Are Kitchens The Answer?

By
Services for Real Estate Pros with Midamerica Referral Network

Besides doing on-line searches, i.e. Zillow, Realtor.com, etc, it would appear that younger buyers are also spending considerable time absorbing  cable tv shows. 

A  favorite appears to be the Home & Garden channel, which seems to have brainwashed potential buyers with the magic words GRANITE - STAINLESS - TILE.



An affordable home under $200,000, is not deemed livable unless it is move-in-ready, with a spectacular kitchen, hardwood or tile floors, and of course A LARGE OPEN FLOOR PLAN WITH THE KITCHEN HAVING GRANITE COUNTERTOPS, STAINLESS STEEL APPLIANCES AND THE LATEST DECORATOR COLOR TILE FLOOR!

Sooo should we prepare our sellers for this new wave of buyer expectations?  The average cost of these renovations are approximately $40,000

 

Are new kitchens the answer?

 

 

CALL JOAN IF YOU ARE THINKING OF BUYING OR SELLING A HOME.   417-846-7128

TRI-LAKES REALTORS  417-858-3344

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
Missouri Barry County Shell Knob Shell Knob Neighborhood
Groups:
Resort Communities
Vacation and Second homes
Silent Majority
Tags:
mo
shell knob kitchens
updated kitchens in shell knob

Spam prevention
Show All Comments
Rainmaker
1,282,630
Edward & Celia Maddox
The Celtic Connection Realty - Queen Creek, AZ
EXPERIENCE & INTEGRITY - WE TAKE THE HIGH ROAD

I think buyers forget how much the upgrades cost.

Jan 31, 2012 05:33 AM #1
Rainer
66,298
The Elise Bickel Team
ReMax Select Realty - Pittsburgh, PA
Leasing, Property Management and Sales

It is amazing what buyers will spend. I had a home that was a foreclosure. Purchased for $150,000. All my investor did was put in new carpet, repaint, and update the kitchen(which was "outdated" by like 10 years with laminate, oak cabinets and vinyl flooring). Now the kitchen is maple cabinets, stainless steel and granite. Total investment $27,000. He sold the house for $310,000 in less then 30 days. Really? In this economy if I could tell you that you could increase your home value by $130,000+ with very little work, wouldn't you do that instead of waiting for someone else to do it for you?

Jan 31, 2012 06:31 AM #2
Rainmaker
226,979
Joan Snodgrass
Midamerica Referral Network - Kimberling City, MO

Weber Team

WOW - you've made a believer out of me!  Thanx

Jan 31, 2012 08:48 AM #3
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
226,979

Joan Snodgrass

Ask me a question
*
*
*
*
Spam prevention

Additional Information