2006-12-21 13:21:52 · 10 answers · asked by my2oreos 1 in Business & Finance ➔ Renting & Real Estate
I'm not a realtor, but I've purchase 6 houses and it's always the first thing I look at when I enter a home for the first time.
2006-12-21 13:24:15 · answer #1 · answered by Jille K 2 · 0⤊ 0⤋
Upgrading a kitchen or any part of a hse is what we call renovation. Renovation only accounts 5% of the valuation report. Most of it are in the location of the hse itself. So this upgrading will only help IF the buyer is looking for a hse which is renovated and does not intend to renovate the hse after buying. Then probably you can jack the price a little but again it comes back to square one. Renovating the kitchen is priced base on how many feet of cabinet you are installing. It ranges from $80 to $130 per foot. So average price for a 4-rm flat which normally do 10 feet lower cabinet and 10 feet upper cabinet,that adds up to $2000 if it is $100 per foot. That havent include fridge base and washing machine base, cabinet base. So round up between $3300 to $5500 per kitchen. Then probably the price of the hse which you have already upgraded the kitchen may fetch only extra $5000. So you decide? Worth it or not?
2006-12-21 21:33:50 · answer #2 · answered by dingarmando 1 · 1⤊ 0⤋
If it's price "right", then it will sell...upgrade or not. Why waste money? Especially if the kitchen is original to the house. It may be consided "outdated" by media hype & real estate "pros", but think about the buyer & the FUTURE. A house that has it's original charm is worth far more in the long run to a buyer who is searching for the home that brings them back to their roots (mentally). Leave things "as-is" & let the buyer change them. You'll be glad you did.
2006-12-21 22:14:18 · answer #3 · answered by Anonymous · 0⤊ 0⤋
The value of your house will not rise in equal or better proportion to the cost of upgrading more expensive areas like a kitchen. I would advise against upgarading unless the room is treacherous. I do think it would be intelligent to upgrade "fluff" attention getting items that cost very little but will make a vast impression on the buyer.
2006-12-21 21:40:52 · answer #4 · answered by ilovela 5 · 0⤊ 0⤋
Yes, especially stainless steel appliances.
I am currently looking at houses. I seriously consider the homes with remodeled/updated kitchens as opposed to those that have a simple paint job.
I look at cabinets, appliances, flooring and counter tops.
2006-12-21 21:45:12 · answer #5 · answered by Anonymous · 0⤊ 0⤋
an upgrade or even remodel can help on sale.
remodel gets you about 70-80% roi.
upgrade can get as high as 100% roi.
do not over price the kitchen or it could become a lemon.
do not blow your money on high end appliances
bad roi. bath are same roi's.
2006-12-21 21:37:38 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Kitchens & bathrooms are what people care about the most.
2006-12-21 21:30:41 · answer #7 · answered by Tina B 3 · 0⤊ 0⤋
On all of those home shows they always say that you get your money back on kitchen remodels.
2006-12-21 21:30:29 · answer #8 · answered by luna 5 · 0⤊ 0⤋
all upgrades/improvement help the sale..
what you have to be sure..is the building inspection passes..
new appliances etc..all is noted by the inspector..
2006-12-22 00:40:42 · answer #9 · answered by m2 5 · 0⤊ 0⤋
Yes, even if it is only painting it, modernizing the cabinets and/or replacing the countertops.
2006-12-21 21:25:48 · answer #10 · answered by whatever 4 · 0⤊ 0⤋