When it comes to resale value, it’s no secret that kitchen and bath updates can make a large impact. Therefore, in preparation for the remodel process, many homeowners want to know whether it makes financial sense to replace their countertops.
If you’re planning on putting your home on the market within the next few years, a real estate professional can help you determine which options will get you the most bang-for-your-buck; however, the following considerations can be made in advance to help you along the way.
1.) CONDITION OF YOUR CURRENT COUNTERTOPS—If your goal is to reap a large return on investment, then it doesn’t always make sense to replace neutrally colored countertops in decent condition. On the other hand, if they look dated, are stained, or are in generally poor shape, many potential buyers may be put off since new counters represent a sizeable expense. New countertops, while possibly costly, will make your home more acceptable to more buyers, which is worth a lot in the end.
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2.) WHERE TO PUT YOUR MONEY—If you have to make a choice between replacing the countertops in your restroom versus your kitchen, it’s important to consider which area will produce the largest resale value. In short, the kitchen is the hub of many homes since families frequently spend a lot of time there. Because of this, potential buyers pay a lot of attention to various kitchen details and amenities, which comes in handy when they’re looking for updated, clean countertops.
While bathrooms run a close second, they generally fail to produce the same returns since conversation and social activates take place elsewhere.
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3.) MATERIAL TYPE—When making a decision about what type of material you want to have installed, it’s important to make sure that your choice fits with the overall décor, especially if you’re planning on marketing your home within the next few years. Go with something versatile, yet attractive—preferably in a neutral color. Go for something mainstream—not too trendy—and don’t be afraid to consider less expensive options.
SUMMARY
Be smart about your choice. Opt for something that not only enhances the overall look of your kitchen or bathroom, but something that will remain in style for years to come. From there, don’t be afraid to speak with a real estate professional who can help you understand where to place your money and what types of benefits may be available in the future.
