Property: Renovating the kitchen can add value to a home
Whether homeowners are planning to sell their property immediately, or they’re updating their home for a future sale, they will be looking for ways to add value to their house in order to get the highest price possible. Experts at architecture firm, Gpad London Ltd., say homeowners could increase the value of their home considerably by revamping their kitchen. According to the company, a renovated kitchen can up the price of a home, and it can be done on a relatively tight budget as well. The company worked with designer Julian Preto, who redecorated a kitchen for £5,350, complete with a new worktop costing £1,350, and a new oven, hob, sink, taps, handles and accessories, which came up to £4,000.
Property: Revamping this room in your home could add value by up to £33,000
Speaking to Express.co.uk, he revealed that a £3,000 investment in a new kitchen could add up to £10,000 to the price of a property.
He said: “Conservatively, an investment of £3K in your kitchen can add around £10k to the property. Importantly, it improves curb appeal and I think it’s an essential consideration for those looking to sell in the near future.”
According to Improvementloans.co.uk, a new kitchen can add between 5 and 15 per cent value to a home.
The average house price in the UK was estimated at £226,798, so a new kitchen could increase the value of a home by up to £33,000 which is 15 per cent of this price.
Property: Experts say a new kitchen could add £33k to the price of a house
So how can homeowners decorate their kitchen in the best way and on a tight budget?
Charles Bettes, managing director at Gpad London Ltd. said the key when redecorating a kitchen is to be practical and plan “down to the most minute detail”.
He said: “It’s tempting to focus on how you want your kitchen to look, however thinking practically will make it more enjoyable to use. Think about what you use the most and in what way; prioritise the essentials and arrange your appliances accordingly.”
He added: “For a tiny kitchen, pre-planning down to the most minute detail is essential. Note down the height of things such as cereal boxes, glasses and appliances, and make sure cupboards and shelves can accommodate them. Also think about socket locations and the number you need – you tend to need more than you think you will.”
Property: GPad London Ltd. worked with a designer to renovate a kitchen on a budget
Property: They managed to transform the kitchen with £5,000
Storage is another important factor when it comes to redecorating a kitchen. When items are stored away neatly, potential owners will be able to see the true beauty of the kitchen space, as well as be able to work out how they’d navigate the space.
Charles continued: “Storage is key in the kitchen. In a compact one, shelving above worktops is often preferable to cabinets, as it gives you fully functional workspace below. You run the risk of it feeling claustrophobic if you have full depth cupboards above a worktop. Shelves also allow you to have fast access to items you need all the time; glasses, crockery and so on.
“If your kitchen is an awkward shape, you can square the room off with custom storage. Creating floor-to-ceiling storage may seem counterintuitive but it can result in cleaner lines and you will be able to hide any clutter and less attractive kitchen appliances.”
According to Gpad London Ltd. lighting is crucial when it comes to redecorating the kitchen.
They advise homeowners to keep the tones bright in the kitchen, with light coloured paints and lights cheaply available from DIY stores.
Property: The experts advise homeowners to opt for good lighting
Property: Homeowners can renovate their kitchen on a low budget
“Opt for a light colour scheme, and keep it consistent through walls and cabinet doors. This will make natural light reflect off the surface and make it feel more spacious. You don’t necessarily have to go for white or cream; any pales, such as blues or greys work equally well,” Charles explained.
“Alternatively, if your kitchen is tiny, go bold and creative Lighting can really define a space. Designer statement lighting will bring character and a focal point to an otherwise minimal space.”
The terrace house – which is located in Durham City, North East England – has three bedrooms, an open plan kitchen/dining area, a downstairs water closest and a huge master bedroom.
However, buyers should beware of its low price tag.