New kitchen = increase value of house?

Slinky

There are companies that will replace doors and drawer fronts and worktops if needed, keeping the existing carcasses, which means less disruption and it's cheaper. They could also supply a matching cupboard for the gap.

Tancred

DominicJ wrote: »

In a word, no.
As others have said, all that really makes a difference, is fixing something structural, extending (although not a conservatory, unless its a huge one) or, tidying.

At the end of the day.
Why would I buy a £133k house you've added a £5k kitchen to for £143k, when I could buy my own £133k house, add my own £5k kitchen and pocket £5k?

Ikeas good for pricing stuff up

I would disagree. Houses with rotten old kitchens from the 1970s will not be easy to sell, whereas a house with a top quality modern kitchen will certainly add value. You forget the hassle factor of having things installed etc, it's not all about money.

witchy1066

Tancred wrote: »

I would disagree. Houses with rotten old kitchens from the 1970s will not be easy to sell, whereas a house with a top quality modern kitchen will certainly add value. You forget the hassle factor of having things installed etc, it's not all about money.

look at it from another prospective,

I don't care how much the seller has just spent on that hideous new kitchen , its not to my taste, I don't care if its top of the range , I hate it , first thing I will be doing is rip it out , and before you ask , NO I can not live with it , :rotfl::rotfl::rotfl:
I would rather buy the house down the road that has the older looking kitchen but is 6k less , :rotfl:

if its not all about money , why would a seller want to spend £££££ on a new kitchen in the hope it will get the buyer to pay more ?

Fraise

I've always read on property forums and in articles that it's the bathroom and kitchen that helps sells a house :think: besides the road and location, of course.

I think unless a kitchen/bathroom is done up in gaudy colours, then providing it is modern, clean and in good condition, then it must be a selling point for the mere fact you can live happily with it even if it isn't to your own personal taste, until (or if) you decide to change it. Whereas if the kitchen/bathroom is old, tatty and grubby, no-one will be happy in it.

If a house has an old rotten bathroom/kitchen in dire need of replacement, I would say it could knock thousands off the asking price. Don't forget, some bathrooms can cost up to £10k to replace and kitchens even more.....so people will probably barter down by thousands if they are in need of replacement.

Ivana_Tinkle

I always think with these types of questions you need to remember that this is a Moneysaving site! None of us would pay more for a swanky new kitchen, but it's always been my experience that plenty of people will.

It depends on the property. If you buy the worst house in a good street and refurbish it nicely then you can massively increase the value without doing anything structural. If you buy a house that's already in reasonable nick and replace the kitchen just for the sake of it then obviously it won't make any difference.

jellie

If I was looking to buy a house and viewed one with a tatty old kitchen, unless I was specifically looking for a property to do up, I would wonder why they hadn't already replaced it, and what other maintenance they hadn't done.