With the steep increase in house prices through the last few years, it is no wonder that homeowners are looking for ways to maximise the value of their investment, should they ever decide to sell. Recent studies have shown that a new kitchen is a fantastic way of adding value to your home, with Phil Spencer stating that “with limited funds, the kitchen is the room to focus on”.
This is Money compiled research from a variety of sources and suggest that a new kitchen can add, on average, 5.8% to the value of your home.
Adding value to your home by fitting a new solid wood kitchen may seem counterproductive if you are saving up funds to move house, but a new kitchen may help you not only sell your home quicker, but at a better price, too. To help you keep costs down, we recently put together a guide detailing how to create custom kitchens on a budget. Our mix-and-match oak cabinets allow you to build a luxurious looking kitchen for a fraction of the cost of a bespoke option, especially if you are willing to do some of the work yourself.
The amount spent on updating your kitchen needs to be directly proportional to the value of your property if you are looking for ways of adding value to your home – so how can you make your kitchen look brand new if you don’t have the budget to install an entirely new one?
Start by replacing existing cupboard and cabinet doors with solid wood frontals. This will help tidy up the appearance of any kitchen, whilst our selection of bespoke colours means we have a choice to suit any style of kitchen – perfect for giving yours a speedy refresh.
A new kitchen worktop is also a cost-effective option for adding value to your home. Arguably the centrepiece of any kitchen, a new work surface can change the entire look of your kitchen. Fixing a new countertop to older units can give your home a new lease of life, and at a much lower cost than an entire new kitchen. A fresh coat of paint and some new handles provides another choice for those looking to update an existing kitchen on a budget.
Do you have any tips for increasing the value of your home by fitting a new kitchen or updating your existing one? We’d love you to share them with us in the comments, or you let us know your thoughts on our Facebook or Twitter pages!