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March 9th, 2017 10:51 AM

Which kitchen renovations can increase my home’s value?


One of the most frequently asked questions we get here at Appraisals by Michael is “how much value does upgrading my kitchen and bathroom add to my home?” If you are selling your home, you may want to consider renovations such as this. Some may think that renovating a home that you are about to sell is a waste of time, energy and money. Think again, making updates to your kitchen can increase marketability and add thousands to your home’s value.  

Now, we understand that a complete kitchen remodeling may not be in the budget. But it may not be necessary. Take the example from the video below, changing your appliances may be the upgrade your kitchen needs to be elevated to the next level. Cabinets may be secondary:

 

 



Performing small, low cost renovations to your kitchen such as backsplash, paint and hardware changes are starting points. However, a kitchen is only as good as the appliances in it. Studies have shown that updated appliances can increase your home’s value by thousands. Upgrading your appliance doesn’t mean you have to fork out $10k on a new commercial-grade range or a sub-zero french door refrigerator. Upgrading your kitchen for the purpose of selling your home is to give the prospective home buyers the quality, functionality, and aesthetics they are looking for without breaking the bank.

Keep in mind that when home buyers see upgraded appliances, they see one less thing they have to do upon buying. Home owners want less work and more bang for their buck.

Appraisals By Michael can assist you with all your appraisal needs; Pre-listing, Divorce, Tax Assessments, etc. Get in touch with us today to answer any question and for a free quote. 


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