I live in a 1 bed prosaic in Balham South London as well as have a tiny ships kitchen kitchen. At a impulse a kitchen is ok a small 80s. we was meditative of profitable to have it finished to demeanour utterly neat as well as complicated with brand new appliances. I’m not great during DIY so was starting to have a total lot finished professionally.I’ve been quoted around £6K. What we do not wish to find is we compensate all which to have a kitchen as well as do not unequivocally have which most some-more when we come to sell a house.
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You have to remember that your place will sell comfortably for the same amount as your neighbours. What I mean by that is that if his flat is worth £100K, then yours will be worth about the same. Putting in £6K however is not a large investment and it may raise the value of your flat by a little.
Two things it will definitely do for you:
1) Make you place easier to sell then your neighbours and maybe bump the value by £2K.
2) Provide you with a comfortable kitchen for the next while that you live there. Sometimes you have to do these things with you in mind and not what you will get out of it at a later date.
I am thinking of spending about $40K on my kitchen and the value of my home is about $300K. Will I get more if I sold it once the kitchen’s redone…yeah, maybe $10K more! Will I get satisfaction amd enjoyment out of it…most definitely, and how will my wife feel about it…don’t know but I am sure that that part will be priceless.
Cheers…Paul
In the U.S., kitchen and bath remodels are the highest ROI (return on investment) you can get. Both are in the 90% range.