RS SIGNATURE KITCHENS NEWS • October 16, 2019
We recently read an article in Kitchen & Bath Design News magazine about real estate trends that impact resale and some of the points made were worth sharing.
- Millennials are a growing segment of buyers, especially at the starter-home level. For them keep technology and wellness in mind. For what still represents the largest segment, baby boomers, think homes with accessibility. (Interior organization features that make bending and kneeling obsolete.)
- A major kitchen remodel is still going to increase the value of your home and will certainly increase your quality of life while you are living there, but minor kitchen remodels show the highest return. Quick and easy face-lift if done by a professional. It might include cabinet refacing, new hardware, energy-efficient appliances, new countertops, sink and faucet and resilient flooring, paint and trim. You can have all of this done without taking on a major construction project.
“In general, buyers are looking for a clean look, with a focus on storage,” observes Lennar’s Spousta-Hinshaw. “They want large, open gathering spaces – usable spaces. Formal spaces aren’t as necessary or desirable.” Whenever possible, those indoor gathering spaces should connect to the outdoors, even for smaller condos and townhouses, she adds.
- Experts are seeing luxury buyers lean toward contemporary designs with clean lines and stone finishes with a sleek feel. It was noted that they are not willing to sacrifice on durability and performance.
- Modern and transitional styles are most popular and help homes sell faster.
- Floating shelves instead of upper cabinets allow you to make a statement wall out of a backsplash to enhance smaller spaces.
- Maximizing space is important- magic corners and full-height, walk-in pantries in order to keep everything within arm’s reach.
- As for color, white is still it when it comes to resale. Shaker-style cabinets still rule, but there are some cost-effective contemporary options that have matte, textured flat and glossy finishes that are becoming popular.
- Quartz has become the go-to surface.
- Large pendant lighting
- Lighter-colored granite and darker cabinets with gray undertones versus warmer red tones
- Organizational features like built-in trash receptacles, walk-in pantries, counter-top USB outlets and pull-out drawers for pots and pans
- Bigger islands for more gathering space,often covered in quartz like the rest of the kitchen
- Indoor living spaces designed to be connect to outdoor areas
If you’re thinking return on your dollar, avoid over-improving a kitchen with designer brand tile, counters or appliances.
While kitchen improvements often drive a buyer’s decision on the purchase and how much they will pay, which features they are willing to pay for and how much is a conversation to have with your kitchen designer before you make your selections. “
Click here to read more about Real Estate Trends Impacting Kitchen Design.