JK has certainly resolved this.
But this is still a GREAT question!
The house must be objectively evaluated for obsolescence.
if were're talking 7 ft ceilings, shotgun bedrooms, and compartmentalized living, then fixing the kitchen, with cabinets and appliances will prove to be wasted money.
If, however, the home has higher ceilings. dispersed bedrooms, two car garage, single level living and a functional (not obsolete) floor plan, you have the right bones to work with.
Next, know the ARV of the home based on recent sales in the area. Extrapolate this homes value from that data. Budget the cost of kitchen to be properly proportional to the homes value.
THIS IS YOUR 'NEW KITCHEN' BUDGET.
The data will show you can safely invest $10,000 or $20,000 or $50,000 in the kitchen without over developing or creating great imbalance.
Head to IKEA and get a "Knock Your Socks Off" solution that WILL put money in your pocket.
I love seeing the contagious smiles as buyer enters a 100 year old house and find 'Fashion Forward' design greeting them. THAT is how PASSION is created in the buyer.
Step two is helping the buyer JUSTIFY the purchase.
Step three is removing the obstacles.
Best of Success
Annette Lawrnece, Broker/Associate
Palm Harbor, FL
Continuing on beyond this point, the new owners didn't like the choices their seller made when redoing the kitched and decided to gut the kitchen and start over.......
If your choice happens to be one of renovating the kitchen, as the present owner consider you are rolling the dice in the same manner as the owner in my scenario.
My appreciation for this experience finds me taking a more conservative position. One of minimizing expense while improving what is there through modest adjustments. A lot can be accomplished through updating appliances, countertops, painting, and chamging cupboard pulls.
Just keeping it real!
1. Make sure you have newer, matching appliances (they don't have to be stainless steel!!).
2. A stainless steel double sink is always affordable.
3. New counters are a good addition, even if you choose Formica.
4. Paint, refinish, or change out cabinet fronts.
5. Change out cabinet and drawer handles/pulls.
6. Change, refinish, clean, grout the kitchen floors.
7. Clean off your counters and put everything away, so you have counter space.
8. Organize the inside of the cabinets and drawers.
Realty Mark Professionals
855-777-(MARK) 6275 x 202
The only thing, if you feel he need to do some updating (and please, check with your agent for his or her opnion) is in regard to the appliances......even an older kitchen is enhaced wth new appliances..........if the current ones are from the 70's, you might look into that one upgrade..................otherwise - price it according ly...and be hppy you're waking away with a nice profit!!
Do you have the budget for a kitchen renovation - whether it is a full or partial (refaced cabinets)renovation?
Maybe your budget will allow only for paint and new hardware......or new flooring........or just new ss appliances.....some of these items can make a difference.......it doesn't necessarily have to be all or nothing.......figure out how to proceed once you figure out how much you can comfortably afford to spend.
As important..............Will you be making a healthy profit on your home, with or without the renovation........or will you be breaking even....or worse yet, upside down on your mortgage?
Certainly updated kitchens enhance a house and help it sell faster and for more money.
But, you need to factor the above elements into your final decision.
If nothing else, make sure the house is uncluttered.... and neat and sparkling - that doesn't cost much to do!
(and price it accordingly!!!)
Gloria Zastko Realtors
Office: 732-297-0600 x31