With the housing market in a state of decline, there seems little reason to move on to another property. For this reason, many homeowners are staying put and making the most of what their property has to offer, by upgrading.
And if you’re in the same boat, the best way to make a difference to your home and increase its selling potential and value is to install a new kitchen. Installing a new kitchen can increase your property’s value by as much as 15% and with a range of styles and materials to choose from there’s something for everyone.
Phil Spencer, presenter of relocation, relocation, says: “If you are only going to improve one room, make it the kitchen.”
Phil has been a TV personality for over 10 years, co-hosting the housing programmes with Kirstie Allsopp. And he says: “You can’t just sit back and wait for your house to make you enough money to move on. You are going to have to take active steps to create that extra value for yourself.”
This opinion was vindicated by a recent poll, where 71% of estate agents listed a new kitchen as one of the three most important improvements you can make to your home. And the independent estate agency, Spicerhaart, said a new kitchen was THE most worthwhile.
A new kitchen can look stunning. Kitchens are the focal points of our homes and you’ll want a great look to boost your property’s value and make it more enjoyable for you too. What’s more, a new kitchen will be the talking point of any guests you entertain.
And the good news is there are so many possibilities when considering a new kitchen. From the worktops to the floor you have a whole host of styles and materials to choose, so you can make your kitchen as unique or traditional as you’d like.
For the work surface, some of the most popular for look and durability are marble, granite and laminate. Meanwhile, hard-wearing floor materials tend to be wood or tile. You’ll be able to find a material that meets your individual needs, whether it’s appeal, resistance or both.
Finally, consider that you need to spend an amount proportionate to your home. Spending too much will mean you won’t see the return when you sell the property. On the other hand, spending too little can decrease your property’s value.
Phil Spencer added to this, saying: “Put a £10,000 kitchen in a £1 million house and you will drag down the value.”
Any kitchen you have installed should be done by a reputable, accredited installer. The cowboys are still out there, so it’s important to take care when appointing a company for the job. If you’re on the end of a botched job it’ll damage your home’s appearance and value.