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In a 350k house with a decent but not huge kitchen, do you think a significant amount of value would be added in upgrading from the standard "push-in" electric range/cooktop combo and hood-mounted microwave to the "Gourmet" option with the independent cooktop and a wall-mounted oven/microwave combo that looks like a double oven?
Is a gourmet kitchen even a selling feature or is it just personal preference?
I bought a spec home with a gourmet kitchen. The first thing that got me sold on the house was the double oven so to me, yes it was a selling point. Mine has a real double oven and a separate microwave. The microwave I was impartial to...in fact it was one that actually just recirculated the air back in the house. Supposedly, my community does not allow outside vents other than the ones they installed (fireplace, dryer, bathrooms, etc.) The cooktop is electric, so I don't know whether you would be able to replace that with a gas one if a gas cooktop exists.
Are you in an area of newer or older homes? Do you know if your neighbors have renovated their kitchens and, if so, whether they've loaded them or just bought basic new appliances? I'm not a realtor (or appraiser) and don't claim to know what I'm talking about, but I would assume a gourmet kitchen may be out of place in a neighborhood containing a majority of older homes, most of which have not been upgraded to this standard. In a community with new construction, I would assume you'll see a larger return on investment, as buyers looking for newer homes may be more critical in their quest for a kitchen with more modern (and expensive) upgrades.
If you call it a "gourmet" kitchen and it isn't one, you could end up having possible buyers walk out after seeing the kitchen.
Not sure I understand this post - I never said anything about "Calling" it a gourmet kitchen - I'm wondering if I should get it in the first place and what kind of value that would add. I wouldn't misrepresent whatever we ultimately choose to do.
Such a kitchen would be a bonus primarily to those who are active in the cooking arts. Those types appreciate a gourmet kitchen but would probably rip it apart to make things fit their needs and tastes.
Significant value? Less than what it costs to have it installed. Many upgrades of the optional type, and this is one, add little to the overall value. Same with swimming pools and so on. For this I'd say the added value would be 40% to 60% of the cost of putting it in.
I'll also ask you, since it would help us out a bit, is your home currently on the market? If so, have their been negative comments about the current kitchen setup?
Sneezecake, it's really just a matter of personal preference. Don't do it if your only goal is resale value. Do it for you & you alone.
I whole heartedly agree with this. Dont think about resale and making
bucks. Do it for you, IF you want it.
Greenchili
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