According to a 2018 housing trends report, 58% of buyers said having their preferred style of kitchen was extremely important to their home-buying decision.
So, that begs the question: Should you update your kitchen before selling?
The short answer is yes – but only if your updates line up with what other homeowners in your area are doing. Keep in mind you’ll see the best ROI (return on investment) for a minor kitchen remodel (over a mid-range or major remodel):
Minor remodel: 81% ROI
Mid-range remodel: 59% ROI
Major remodel: 53.5% ROI
The takeaway? A kitchen update may be a good idea, but don’t go overboard. Your best bet is to talk with an agent familiar with your neighborhood so they can share what buyers are looking for today. And if you’re not planning to move soon? Don’t be afraid to spend your money updating in a way that you’ll most enjoy!
