Adding value to a property portfolio is always an excellent investment. Choosing what will create the most buyer appeal often requires a little thought and sensitivity. In many cases, a bespoke kitchen has been shown to increase property value. Today, we explore how and why this is.
Appealing To Your Buyer
If the properties in your portfolio would benefit from a dose of the good, old-fashioned wow factor, the kitchen is the obvious choice for investment. As the space where both family and guests intermingle, the kitchen is the focal point of any property. As such, the design of the kitchen is a significant mouthpiece for the purpose and vision of the home. Custom kitchen units can be tweaked to appeal to professionals, families, or the upwardly mobile. If you have a particular buyer in mind, we can guarantee that there will be a bespoke kitchen to draw and hold their attention.
Return On Investment
Bespoke kitchens have been shown to improve the selling price of a property by between 5-6%, and studies show that 16 to 140% of renovation costs are expected to be regained if the property has a bespoke kitchen installed. The reasons for this are quite simple. People are attracted to properties that are unique rather than off-the-shelf. As such, installing a run-of-the-mill kitchen sends an instant message that you are selling a run-of-the-mill property. Contrastively, offering a bespoke kitchen immediately communicates luxury, relaxation, and indulgence.
Getting One Up On The Competition
A neat and innovative way to set your property apart from the competition is by installing a custom-designed kitchen. You may not be able to do much about the bricks-and-mortar of the building, but you can certainly add value to the property by transforming the kitchen into a statement piece. The buyer can personalise other rooms relatively easily with a splash of paint, but kitchens are something else altogether. If they fall in love with a bespoke kitchen that is designed to appeal to their distinct target market segment, your property may quickly establish itself at the top of the list.
Quality And Energy Efficient
Energy efficiency will always increase the value of a property. This is where bespoke kitchens can pay dividends. Built from high-quality materials, and created to last, they are a highly sustainable option for households. Furthermore, bespoke kitchens incorporate appliances with A+ energy ratings, which can help the kitchen add value to your property. These selling points are the cherry on top of the already highly desirable luxury of a bespoke kitchen, making them an instant hit with buyers and net-zero designers alike.
What Next?
To learn more about your investment and portfolio development opportunities, please contact the team at Drew Forsyth today
