Whether you are looking to sell your home, or just making some changes to increase its value, there are some small updates that you can do that will go a long way. For example, updating a bathroom or the kitchen can greatly increase the market value of your home. But what about a pantry remodel?
It may seem silly to update your pantry, but sometimes it actually works. It all depends on the quality of the rest of the amenities in your home. If you have a really modern and beautiful kitchen but your pantry is severely lacking, then it makes sense to remodel. But what about just a remodel in general? Here, we will discuss whether or not a pantry remodel will ultimately add value to your home.
There are a Lot of Factors that Determine Home Value
Frankly, there are a lot of factors that go into whether or not a pantry remodel will increase the market value of your home. For one, if your pantry is sticking out like a sore thumb against your modern and beautiful home, then it’s definitely time for a remodel. Updating your pantry to match the quality of the rest of your home will be like the cherry on top that will definitely kick up the value of your home.
However, if you already have a decently nice pantry, then a pantry remodel might not be exactly what you need. Sure, there are always ways to make your pantry bigger, better, and more organised, but if your home already has a pretty good pantry set up, then you probably don’t need a remodel. Consider instead a little bit bigger of a project, like updating your wardrobes or bathroom in order to attract buyers and raise the market value of your property.
There is a lot that goes into determining the value of your home, so you definitely don’t want to waste money on projects that you don’t necessarily need to undertake in order to get the most out of your home. However, if the pantry is the last step to a perfect home, then a remodel might be in the cards for you. Working with a trusted professional to help you design a great pantry could potentially be the key to higher market value.
Buyers Can be Fickle in Terms of What They Expect
Another thing to consider when determining whether or not you will be updating your pantry in order to increase the value of your home is that a lot of people already expect a good pantry to be a part of the home. This means that a lot of buyers might not be willing to pay a higher market value for a property just because it has an updated pantry. This also depends heavily on the type of home that the remodelled pantry is in.
If a property already has a pretty great and functional pantry, then buyers are less likely to want to pay more money for more shelf space or a modernised feel. However, if you are able to make your new pantry feel innovative or special, then it’s more likely that the cost of the remodel will be reflected in the value of the home.
For example, if you have a relatively small home, kitchen, or even existing pantry space. Then creating a state-of-the-art pantry can be something exciting and important for potential homebuyers. Finding an innovative way to include a pantry space in your kitchen can make the space more functional, and can actually make a small kitchen feel bigger because it removes a lot of kitchen clutter from counters and shelves.
At the end of the day, whether or not a pantry remodel can increase the value of your home actually depends a lot on the home itself. It’s not a cut-and-dry answer as to whether it will make your home more valuable. However, for some people, a pantry remodel is exactly what they need to make their home worth more money and more attractive to buyers.
To consult with a professional as to whether or not a pantry remodel is the right move for you, contact us at Lifestyle Wardrobes today! It could turn out that a new, innovative pantry is all that you need in order to increase your home value, and our design consultants will work with you to determine if this is the upgrade your home needs.