How much value does a new kitchen add to your home?

Kitchens add the greatest value in Kensington and Chelsea, which is great for residents looking to sell their properties in the area.

A budget renovation, costing approximately £7,000, can increase the cost of a property in Kensington and Chelsea by £65,937.95.

A standard renovation, with owners investing £11,000 into their kitchens will increase the selling price by £72,531.75.

If looking to invest £15,000 in a luxury kitchen renovation, Kensington and Chelsea homeowners can expect to make an additional £79,125.54 when selling their house.

The Surrey borough of Elmbridge, home to towns such as Esher, ranks as the highest non-London area where a kitchen renovation will have the highest impact on the monetary value of a property, which may come as no surprise given its proximity to the London Borough of Richmond-upon-Thames.

In Elmbridge, a budget renovation will boost property value by £36,066.25, whilst splashing out on a new luxury kitchen will increase the sale price by £43,279.50.

In Bath, a budget renovation could increase property prices by £21,411.15, which is £5,481 over the national average boost. A standard new kitchen will boost sale price by £17,522.93, whilst a £15,000 luxury renovation will see a return on investment of £19,115.92 for sellers.

In Brighton, a luxury kitchen redesign will help increase the sale price by an astounding £26,794.92, whilst if spending £7,000 on a smaller kitchen improvement you are likely to see an increase of £22,329.10. 

In both Newcastle and Glasgow, a budget renovation is generally your best bet for adding value to your home, as you could potentially see increases of £9,721.05 and £8,335.65 in house prices respectively.

However, if you spend more than this on a renovation, you risk spending more of the renovation itself that you are likely to see in return when selling the property.

1. Ample storage space for cooking and integrated appliances are important to buyers

Essentially, the more storage you can fit into your kitchen design, the better, as this is one of the most universal issues people face in the home. Alongside enough worktop and living space, updated integrated appliances can massively impact the value of the space.

Fleur Marston, Earls Court Sales Manager, Foxtons comments:

“Something we have found to have particular significance in recent weeks is our buyers wanting to have a full-sized fridge. A few vendors have put in small half-sized fridges in favour of having more worktop space. We have found that this has been a deterrent to buyers.”

2. Getting DIY projects right can add value to your property

If done correctly, DIY projects can be extremely successful at effectively increasing the selling price of your property whilst keeping within a budget. However, to ensure that you don’t devalue your property with poor workmanship, only undertake projects that you know you can complete yourself and aren’t likely to cause any damage to your property.

Daniel Copley, Consumer Spokesperson at Zoopla comments:

"This explosion of DIY trends on TikTok over the past year has undoubtedly led to an increase in people doing budget renovations. We know kitchens are a key selling point for many buyers - and the centre of activity in many households - so DIY projects are often focussed on this space. Getting this right can add value and make your home more appealing”

3. Superficial upgrades can improve the chances of adding value

If you’re struggling to find the budget to invest in a complete kitchen renovation, there are several surface-level - yet cost-effective - improvements you can make to enhance your chances of increasing your property price.

Daniel Copley, Consumer Spokesperson at Zoopla comments:

“Superficial touches, such as replacing broken handles or treating worktops, could give your kitchen a quick update and improve your chances of adding value.”

4. Buyers will pay more for a turnkey kitchen

Moving is one of the most stressful experiences we can go through, so if we can minimise this stress by finding a property that needs little to no renovations then the chances of buying are much higher.

Fleur Marston, Earls Court Sales Manager, Foxtons comments:

“As a result of the cost of renovating a property having drastically risen in the last couple of years, for the first time in a long time we have found that buyers are willing to pay a premium for something into which they are able to move straight in. On the whole, the aspect of a renovation which buyers put the most emphasis on is usually the kitchen.”