Everyone knows that kitchens and bathrooms are the holy grail of home renovations. Not only do they tend to be the most costly, but they also tend to earn the most bang for your renovation buck. This blog is focusing specifically on what renovations are best for resale, so if you're the type that plans to live and die in the home you're in, this may not be the place for you. This largely because renovation for resale will favour compromise over comfort, and neutral over personal. So let's just dive right in.
You have to remember when you're doing the kitchen, that recouping money from upgrades that you put in, can be difficult task, which is why it's important to select finishings at a minimal cost, and be sure that they are appropriate and appealing to the market in your neighbourhood. If you own a home in Aspen Estates, don't put in laminate counter tops. If you own Real Estate in Forest Lawn, don't put in Italian Slate. Granite is one such thing I can think of which can be very plain and basic. I can tell you from my own experience in helping people purchase Real Estate in Calgary, that granite is granite, is granite. Don't blow your budget on getting the finest stone the store has to offer with all kinds of expensive cuts. Just get a simple neutral and cost-effective installation that will be practical and neutral.
When it comes to all the high end gadgetry in the kitchen, such as infared heating lamps, and faucets that turn on with a touch, well, you may enjoy them for use with you and your family, but, on the whole, you likely won't see your costs out of such choices on resale.
Hardwood is another item that one can easily spend too much money on. If you are planning to sell Real Estate in Evergreen Estates, go for the Brazilian cherry wood. If you've got Real Estate in Evergreen, maybe just get the maple. Hardwood is one of those things where the value is pretty set, no matter which type you get.
Stainless steel appliances are really in right now, and if you're doing a renovation, I strongly suggest you go with stainless if it will work with your budget and your kitchen. However, in most cases, buying the top end of professional appliances will not yield a higher return. The only time when it's appropriate to buy the professional suite is if you're renovating Real Estate in a Calgary Estate area, in which case, it more of an expectation, rather than an upgrade. In many cases, not having the high-end appliances in those areas will negatively affect the property.
Kitchens, in most cases, are the most personal area of the home. Don't be afraid to add your own flair to your space, but don't overdo it for your neighbourhood. I'm always glad to go out to look at your space and help you decide on what renovations would be appropriate for your neighbourhood. So don't be afraid to give me a ring if you're in need of a second opinion.
Until next time...
The Vanderveen Team
Maxwell South Star Realty
Phone: 403.253.5678 Fax: 403.592.6736