According to research on the property market and the recent pandemic, homeowners are improving their homes instead of moving. Brexit also played a huge part in this with many sellers in London and the South being forced to drop their prices. Nearly twice as many of us currently believe that extending our property is a better financial decision in the long run than moving to a new house.
There are many ways that a homeowner can improve to their home, from building an extension to renovating their existing home, and many extending upwards via a loft conversion to add the most value to their property and of course adding a large kitchen.
Add a new kitchen to the home
With the kitchen being made as the main hub of the home, open-plan spaces have become much the focal point of today’s homes. Kitchens are no longer just a functional space to prepare foods, but a room where the whole family comes together to eat, drink, work and socialise.
Investing in this room should add value to the property, you can use the existing space and knock down walls to make an effective room or a better layout for you and your family. To ensure the kitchen renovation or extension adds value to your home, the kitchen design needs to be matched to the property’s value, this means both the layout and selection of furniture you choose.
For higher properties add a handmade bespoke kitchen with high-end appliances is a great investment. It will be enjoyed by the current owner, but if they were to sell, later on, a quality kitchen will be appealing to potential buyers, still functioning and not dating.
How much should you spend?
We ask ourselves how much we should spend on a new kitchen, with suggested prices that should cost around ten percent of the overall property value, but with properties sky-rocketing in recent years, this is no longer the case.
Due to the kitchen being one of the most important rooms in the home and most hard-working, invest in high-quality features such as the cabinetry, floor, appliances, lighting, and furnishings.
Create an investment for years to come
To improve or move is a dilemma most of us have experienced at some point. And while a move might not be on the cards, it makes little sense to spend lots of money on the property unless it can be recuperated at a later date with a higher house price leading to a quick sale.
There are some terms that are often used to entice buyers such as ‘handmade’, ‘hand-painted’, ‘bespoke’, and ‘luxury’, all making this type of kitchen sought-after at the top end of the property market.
There could be many reasons that you may have to move or improve, changes in lifestyle, jobs, schools, or just a different location. Think long term and invest in quality high-end materials and a classic design, where if you were to sell your property you know and they know money has been well spent.
If you would like to know more about our bespoke handmade kitchens contact us today – we look forward to hearing from you.
