Kitchens are an asset to your home, which is reflected in Virgin Money’s research that a new kitchen can add as much as 6% more value to your property. If you’re looking to sell or are just considering where you could invest in your home, upgrading your kitchen is an effective way of achieving this goal.
To help you make the right decisions when purchasing an investment kitchen, we’ve listed some points to aid you in deciding everything from the cost of a new kitchen to the particular elements that add value to the home:
Everything in Moderation – An important point to bear in mind when you’re looking to buy an investment kitchen is to make sure you don’t spend too much or too little on your kitchen. The cost of a new kitchen in this situation should be based on the approximate value of your house. For example, you wouldn’t put a £50,000 kitchen into a £200,000 house as you would not get this money back. Of course, we also do not recommend installing a £10,000 kitchen within a £750,000 house either as this could reduce the value of your home. You need to keep your expenditure in proportion to the value of your home. If you’re still unsure of what the cost of a new kitchen should be for your personal circumstances, we recommend chatting to your designer about your goals, your approximate budget and asking for recommendations of popular, sought after features to see if they are relevant for your home.
Looking to Sell Your Home Quickly? – A new kitchen can result in a fast sale, as you are presenting a home that doesn’t need much work done to it and has already had time and money invested. To help speed up the process of receiving a new kitchen, make sure you chat to your designer about the fastest design options available.
Expand Your Space – Larger spaces, or at least the perception of more room can add value to the home. Rooms that offer an extended line of vision increase value as well, even if creating this effect results in less rooms within the house. Combining separate rooms such as kitchens and dining rooms to expand the space can add value to the home if it is done in such a way that ensures clean lines, continuous flooring and consistent wall colours to create flow. Maximising storage within the house is another area that adds value to the home. Both storage within the kitchen and throughout the home can be achieved by the System Six design team. Storage within the kitchen can be maximised through kitchen islands, bench seating and efficient layouts, however System Six additionally offers storage in the form of fitted furniture that can be included throughout the home.
Keep It Neutral – To add more value to your home, keeping the design and colours of your kitchen neutral is an effective way of achieving this. Colour palettes that appeal to a wide range of people are more likely to increase value and interest. To fulfil this criteria, we recommend choosing styles such as minimalism, which call for simple, subtle colours and designs. Another element to bear in mind is the age and style of your house. We recommend keeping the design of your kitchen in line with the era of your home. If you have a modern home, we recommend you choose a true handleless kitchen, however, if you have a period property, a farmhouse style kitchen may be more appropriate.
If you’re searching for more ideas of how to add more value to your home, or if you are looking to establish how much you should spend on individual items within your kitchen, we recommend you check out our blog on When to Save and Where to Spend on Your New Kitchen. Of course, the System Six Design Team is always on hand to help you out with your individual design and circumstances, so make sure you get in touch to arrange your design and quote.