Ready to place your home on the Triangle Market?
Let’s start in the kitchen. . .
While a full luxury renovation of your kitchen is not often “money well-spent,” clients in all price ranges look at the kitchen as a the most important living space in a home.
“Concentrate on a midrange upgrade to your kitchen instead, replacing cabinets, countertops and flooring as needed…”
Your trusted Real Estate Broker will be able to guide you, using your unique market analysis and knowledge of the prospective buyers in your area to determine the next move. Many times (depending on the area and price range of home), we work with agents and their buyers to achieve maximum impact in the remodeling process.
Here are a few tips and tricks you may want to consider.
Assess your cabinet situation.
If your cabinets are real wood or in excellent condition, they may be able to be refinished or painted. We typically finish all the ends of our clients cabinets with 1/4 paneling or beaded board, add heavier or nicer crown molding/ light rail and paint the cabinets a fresh, appealing color (neutral/warm grey or white). If the cabinets are poor quality or in need of serious repair, we quote a budget-friendly (all wood) cabinet line that will save the seller money but offer an updated and desirable look to a potential home-buyer.
While we don’t advocate for granite or marble countertops to be added to cabinets in distress, most buyers in our market have come to expect this addition as a minimal update in the kitchen. Choosing the right color scheme and appropriate type of stone for the house is extremely important. Our company offers stock stone that is lower cost but in an appealing color palette. Most people are tired of seeing New Venetian Gold. Other materials such as quartz or marble may be appropriate in certain markets/ price ranges. This factor also depends on the style of home (contemporary, mid-century, transitional, etc).
I am quick to remind our clients that backsplash is the first thing a potential buyer actually sees in your kitchen. It is, after-all, in a vertical application, unlike your countertops. Sellers tend to want to place a standard 4″ granite backsplash in the kitchen to save money, and I do not suggest this as an option. A nice, neutral subway tile (not stark white and boring nor busy and distracting ), is a great way to add immediate interest to the kitchen. I tend to prefer unexpected tile sizes (2×8 or 3×12), as apposed to square or 3×6, as it lends interest and grabs the potential buyers attention. If adding backsplash is not an option for the price-range, consider leaving the splash off altogether, so the potential buyer can add this later.
Paint and flooring.
Paint is a must. Consult your real estate agent, stager or Houzz.com to learn the current trends, while staying extremely neutral. Your agent will remind you that a potential buyer needs to be able to “see themselves” in your home. As for flooring, this will depend on your current situation. If the flooring is able to be buffed or re-finished, we always recommend this. If you have linoleum, consider adding a “hand-scraped” snap together option at the very least. Darker colors of laminate flooring resemble real wood more closely than their lighter counterparts. In higher price ranges, the addition of hardwoods may be the best option, especially if hardwoods are in adjoining rooms. These can easily be finished to match existing flooring.
Hardware and fixtures.
There are many sites that offer hardware at discount prices such as myknobs.com for selections that are more up-to-date than a traditional “big box” stores. The prices are excellent and the impact is huge. We offer our clients stock options for sinks and faucets that are both popular and price-conscious. As for lighting, I almost always suggest LED recessed lights for the kitchen. You can plan to spend approximately $150.00 per light (includes installation and fixture), but the simplicity and additional light it offers pays off in the end.