Fixing up the kitchen is usually a great idea when you’re trying to make your home more attractive to potential buyers.
But there can be times when it’s more trouble than it’s worth to go beyond the basics of cleaning and polishing. If you make the wrong decision, your attempt to make your house more marketable can actually backfire and detract from its value.
Here are a few instances when it’s probably better to save yourself the time and the effort.
You’re In An Older Neighbourhood
In many houses, newer appliances and a newer look are a big positive for buyers, but in an older location, a kitchen with a few years under its belt can actually be part of the charm of the house.
If that’s the case, updating the kitchen can remove a large part of what makes the house attractive to potential buyers. If you put in some high-tech modern updates in, you’ll end up losing money twice: once on the renovation and once on the decreased price on the sale of the house.
You Have More Pressing Needs
A great kitchen is a big part of making buyers fall in love with a house.
But even the greatest kitchen in the world isn’t going to do a thing if the bedrooms are in dire need of maintenance.
It’s fine for the kitchen to be the best part of the house, but it can’t be the only good part of the house if you have any hopes of an offer coming anywhere near your ideal sale price.
If you’ve got a good kitchen that could be great, but a below average living room, direct your resources and your efforts toward getting the living room up to the level of the kitchen rather than lifting the kitchen up to an elite level.
You Just Can’t Afford It
One of the most important rules in real estate is to never bite off more than you can chew.
Just as it makes no sense to buy more house than you need, it makes no sense to do a renovation that you cannot afford in the hopes that you’ll make the money back when you sell the house.
It’s a big punt.
Sure, a new kitchen might earn you an extra $15,000 from the buyer, but if it costs $12,000 that you don’t have at the time to make it happen, is it really worth the stress and financial pain that you’ve got to go through for the possibility of an extra $3,000 that might or might not happen?
It’s far better to take less for the house and do what you can afford than to overexert yourself in the hopes that a move based on speculation will work out.
It Changes The House:
Sometimes, you can’t make a change to one room without affecting multiple rooms at the same time. Many people don’t realise this.
If the house’s design means that you don’t have space to make a major change in the kitchen without spilling into the dining room, that means you’ve either got to fix both rooms or leave both of them alone.
The last thing you want to do is solve one problem and create another at the same time, because then you’re right back where you started, with less money and time on your side to help fix the issue.
Renovating a kitchen can be a great way to make a house more marketable, but sometimes, all the kitchen needs is a little bit of scrubbing and mopping to get it looking its best.
If you’re not sure if a renovation is right for you, it’s often best to take a step back and make sure you’re making the right choice before you plunge into a project in the hopes of making a sale. If you’re not totally convinced you’re doing the right thing, it’s probably a sign that there’s a better way to use your time and resources.