I've heard that there's a 99% return on investment but I'm thinking that granite countertops might sway a potential buyer in our direction that otherwise would have passed up our property. What do you think?
2007-03-07 14:26:49 · 13 answers · asked by Mythical Creature 3 in Business & Finance ➔ Renting & Real Estate
1. Is it likely that other properties that people would consider in the price range have granite? Granite might be right or it might be too high of a spec.
2. You want a wow factor. Maybe it is the kitchen or maybe it is something else about the property.
3. Are the present countertops too odd for most people? If so then you are losing money and losing buyers with them. How much it matters is to be determined.
4. How does the rest of the kitchen look? Do you need to make other changes?
5. What about the rest of the home? Kitchens and bathrooms are very important to buyers (more female than male actually). If the kitchen is great but the bathroom are a mess then you need to put some money into the bathroom.
6. Your budget. If you have limited capital then a fresh coat of paint normally has the best return. It costs very little and if you are good (careful) you can do the work yourself. Some think of paint as being work 100 times what it costs in terms of a value increase. Also a real professional clean can go a long way.
I suggest you do a bit of a tour. Go visit some homes that are already on the market that would be comparable to your home. An agent can produce a list. See what they have and how they compare. Also look a homes that are a bit higher priced. What do they have that you do not have? Can you change something or is it more fundamental (location, school district)?
You may not get 100% back on what you spend when doing a kitchen or bathroom. Some folks spend more than the improvement is worth. You might get more viewing, more offers but not more money.
2007-03-07 14:48:40 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It depends on the neighborhood. What do other homes in the area have? What kind of home is it? Are you going to update anything else or will these countertops just emphasize the fact that everything else is still outdated? Also too, Corian counter tops can look just as good, are really popular, are nearly indestructible (unlike granite) and come in all colors and are cheaper than granite. Look into them. I would update them, but not necessarily with granite.
2007-03-07 23:51:49 · answer #2 · answered by CHERI S 3 · 0⤊ 0⤋
Definitely. Kitchens are one of the biggest selling points of a house and having it really modernized and upgraded will really attract potential buyers to your home. Granite counter tops are also a really hot item right now too so I think you will definitely get your money back from them, if not more.
2007-03-07 22:33:16 · answer #3 · answered by k_hart100 3 · 1⤊ 0⤋
I'd upgrade to almost anything else but what's there.
Granite may or may not be the right choice based on the price of the granite and whether it's the right kind of house for that kind of upgrade. (For instance, I wouldn't upgrade to granite in a modest neighborhood; you're more likely to just price yourself out of the market.)
2007-03-07 22:33:06 · answer #4 · answered by ISOintelligentlife 4 · 0⤊ 0⤋
i'm always watching hgtv and it's always been said that granite countertops it's a great upgrade. your chances of getting people that don't like granite countertops is very slim but in the other hand the chance of getting people that like retro countertops are much higher!!!
good luck!!!!
2007-03-07 22:33:17 · answer #5 · answered by ynra BTB 4-18-09 6 · 0⤊ 0⤋
Granite is a good choice. It's cheaper
than quartz and better than coriam.
And, it really could sell the house.
You never know what little detail
triggers the sale.
2007-03-07 22:34:42 · answer #6 · answered by kyle.keyes 6 · 0⤊ 0⤋
Probably. Granite is more eye appealing than Formica.
2007-03-07 22:38:41 · answer #7 · answered by badbill1941 6 · 0⤊ 0⤋
yes, kitchen is huge- we all know that. But I think that you should look at all avenues. Stamped concrete is a new trend and they can do a lot of beautiful stuff and its usually cheaper. If you really want granite and your flexible on color look at leftover/mess up pieces, or tile. personally, i dont like tile. there are a lot of choices when upgrading from 50's yellow...
2007-03-07 22:34:51 · answer #8 · answered by kaminskisb 1 · 0⤊ 1⤋
Absolutely!
2007-03-08 00:11:13 · answer #9 · answered by tgfann 3 · 0⤊ 0⤋
I don't like granite. I would do concrete and have it stained to go with the rest of the kitchen...I want to do that to MY kitchen! Good Luck
2007-03-07 22:35:37 · answer #10 · answered by kmoc123 5 · 0⤊ 1⤋