Newspaper article The Northern Star (Lismore, Australia)

Kitchens Are the Heart of a Home; the Difference between a Successful Outcome from a Sale and a Disappointing One Could Come Down to the Kitchen

Newspaper article The Northern Star (Lismore, Australia)

Kitchens Are the Heart of a Home; the Difference between a Successful Outcome from a Sale and a Disappointing One Could Come Down to the Kitchen

Article excerpt

The rise of reality renovation shows, the soaring popularity of cooking shows and the era of the celebrity chef are all leading to the big trend in property renovation - the kitchen isn't just the hearth of the family home, it's the celebrity in the house.

So if you're planning on selling your property, you may want to rethink your orange laminated kitchen from the 1970s, or get rid of your '80s timber-top bench or that '90s limewash kitchen. Because there is a good chance that your next buyer will be a Miele MasterChef who is as smug as Smeg when it comes to kitchens.

Gail Florence sold her designer home recently to an avid cook and discovered the financial benefits of modernising the kitchen. She took her two-bedroom terrace in Alexandria in inner sity Sydney to auction last May and it sold for $1.35 million through BresicWhitney. Not only was the result $100,000 above the asking price, the sale also set a price record for a two-bedroom terrace in Alexandria.

However, according to Ms Florence, it takes a lot of work to get the design of a kitchen right.

aI did five Miele cooking classes to know which combination of appliances I wanted,a she said.

aEvery one has different ways of cooking and there is so much product out there so it's important to do your research.a

Selling agent Walter Burfitt-Williams says the kitchen is no longer just a spot to prepare food.

aThe kitchen is very much the social hub a[degrees] it's where you display things and entertain, so smart kitchens will be multipurpose, he said.

However, to those looking to sell, Burfitt-Williams warns of the dangers of over-capitalising.

aInstead of spending $60,000 on a kitchen, it can make sense to do some selective updates for $5000-$8000 because not everyone will pay a premium for someone else's taste,a he said.

A recent survey of NSW residents commissioned by G.J. Gardner Homes illustrates that kitchens are at the forefront of the minds of home owners. Among the NSW residents interviewed, 58% ranked the kitchen as the most important room in the house.

The survey also found 42% would choose the kitchen as the room they would like to renovate first. …

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