When it comes to property value, one of the most important factors is the condition of the kitchen. A dated, worn-down kitchen can cause potential buyers to shy away from a home and negatively impact its market value.
On the other hand, a modern and updated kitchen can be a major selling point when you’re trying to increase your home’s worth. One of the best ways to bring your kitchen into the modern age is by investing in new appliances.
New appliances can be expensive initially, but they’ll pay for themselves in no time. Not only do they improve the look and feel of your kitchen, they also have several practical benefits as well.
Newer appliances are much more energy efficient than their older counterparts, which means lower electricity bills for you and a greener footprint for the environment. Additionally, you can usually count on newer models having more advanced features that make them easier to use and maintain than older models.
But do these new appliances really add value to your home? In short – yes!
A survey conducted by HomeGain found that people who invested in energy-efficient appliances were able to recoup 106% of their investment when it came time to sell their homes. That means if you spend $3,000 on energy-efficient appliances for your kitchen, you could potentially make an extra $3180 back on top of what you paid for them when it comes time to sell your home!
So how much does investing in new kitchen appliances increase your home value? The answer can vary depending on several factors such as location and quality of appliance purchased. However, studies have shown that investing in modern energy-efficient appliances is likely to yield positive returns at sale time and could potentially increase your home’s market value by up to 10%.
Conclusion: Investing in new kitchen appliances is a great way to update an aging kitchen and give it a modern look that potential buyers love. Not only that, but it also has practical benefits such as increased energy efficiency and advanced features that make them easier to use and maintain than older models. Studies have shown that investing in new energy-efficient appliances could yield positive returns at sale time and potentially increase your home’s market value by up to 10%.