Easy improvements to improve your property’s value
South Africans love cooking and eating. With a competitive property market, it’s important to set your house apart from the rest. It’s a well-known fact that kitchens and bathrooms are the rooms in the house that unlock the most value to a property. By getting this right, you’re able to drastically increase your home’s value. Whether you’re looking to rent your property out, or sell your home, the kitchen is a good place to start if you want to entice tenants or buyers.
As Sandy Geffen from Sotheby’s International Realty South Africa states, “simple measures like a fresh coat of paint and replacing dated taps and cupboard handles could make a significant difference to the final sale price as well as how long a property remains on the market.”
Cabinets and counters
Kitchen cabinetry can get expensive. While it may seem tempting to rip all existing cabinets out and replace them with shiny new versions, this may not be the best way to go about it. A lick of paint and new door handles immediately increase the overall feel of a kitchen. One area in which it may be wise to invest a bit more, is in counter tops. Hygienic and solid counter tops go a long way in improving the style of a kitchen, with several more cost-effective options available. While granite used to be king, we’ve seen a few interesting new materials being utilised in this high-use area. Examples include wood (butcher blocks); quartz; tiles; and cement. Be sure to weigh up the investment in material to the value of your property.
Fixtures and fittings
One of the fastest ways to increase the appearance of a kitchen, is by improving the lighting. Warm, ambient lighting will do wonders for this room that is too-often plagued with fluorescent tubes. Similarly, new taps and door handles can vastly improve the feel of quality in the kitchen. Don’t get too fancy, though: stick to classic styles that will appeal to more tenants or buyers.
This is probably the most obvious aspect of improving your property’s value. Kitchens are notorious spill-areas, with crumbs and coffee oftentimes finding their way into little corners. Be sure to clean all surfaces prior to showing the property. Infamously messy, is a built-in oven and drains. While it’s a small job, cleaning it can do much to entice buyers.
Depending on the type of property, you might want to consider breaking down some walls. Open-plan kitchens are all the rage, with many buyers being scared off by boxed-in, small spaces. This can be especially helpful in small homes or apartments, since it can create an overall impression of space.
Less glamorous, but no less important, ensure the kitchen is structurally sound. This rule applies to all rooms in the house, but is more apparent in high-use areas. Cracked tiles and walls can hurt the value of a property, with many buyers not looking to spend too much of their time or money on structural damage.
Space comes at a premium, leaving many tenants desperate for storage. Make your property more attractive for the rental market by ensuring your kitchen has enough cabinets and drawers. Adding an inexpensive kitchen island does wonders for creating both storage and workspace – something tenants are willing to pay for.
Sotheby’s International Realty, The Spruce, Entrepreneur, This Old House