4 Kitchen Remodeling Tips to Help Sell Your Home

The old saying that “Kitchens and bathrooms sell homes” may not apply to every home sale, but a well-budgeted and strategic kitchen remodeling and appliance upgrade project can be a deciding factor in the transaction while also adding to the selling price of the home. If you are contemplating a kitchen remodeling project that is purposed toward selling your home, following these guidelines can create a beautiful space that provides a return on your investment.

1) Set your budget in stone – The rule of thumb for kitchen remodeling projects is to limit the budget to 15% or less than the appraised value of the home. A budget that goes over this benchmark will likely result in diminishing returns for each additional dollar that is spent.
2) Upgrade your appliances – Old appliances will give the kitchen a dated look, even if cabinetry, flooring, and countertops are in good shape. Many home buyers perceive the appearance of the kitchen as a proxy for the condition of the rest of the house, with a particular focus on appliances.
3) Buy appliances that you will use if the new owners decide to bring their own with them – The appliances that you buy as part of the kitchen remodeling project may be coming with you, depending on the terms of the home sale. These situations are actually a win on two fronts with appliances playing a role in the sale and then going into your next home as well.
4) Focus on energy efficient appliances – An energy efficient kitchen will make a positive impression by offering modernized functionality, savings on utility bills and a lighter environmental impact.

A strategic kitchen and appliance upgrade project can increase the appraisal value while also being the deciding factor when buyers look at your home. Additionally, by staying within your budget you’ll have the potential to turn a profit on the money that was spent on the endeavor.