What is the value of an upgraded kitchen when selling a home?

Asked by rwehomeyet, Merritt Island, FL Tue Feb 21, 2012

Help the community by answering this question:

+ web reference
Web reference:

Answers

5
Laura Feghali, Agent, Stamford, CT
Tue Feb 21, 2012
BEST ANSWER
Hello rwehomeyet,
You could expect to recoup about 67% of the cost to remodel a kitchen depending upon the type of materials you use.

Here is a link to the National 2011 Cost vs. Value report where you will find statistics on resale costs for home improvement projects:

http://www.remodeling.hw.net/2011/costvsvalue/national.aspx

Having a remodeled kitchen will certainly improve the value of your home and should attract more buyers. Nowadays, many buyers are looking for upgraded kitchens, baths, and master bedrooms. The actual value of a remodeled kitchen does depend on the quality of construction and materials used so it's difficult to place a monetary value on it without seeing it.

Hope this is helpful.

Good luck to you!

Laura Feghali
Prudential Connecticut Realty
1 vote
Annette Law…, Agent, Palm Harbor, FL
Tue Feb 21, 2012
Merritt Island Home Buyer,
Since you are a home buyer let me suggest this approach to your value question. Of course, there is a great deal we do not know about this situation that makes the analysis structure a bit foggy. For instance, are you trying to reconcile tangible value asset of a home you wish to buy? Are you considering selling your existing home and do not want to spend money foolishly? Are you looking to achieve the greatest return on your investment without doing a total rip out? There is just so much we don't know including questions preceding mine..."what about the existing kitchen? Is it a user preference or it is beyond it's functional life?"

To get the greatest value from a home, marketers have known for decades it is the woman who buys the house. If you are thinking of preparing a home for sale, make everything the woman TOUCHES two grades above the price point expectation. Replace the cabinetry hardware. You need the "GOOD" delta facet. The hardware on the front door needs to be lavish! And don't even think about a scratch and dent. Your upgrades needs to VALIDATE the woman who is making the decision. How well you master this craft will be directly proportion to the value returned for your effort and money. Be aware. a gold plated, too-die-for Delta Facet will not disguise an obsolete kitchen.

There is just so much we do not know. The options are different when dealing with a $150K home as opposed to a $1.2M beachy home.
Best of success to you,
Annette Lawrence
Broker/Associate
ReMax Realtec Group
Palm Harbor, Fl
727. 420. 4041
Web Reference:  http://www.MyDunedin.com
1 vote
Antonio Vega…, Agent, Saint Cloud, FL
Tue Feb 21, 2012
There are so many variables it will be imposible to say accurately. Usually you get 60 to 80% back in increased value. However last week I showed a home where the only upgraded and upkeep part of the home was the kitchen, and the mess from the rest of the home flowed into it. So a brand new kitchen with nice extra features still was not enought to have the buyers even consider making an offer.

Moral of the story - A kitchen upgrade must be an addition to a worthy home for it to actually make a difference.

Was this answer helpful? If so please click on the "thumbs up" below.

Tony Vega
Charles Rutenberg Realty
1 vote
Mack McCoy, Agent, Seattle, WA
Tue Feb 21, 2012
It kind of depends. How much value does the existing kitchen have?

It's easy when there's been a fire. The kitchen has negative value, and installing a new one would be recoup more than its cost.

It's not so easy when there's an existing kitchen, because, well, there is already a kitchen and upgrading rarely recoups the cost.

Generally speaking, I would not advise anyone to upgrade their kitchen for resale purposes.
0 votes
Euceny Deanto, Agent, Indian Harbour Beach, FL
Tue Feb 21, 2012
Hi,
It certainly will help a lot to sell your house, but I would say that it can vary. It depends of the value of your property and of coarse what kind of improvements you are doing, such as the material you are about to use, for example granite counters, cabinets quality and etc...If you want more details about it you can contact me at 321 482-8253. My name is Euceny Deanto and my company is Century 21 Spectrum.

Thanks for using Trulia.
0 votes
Search Advice
Search
Ask our community a question

Email me when…

Learn more