feasibility analysis that will help you determine the impact of kitchen renovations on your home's value. This is also true to fact in for any renovation you considering undertaking before putting your property on the market.
A good rule of thumb is not to spend money on something that has a great deal of personal taste attached to it. People like to see modern conveniences and styles in the kitchen, even if you aren't in the market for a total re-do, one or two basic updates will make your kitchen look as if it had a complete overhaul.Simple upgrades include installing new, modern appliances, a splash of new paint,changing cabinet faces, or simply just the handles, replacing old electric cooktops with gas, installing floating shelves or adding a kitchen island /butcher block.
Consider the future of your home, and the changing demands it will need to adapt to. If after all things considered, you decide this is a project worth taking on, now would be the ideal time to take the project on as Summer will soon be here, which means you will likely be entertaining again after the winter hibernation, and what better way to do so than in a revamped kitchen with a new up-graded look with modern appliances. We have some great, low cost and easy to implement ideas which would go a long way to making your kitchen a hot topic at the next braai: