Add $50,000 to the value of your property?


Add $50,000 to the value of your property?

Small Kitchens, Medium Kitchens, Large Kitchens, Custom Kitchens

Does changing your kitchen add value to your property?

A kitchen is more than a cooking space, it is a gathering point in many a home, especially for families and people who like to entertain. While there are no figures specific to New Zealand, in Australia a kitchen remodel can increase a property's value as much as AUD $50,000 to $60,000.
The bad news is kitchens can be expensive. In New Zealand, a basic kitchen remodel can range from $10,000 to $30,000, so research the current value of your home and how much you can sell it for with a redone kitchen.
It may turn out to be more cost-effective to do minor work such as repainting, changing the cupboard doors and handles, and installing new work surfaces, rather than a full gut and refresh.

This article was originally published on Stuff and is written from a real estate perspective - click here to read the original article in full.