Will inset cabinets improve your home’s selling price?

P

Packard

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According to Southern Living Magazine, only re-facing the cabinets + new flooring + new applieances (about $28,000.00) is likely to be recouped in resale. I was surprised to hear that.

I refaced my cabinets + new counters and new appliances (but no new flooring), new sink & faucet, but no new backsplash.. I probably shot myself in the foot with the black painted cabinets. But since I did all the work myself, I will probably recoup my cost.

 
ROI in cases like this are really hard to determine. It's unlikely to ever get you a profit, an even "push" would be just as rare. Probably the best you could hope for is that it is more attractive to buyers, increasing interest/quicker sale.
At that point, you be the judge. Did a small loss, that actually moved the house, really count against you?
Purely speculation on my part, I don't buy or sell houses (or kitchens, for that matter)
 
Wouldn't the sheer volume of house flippers who buy properties and perform cosmetic improvements and then sell for significantly more than they bought them for, be a good indication that doing improvements does generally add resale value?
 
In a slow market it will make the house more attractive to buyers, in a market where house stocks are exceeded by demand which is the case in Australia then no. Australian real estate prices are off the planet due to demand exceeding supply and first time buyers have now become locked out of the market and it is common for parents to stump up the money needed for the deposit. Houses here in poor condition are getting stupid money when sold and there is no indication that will change.
 
Key factor in kitchen and bath after a remodel is——did you enjoy them prior to the sale, if the answer is yes, the rest does not matter.

Tom
 
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