What features add the most value when fitting a new kitchen?
The kitchen is the heart of the home for many people. It’s the place where people come together to share their stories over a meal. According to the National Association of Estate Agents, a new kitchen should always prioritise renovations.
According to data published by Moneywise, a new kitchen adds the most value to a property when renovated. But if you have money to spend, which features and changes should be at the top of your wishlist?
A versatile living space
There was a time when kitchens were used almost exclusively for cooking and eating. Now kitchens are a real living space — somewhere people can work, socialise or relax.
When designing your new kitchen, the cost is an important consideration, but try to create spaces for everyday living. And try to add warmth wherever possible. For example, kitchens feature cold, clinical surfaces because they’re practical. But nothing but tiles and granite worktops can leave the space feeling inhospitable.
Attend to repairs and maintenance in your new kitchen
The quality and condition of your new kitchen could directly affect your home’s market value. Buyers may forgive the odd defect or faulty appliance. But when there’s a series of issues, people see a lot of work without much payback.
Identify improvements and repairs before you list your house for sale, including broken doors, faulty switches, bad paint jobs, and other trivial issues. Strive for quality and an excellent finish, and aim for a cohesive, consistent appearance.
Subtle changes are often the most effective.
Don’t think you have to spend thousands of pounds renovating or installing a newly fitted kitchen to increase interest in your home. Instead, by making a series of subtle changes to your kitchen’s aesthetic, it’s possible to add value in a very cost-effective way.
For example, you can change the look and feel of your kitchen merely by changing cabinet doors. Keep the rest of the cabinets in place to save money. Choose a soft colour for the walls, and replace those tired worktops with something stylish. These changes alone don’t require significant renovations, but together they can transform your kitchen without breaking the bank. Visit a few showrooms and look at a few fitted kitchen designs to get even more ideas!
Think about what buyers want when planning a new kitchen
Imagine yourself in the shoes of your potential buyers. If you expect to attract first-time buyers, your new kitchen should be ready to use. Make sure all appliances are working correctly. Keep the decor neutral. And choose lighting that creates a warm ambience. Also, make sure your kitchen offers lots of storage and room to grow.
If you’re targeting affluent buyers who already own their own homes, you might need to spend a little more. Invest in premium appliances, flooring and kitchen furniture. Stage your kitchen to showcase its strengths.
How much is a new kitchen?
The average cost of a new kitchen is £8,000, excluding VAT and appliances. Therefore careful consideration needs to be given if your objective is to add extra value to your home.
Make your kitchen functional.
Your priority should always be functionality. While making a kitchen warm and inviting is excellent, the room’s primary function is cooking. Create a logical flow that aids better and faster cooking. Does the layout allow you to cook without continually turning back on yourself or bumping into things?
Where is the natural space for food preparation? Does this space have storage cupboards nearby? Is there space for clean dishes by the sink? Is there space for hot food to cool near the oven? These are all issues that will affect a buyer’s decision. Get them right, and you might add a little value to your home.
There’s little point in adding value to your property if you’re spending more on renovations than you stand to gain. However, some intelligent decor choices, a little planning, and a few subtle changes here and there can significantly increase your home’s value.