Over the last few months, home owners and those looking to get on the property ladder have seen a huge rise in house prices – to the extent that the government is getting worried and is looking into ways of avoiding a crash like we saw a few years ago. However, if you are looking to sell, now is the time to do so and making the most of increasing house prices could be achieved through doing something as simple as adding replacement kitchen doors.
Increasing house prices
Figures released by the Office for National Statistics have indicated that house prices across the UK rose by more than 9% in April of this year and prices in London rose by twice that compared to the same month last year. This means that the average house price in the UK is £260,000 . Your home could also achieve a record price if you prepare your home for sale carefully. Adding a renewed kitchen could be the key to unlocking that potential.
Making your home saleable
When you are thinking of putting your home on the market, it is very wise to do all you can to make it as attractive as possible for potential buyers. A new kitchen is known to add £5,000 – £10,000 to the purchase price and if you could improve your kitchen for a fraction of this amount, you could get a substantial profit.
By simply replacing your kitchen door fronts and handles and leaving the layout, worktops and tiling as it currently is, you could have a substantially improved kitchen for just a few hundred pounds. Plus the work can be done in a weekend, allowing you to get on with house viewings and making the most of the rising market.
When people decide to buy a new house, it is rare that they will have the funds to redo the kitchen. Moving is an expensive business, and huge deposits are required for mortgages, so presenting a finished home to your buyers is more important than ever. A replacement kitchen can really offer a great first impression to your purchasers – making sure that they remember your property over all of the others they see.
Appealing to the right buyer
But what type of kitchen is best for attracting a buyer who is willing to pay top dollar? It is wise to keep the colours and styles neutral while insisting on high quality. Plain slab fronted gloss doors in white, creams and beiges are a great option. This style will appeal to most people and it also looks very high end.
If your main market is families you may wish to try a wood-grain finish which looks stylish but is easy to keep clean and is timeless. Families will be looking for practicalities and will also appreciate an eat-in kitchen – so the addition of a breakfast bar or table area will really add to the appeal of your home.
Of course, maybe you just want to “wow” your buyers with something cool and funky. Choosing a fashionable colour such as black or aubergine will result in a narrower market when it comes to selling, but you will attract a certain type of buyer. Young, urban and probably professional. These people will pay a premium for something with a luxurious feel – even if you know that you paid a fraction of the cost of a high end kitchen.
So, it is wise to make the most of this burst of property selling and get your home sold as quickly as possible. The bubble is likely to burst at some point and if not, the government will ensure that these high prices slow down or reverse by making it harder to get mortgages or by increasing housing supply. Either way, now is the time to get in your kitchen and make it saleable with replacement kitchen doors.