Almost any home will sell, but the trick is selling it for the price you want. If a home sale is on the horizon, you may be wondering if “upgrade kitchen” should be at the top of your to-do list. Just as importantly, you want your home to sell quickly and not linger in the listings month after month.
In general, any kitchen upgrade will add value to your home and help it sell. This is especially true in Ottawa because the market is competitive right now.
The tricky part is deciding what to do. How do you know which kitchen upgrades will have the most significant impact?
This column will help you determine how much to upgrade and share some kitchen remodeling ideas that are sure-fire winners. These tips are perfect for new-home designs as well.
Key decision makers
Price range
The important thing is to keep things in perspective. For example, it doesn’t make sense to put a new $150,000 kitchen in a $750,000 home if you won’t be around to enjoy it. Similarly, upgrading the kitchen in upmarket homes may not make sense as long as the kitchen zone layout is open and functional. At higher price points, the new homeowner may want to customize things according to their individual tastes.
Location
Something else to consider is location. If your home is farther away from downtown, you may have to prove to prospective buyers that your home is worth the commute, making a kitchen renovation crucial to enhance the overall appeal. A modern, well-designed kitchen can be a compelling factor that attracts potential buyers.
On the other hand, if you’re minutes from downtown or transit, you can probably avoid extensive improvements. Additionally, when you’re that close to the core, some of your buyers will be investors seeking to rent out the property and they won’t be as interested in a top-of-the-line kitchen.
Status of your current kitchen
Most buyers will look past a slightly outdated kitchen as long as it’s reasonably neutral. However, if the kitchen is from the ’80s or early ’90s, you should start collecting kitchen remodeling ideas.
Also, if you’ve added several very personal touches that are off the beaten track, you may want to consider some upgrades that will tone things down and bring the kitchen more in line with what people want. Keep things neutral and not too busy.
How is the rest of the house?
It’s crucial to balance the overall condition of your home with potential buyers’ expectations when deciding whether or not to renovate your kitchen.
If your home has a great foundation and a new roof, windows and furnace, you can probably get away with a kitchen that isn’t as current. Or, if your home has some issues and you’re prepared to sell for a lower price, a kitchen upgrade may not pay off. But if you are looking to secure a higher price, enhancing your kitchen can indeed be a strategic move to increase the overall appeal.
Kitchen upgrade hot list
Here are 10 kitchen renovation ideas that have a positive impact on a home’s market value:
Upgrade countertops: Installing high-quality, durable countertops like granite, quartz, marble or Dekton (an engineered surface made from a blend of raw materials) can instantly elevate the look of a kitchen. Stone counters like these are visually appealing and long-lasting.
Modernize appliances: Up-to-date, energy-efficient appliances not only improve the functionality of the kitchen but also appeal to potential buyers who want a modern and efficient kitchen. Stainless-steel appliances are popular among homebuyers; they are durable and resistant to corrosion and have a sleek esthetic.
Reface or replace cabinet doors: This can give a dramatic facelift to the kitchen. Consider either refacing dated cabinets (replacing doors and drawer fronts while keeping the cabinet structure) or installing new custom cabinets altogether.
Improved lighting: Adequate and well-placed lighting can make a huge difference in the perception of a space. Consider adding task lighting under upper cabinets, pendant lights over islands and recessed lighting in the ceiling.
Quality flooring: Durable, easy-to-clean flooring is a must. Options like hardwood, laminate or high-quality tile are popular choices. Avoid using materials that are prone to damage, such as low-quality laminate or vinyl. If you have cracked tiles or loose boards, be sure to get them fixed.
Add a backsplash: A well-chosen kitchen backsplash can add personality and visual interest, plus this relatively small investment can make a big impact. It can even be used to create an accent wall.
Neutral colour palette: You absolutely cannot go wrong with a fresh coat of paint on the walls. Neutral colours like whites, greys and soft beiges tend to appeal to a range of buyers. They create a clean, timeless look that allows potential buyers to envision their own style in the space. Whatever you choose, aim for a cohesive look that complements the rest of the house.
Maximize storage: Ample storage space is always a plus. Consider adding pull-out shelves, organizers and other space-saving solutions to make the kitchen as functional as possible.
Upgrade fixtures and hardware: New faucets, handles, drawer pulls and knobs give your space a fresh and modern look without having to embark on a full kitchen remodel. Opt for high-quality finishes like brushed nickel, stainless steel or matte black.
Create a focal point: This could be a standout feature like a statement kitchen island, a distinctive range hood or a unique tile pattern. A focal point can draw attention and make the kitchen memorable.
And remember, sometimes less is more. Consider making room for open shelving, which creates a visually open and airy feel, making the kitchen appear larger and more inviting.
Above all, ensure your kitchen is impeccably clean and all necessary repairs are taken care of. Keep in mind that potential buyers will be interacting with doors, so it’s essential to ensure everything functions properly.
