Sept. 19,2020Hard to imagine we are almost finished with 2020! What a year this one has been. BUT the one thing that has remained to be strong and steady is the housing market. Especially here in
To Sellers Its Time To Face That Dated Kitchen
DAILY REAL ESTATE NEWS | THURSDAY, NOVEMBER 10, 2016
For home owners who are putting their house on the market, they may want to take a closer look at their kitchen. It can become a deal-breaker for buyers.
“Dated kitchens—just like bathrooms—are a major barrier for resale,” says Michael Shaw, leader of operations at Centennial360, a custom home builder and renovation contractor in Saskatoon, Canada. “Buyers want modern amenities and styling, and most aren’t interested in renovating post-purchase.”
For landlords looking to rent out the space, the same applies too.
“Renovating your kitchen can make the home more appealing and allow it to command a greater rental price,” he says.
But kitchen remodels are known for being pricey. Even a minor upgrade could cost upwards to $20,000. Rest assured, not all kitchen redesigns have to be expensive. A few strategic kitchen renovations can make your money stretch and still have a big impact, all for under $500.
For example, painting the cabinets white may make for a modern redo. The cost of the paint will be about $150 for the cost of the paint. Add in about $100 more for new cabinet hardware and the kitchen can take on a drastically different look for under $300.
A new backsplash may add more style to the kitchen space too. For example, a mosaic subway tile may add more of a modern twist. One company called SimpleMat can help DIYers install a backsplash without the use of mortar too. The cost is about $170.
Take a look at the kitchen’s lighting too. Buyers love bright spaces so make sure there is ample light. Also, consider adding an LED undercabinet light to add a glow onto the kitchen cabinets. The cost is about $40.
For a really dated countertop, home owners may be best off spending the money to replace it. Quartz is especially on-trend nowadays. Or in a pinch, home owners could try a top coating over their current countertops. Rustoleum’s Counter Top Coating is about $40 for a tint-base.
Need more ideas? Check out these resources from REALTOR® Magazine to gather more ideas about sprucing up kitchens for less:
Source: “7 Signs Your Kitchen Is Way Overdue for a Remodel,” realtor.com® (Nov. 10, 2016) and “Before & After: A Fresh Kitchen Makeover for Under $500,” Apartment Therapy (2016)
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