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Teresa Dessey, Real Estate Pro in Ronkonkoma, NY

Is it worth it to put in a new kitchen before I put my home on the market?

Asked by Teresa Dessey, Ronkonkoma, NY Tue Nov 29, 2011

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In my opinion just surface touch up, maybe counter, or paint job. but most buyers like their own taste.
However if your Kitchen looks bad you can do a very nice inexpensive change. They will more than likely take it out anyway.
But it may increase the value of what you have. Just be sure that increase is worth it.
1 vote Thank Flag Link Tue Nov 29, 2011
It is hard to answer this question without seeing the kitchen. What condition is the kitchen in? Are drawers non-functioning? Are cabinets in need of major repair? Hw old are the appliances? How large is the kitchen? In some cases when a kitchen is small, it may be wise to make some changes. There are too many things to consider. If the kitchen is fairly large, depending on the changes you make, you may not be able to get all of your money back. You may be able to make some simple changes without spending a lot of money.
0 votes Thank Flag Link Tue Oct 27, 2015
I would recommend having a Realtor come out and do a market analysis for you on your property. They would be able to advise you if you just need some sprucing up or a total remodel. They will also be able to tell you an approximate return on investment for that kind of update. Good Luck!
0 votes Thank Flag Link Tue Aug 27, 2013
Minimal is also my opinion as you never know the taste of the new Buyer
0 votes Thank Flag Link Tue Aug 27, 2013
Oldie, but goodie post. This question comes up quite often.

I'm going to agree on doing minimal upgrades for aesthetic purpose of getting your house sold. Your tastes are not the tastes of the market or the potential buyer. Nobody can predict what they would want in their choice of flooring, cabinets, countertops, appliances, fixtures, etc. so don't spend money trying. Just do what might be needed to spruce up your kitchen so it shows well. replace missing/broken knobs and draw pulls, hinges. replace old and outdated fixtures to pleasant modern stuff that is tasteful. if your cabinets are old and grungy, maybe refacing or painting.

A new buyer will want to renovate the kitchen their own way, the higher end home they buy the more they will customize it for their tastes.

A good local real estate agent can help you to determine what needs to be done, if anything.

There is no formula. you NEVER get back dollar for dollar the cost of improvement to a home (just see how the math works for an appraisal).

Improving the property prior to sale is not done to increase value, but to bring the home up to good condition and to make it show better.

This is also not the real estate climate to over improve a property.
0 votes Thank Flag Link Tue Aug 27, 2013
Talk to a good local Realtor to see how much higher or a price you could get with the new kitchen. Then get some bids to see how much it would cost to upgrade the kitchen. It can be good to try for a $2 rise in price for every $1 of fix up you put in. Also, a new kitchen might enable it to sell much faster as a new kitchen is VERY attractive to buyers.
0 votes Thank Flag Link Wed Nov 30, 2011
Teresa,

Installing a kitchen for the purpose of selling you home is one thing but expecting to recover the expense is probably an unreasonable expectation. There is a great resource that we would like to refer you to that does a great job analyzing common upgrates and their recovery amount which is based on the region of the country you live in.

It's a worthwhile tool that may provide you with information necessary to make your own decision.

http://www.remodeling.hw.net/2009/costvsvalue/national.aspx

Best wishes,

Bill
0 votes Thank Flag Link Wed Nov 30, 2011
I do not think any one will be able to give you answer without see the house and do market analysis.
0 votes Thank Flag Link Tue Nov 29, 2011
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