How much will a new kitchen add to house price?

[bamberger]

I'm trying to sell my house for �280k but no offers so far. Estate agents and Zoopla suggest the price is right for the property in its current state -but viewers feedback is that the kitchen is tired and they would rather move into a house that needs nothing done to it. So suppose I spend �15k on a "neutral" kitchen. How much more would I be able to ask (assuming the market doesn't rise or fall ) or would I end up not getting a penny more, just an easier sale? I know there are a lot of ifs and buts with a question like this but I'd be interested to hear views. Thanks

[brenda]

Have you thought about replacement doors and work tops much cheaper than the whole thing .M y neighbour had this doneand it looks terrific, really classy.

[albaqwerty]

agree with brenda. why spend possibly �15k and still (hopefully) get asking price. property programmes, you gotta luv 'em, suggest spending 10k on a kichen would only add about 2k. good luck with the sale and future move :D

[bamberger]

Unfortunately the kitchen units do not lend themselves to the makeover you both suggest (have had two firms round) so its all or nothing!

[ganesh]

You might not make the extra money back,so to speak, but a nice kitchen will impress and may make a sale .That is the important thing really,especially at this current time.

[Rev. Green]

This is only my opinion and probably not typical, but I never like the kitchen in houses which we view. Usually the arrangement is wrong and the materials are not my choice. I would always spec on redoing a kitchen.

Could you drop your price to 249,999 to save tax? Unfortunately it isn't legal to sell carpets and curtains separately to avoid tax.

[bamberger]

The way I'm looking at it the "correct" price is �280k as is. If the existing kitchen were better (but not brand new), it might be �285K . What I'm trying a get a feel for is that if I spend �15k on a brand new kitchen, can I add �15k, 10K, 5K or even nothing

[dr b]

The "correct" price, unfortunately for sellers, is one that buyers are willing to pay. If you have no offers at 280, that should be informative. Based on your feedback so far, people seem to expect a modern kitchen at 280, so updating the kitchen (thereby merely meeting their expectations) is not likely to fetch you more than 280.

It seems like you can either drop your asking price to reflect what a buyer would have to pay to get the kitchen they want, or put in a kitchen you think the average buyer would want and hope that someone will offer more than 280.

I'm with rev green on this one - it seems like you're better off dropping the price by 15k (but saving the 15K on the redo) and letting the buyer install the exact kitchen they want.

[crapmemory]

Don't know how big your kitchen is but mine is 12ft x 10ft. Had it totally refitted a year ago and paid �8000. If you want to refit look at places like B&Q and Homebase.