Would new kitchen make a big difference in price

Vicky123

I need to sell quickly but my kitchen is pretty desperate!
Not sure if I should try and sell without doing up or not, how much difference will it make.
I don't even know where to start if I do go ahead and would need to borrow the cost, everything would have to be done, floor, ceiling, units, tiling.
Also have some other work need doing, outside piping to drain for recently fitted shower room and side alley needs sorting out.
Other than that the rest of the house is very presentable.

I_have_spoken

how much difference will it make

To selling price, virtually none. A decent kitchen is expected in today's market, so there's no premium.

With all those 'to dos' you're selling the house as a "project", and buyers will knock you way down on price as a consequence.

A presentable kitchen could make the difference between not getting any viewings and making sale.

grizzly1911

Vicky123 wrote: »

I need to sell quickly but my kitchen is pretty desperate!
Not sure if I should try and sell without doing up or not, how much difference will it make.
I don't even know where to start if I do go ahead and would need to borrow the cost, everything would have to be done, floor, ceiling, units, tiling.
Also have some other work need doing, outside piping to drain for recently fitted shower room and side alley needs sorting out.
Other than that the rest of the house is very presentable.

If you are lucky they would really love it and it will be one less negative for the property.

You could spend a lot of money installing something that doesn't appeal to prospective purchases even though it may be one less job they have to worry about short term. It may not move things that far forward and you are further out of pocket

You could clean it up at minimal cost, get some indicative costs for complete renewal and adjust the price with prospective purchasers based on the estimates.

Why wasn't the shower waste pipe sorted when you had it installed?

DaftyDuck

Especially if you need to borrow the cost.... no, it's not worth it. Kitchens in particular, a purchaser can easily envisage - and price - what the want. They may knock the price down a little, but it wouldn't be cost-effective for you to guess what your buyer would want

ghosti

You ought to get the money back for the work done on the kitchen but i wouldnt expect to make any profit on it. The only difference it will make is to get more viewings and sell the house easier, as previously said

Guest101

I think you'd struggle to get your money back on it to be honest. If you fit a new kitchen, live there 3 or 4 years then sell on, some of the money spent have been earned back in your use of the kitchen. Brand new, maybe not to everyone's liking etc, id doubt it.

The same as if i bought a brand new car and offered with the house, I wouldn't be able to add the value i paid on the house

Vicky123

One estate agent has already been round and he has valued my house 30k less than a similar house a few doors up which is not in such a good position in the road with far less off street parking and a smaller back garden, what it does have though is an amazing kitchen and entire house done up in modern minimalist style. All the houses round here are done up within an inch of their life, so not looking to add any extra value just worried about losing so much in value.
Outside waste was going to be done by a different contractor and personal circumstances stopped this happening, so left unfinished, it would mean lifting patio up and whatever else was required ie pipes and labour.

Guest101

Well every area is different, are you willing to spend 15k?20k?25k? to do all the necessary work to bring it upto scratch, + the time spent organising, negotiating, the logistics of the operations. Just for what could be a few thousand profit, and a long wait before its even marketed?

and are you anywhere near stamp duty threshold, which would put people off anyway?

Vicky123

Would it be that much? I definitely couldn't raise that.
It's about 18ft x 12ft and it all wants doing.
Estate agent was urging me to do it, partly because the rest of the house is done and also all the flyers he brought were really done up, it's not what would normally be called a project because so much has been done already, brand new boiler, new windows, new electrics except kitchen.
It would be within stamp duty.
One builder that came round said he would leave it.

Better_Days

Could you post some photo's of the kitchen so we can get an idea of what the problems are? Sometimes changes can be made relatively cheaply so a buyer could 'live with it' until they can afford to replace. Also you could have a look in the small ads, ebay etc for second hand kitchens. People often take out perfectly serviceable kitchens when they upgrade.

lessonlearned

Agree with Better Days here.

I did a quick revamp on my kitchen before putting my house up for sale. I had been debating on whether or not to but then I had a small fire (don't ask:rotfl:) so had no choice.

I spent £700 in total, including the cost of a chippie.

New worktops, new cupboard doors, deep cleaned and regrouted the tiles. New lighting fittings and then repainted ceiling, walls and doors. A new kitchen table and chairs from a junk shop £20, which I painted cream, some herbs and plants on the window sills, a couple of new pictures and some new tea towels. Job done.

It looked pretty good and my purchasers loved it. They admitted that they would be replacing the kitchen at some point when they were going to build an extension but that they would be happy to live with it for a year or so.

All you need is to get your kitchen to a standard where your purchaser could move in and live with it for a while. Most people will replace a kitchen at some point anyway so it's pointless you spending several thousands, especially if you have to borrow money.

If you post pics on here you will get plenty of advice.

Check out https://www.betterafter.blogspot.com - loads of ideas and tips on there.