Tag Archives: real estate
Kitchens Sell Homes
One of the biggest obstacles to overcome in successfully selling a home has to be an outdated kitchen and/or bathroom. Real estate agents and for-sale-by-owners always have this problem in a buyer’s market when the market is saturated with other homes for sale. People want the best deal possible so if a similarly priced home is available in the area and has a better kitchen and bathroom, that is the home which will move first. When your kitchen is outdated, you could sit on the market for months and months and face price reduction after reduction.
The truth is, if you put in the effort to have your kitchen updated, you will usually sell at a much higher price. Without the upgrade, you will sell much lower. And the difference in between can be catastrophic for many sellers. The amount of money you pay for an upgrade from A Classic Kitchen Front is usually much less than what you would lose without an upgrade. And you would likely make your money back with a higher selling price.
While traditional kitchen upgrades can be extremely costly, A Classic Kitchen Front provides INEXPENSIVE solutions for entire kitchen remodels which are a fraction of the cost for traditional kitchen makeovers. Really!
Example*:
Two Homes: same style, same neighborhood, same year build, similar SF, acreage and number of bedrooms and priced according to the market.
Home A
No Kitchen Upgrade
List price: $300k
After 8 months and several reductions, finally sells at $250k
$50k Loss
Home B
Kitchen Upgrade From A Classic Kitchen Front -$7k** (What? Did you think it would be $50k? Not with us.)
List Price $300k
Sells in 2 months at $315k
+8k Gain
The point is, you stand to lose MUCH more without an upgrade. Conversely, you should sell at a higher price point when you upgrade, getting back the cost of the upgrade.
*This is just an example and actual selling prices will vary from homeowner to homeowner.
**The cost of a kitchen upgrade from A Classic Kitchen Front will vary according to kitchen size.
Home Buyers Prefer an Upgraded Kitchen
The main room in any home is the kitchen. It is the focal point and the selling point of the home. You can have a wonderful layout and be in one of the best neighborhoods, even have the home priced at fair market value, but if your kitchen still looks like the last upgrade was from the 1970′s, you might find it difficult to sell your home.
The reason why is because home buyers look at an outdated kitchen as a huge expense. They see it costing them huge bundles of money down the road for the inevitable upgrade. And then what happens? They pass on your home, even though it has everything they are looking for, to buy that other home with a newer kitchen. Yes, kitchens are THAT important.
So what do you do if you don’t have $50k laying around? You call A Classic Kitchen Front prior to listing your home in the market. We provide custom kitchen cabinet refacing to upgrade your kitchen at a fraction of the cost of traditional kitchen makeovers. We can actually create your dream kitchen. You may even end up wanting to stay rather than sell it. I digress.
This new kitchen update will also only take days as opposed to weeks or months. This means that you can have your house on the market immediately after your initial contact with us. With an upgrade such as cabinet refacing, the buyers will think you spent vasts amounts of money and your home will look extremely attractive to the right buyer. You will beat out the competition and you could get a higher bid price.
So what are you waiting for?
