Most articles on the topic of renovations increasing property value will bombard you with a litany of statistics. However, a much more interesting question is why a new kitchen can offer so many cost benefits. The answer involves an intertwining narrative of culture, psychology, and good, old-fashioned common sense. Here are the main reasons why the eyes of buyers will be drawn straight to the kitchen, and how you can use this to add value to your property.
Most buyers are looking for a long-term investment. This might be in the form of a home that can be inherited by children, an asset that can complement a portfolio, or a launchpad property. As such, attention is paid to elements of your property that offer both durability and long-lasting value. The kitchen is one of the only spaces where this can be significantly upgraded. For instance, opting for natural stone countertops will instantly introduce a valuable material with established quality and timeless appeal. The same is true of hand-crafted wooden cabinetry, or bespoke kitchen flooring, both of which combine luxury with excellent return on investment.
The question of whether renovations increase property value hinges on quality. The market can sometimes feel crowded with beautiful kitchens. However, take a look below the surface and it’s often very easy to see the tasteful dissolving into the tacky. The only solution for adding value to a property is authenticity. Real, trusted, quality design that is built from the heart and crafted by generations of skill will always look and feel unique in a sea of disappointing ‘not-quite-good-enoughs’. True craftsmanship needs no introduction or explanation. It speaks for itself. As such, your kitchen can make a personal statement that silences the competitors.
The 3D assisted phase of bespoke kitchen design can pay long-term dividends. With advanced technology, you can tailor your space to perfection, and this is something more profound than simple aesthetics. A bespoke kitchen will be architected for effortless functionality, ensuring that the space is as efficient as it is discrete. The overarching notion is that a bespoke kitchen flows as a continual experience, an exercise in ergonomics that typically embraces everything from the latest appliances to smart storage solutions. The inherent logic and practicality have their own timeless appeal that instantly communicates with high-end buyers, adding value to a property.
Rightmove states openly that well-thought-out kitchen design can add value to your property. Zoopla positions bespoke kitchen makeovers at the top of its guide to improving a home in 2024, agreeing with Property Investor Today. The independent JKMR 2023 Overview Report of the UK Fitted Kitchen Market shows that the market value has risen by a comfortable 9%. Importantly, JKMR notes that the value of the kitchens continues to rise, and that the Gen Z buyers are pushing for an “eclectic” take on the traditional kitchen vision. As such, there has never been a better time to steer well clear of the off-the-shelf option and embrace the value opportunities of the bespoke.
To explore the beautiful, hand-crafted options that are waiting for you, book a design consultation with Drew Forsyth Today.