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  • How to renovate your kitchen to add value

    How to renovate your kitchen to add value

    Did you know that when done well, kitchen renovations can increase a property's value significantly?

    The kitchen has become the heart of the modern home.  We don't just cook in it - it's a place to gather, do homework, eat meals and entertain.  A well-designed kitchen can really add value to your home.

    As a general rule you shouldn't spend more than 4-6% of your property's total value on a kitchen renovation.  And when it comes to scale and cost, the kitchen should reflect the rest of the home.

    To add value to your home, keep these kitchen tips in mind:

    Floor plan

    These days open floor plans - where the kitchen opens into a living or dining room - are in high demand.  Open plan spaces improve the flow of a home and allow more natural light in.  With the kitchen increasingly becoming a central hub in the home, removing walls can create a larger workspace plus more functional living and entertaining areas.

    Colour palette 

    For long-term value - simple design, clean lines and light natural colours are the way to go in a kitchen.  Avoid flamboyant features and colour palettes which can date a kitchen and have detrimental effects when trying to sell a home. 

    Light colours will make the room look more spacious and open - many people like white kitchens for this reason.  White kitchens are also timeless, which is important if you are trying to add value to the home.

    Benchtop 

    The benchtop is one of the first things you notice when you walk into a kitchen.  Choose a quality stone finish for this high traffic surface to ensure longevity and create a wow factor.  Stick with the more affordable granite and manufactured stone if you are looking to add value to your home.

    Appliances 

    Old appliances date a kitchen and turn people off so spending a bit more for new ones can be worthwhile.  Select quality brands, always find space for a dishwasher and consider energy-efficient appliances in modern finishes.

    Storage 

    Plentiful, practical storage is a must in any kitchen.  It gives you the ability to clear clutter from benches, freeing up valuable space for cooking and entertaining.  Plenty of pantry space, ample refrigeration and concealed garbage disposal units are other great ways to keep your kitchen neat and tidy - a must when trying to sell a home.

     

    About the author

    • Raymond

      Raymond A Ram is the RAMbassador for RAMS Financial Group. Raymond works with the RAMS team to bring simple, helpful and expert information on home loans and savings accounts to life with his down to earth and cheeky personality. He enjoys seeing everyday Australians turn their dreams of saving for a goal or getting into a home a reality. 

      Growing up in Goulburn, NSW, Raymond was brought up with good old-fashioned Aussie values of hard work and a fair go. It soon became apparent that Raymond wasn't content for the conventional path of grazing, producing the very best wool, and finding a nice sheep to settle down with. So it wasn't long before his passion for performing and his talent as a likeable larrikin shone through - landing him a few roles such as 'RAMlet'. He was even tipped to play RAM-bo at one point but chose to become star of the small screen instead as RAMbassador for RAMS. He now finds this role so much more rewarding.

      Contact your local RAMS Home Loan Centre about your home loan options.

      Raymond A Ram
     

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  • Disclaimer:

    The information here is of a general nature only and is not intended to constitute financial or tax advice. You should consult your professional adviser, accountant or taxation expert for advice specific to your personal circumstances.