One day every home owner has the need to renovate his kitchen. There may be many different reasons what has caused you to make up your mind on renovation, but the purpose of renovation can either be for personal enjoyment or for a flip as an investment. This will be the first questions of true professional kitchen renovation company when asked to give you a quote on the job. There is huge difference in the approach, costs, materials used and even timing schedules when comparing kitchen renovation for flip vs for yourself. To help our clients understand the difference ALBO Renovations has analyzed both sides and will share the knowledge about variations with all readers and followers.
Kitchen Renovation for Flip
Materials
We strongly suggest not to go crazy on expensive materials trying to impress home buyer with exotic kitchen unless the house is worth few million dollars. Average finishing materials should be just fine for a flip because the new owners may want to modify it for their style anyways. Ask ALBO crew for local supplier on your kitchen renovation and we will be happy to help.
Time for the job
In most cases flipping projects are on tight schedule to have the house or a condo ready for the sale with new updated kitchen. Home owner wants the job to be done as fast as possible to proceed with other remodeling touch ups. This project will be pushy because there are expenses for property possession and all you may want to do is sell it fast to the next person that walks in.
Budget
Amount of money spent for the labour and materials on kitchen renovation for a flip should almost never go over mark of $30,000. Simply because you want this deal to be profitable you should watch all your expenses and consult with professional contractor where you can save few hundred if not thousands of dollars. Ask ALBO Reno for deals and discounts on your kitchen remodeling.
Style and Layout
The only time you need to worry about changing the layout of your kitchen for a house flip is if it was originally built 30+ years ago. In most houses for flips we suggest keeping the layout and upgrading style to somewhat modern by refreshing the colours to lighter. Get your contractor to assist with selecting kitchen cabinets that are popular and will cost you less than average set.
Electricity Saving Appliances
We all love to save money on electricity bills and go green, but buying expensive appliances that will save money to new home owner does not make much sense. Yes there are some people that are looking exactly for that but most of the home buyers will be going for looks and efficiency. Buy pretty but cheap appliances that match with your kitchen and won’t exceed your budget.
Return on Investment
If kitchen renovation is done properly for the flipping purposes the return on investment can be as high as 80%. That means if using right materials and specialists like ALBO Renovations by spending $20.000 on your kitchen renovation, your home will be valued $36.000 more than it was before. Not always spending more will increase the home value.
Kitchen Renovation for Yourself
Materials
Most of our clients that renovate their kitchens at home for personal enjoyment do not by prebuilt sets in places like ikea. This is the upgrade that people like to show off and be as unique as possible. Custom tiles and engineered hardwood on the floor, flashy granite countertops with macaque tile backsplash that may cost extremely high. Those are preferred choices of home owners in Toronto.
Time for the job
When doing a custom kitchen for yourself and family you will pay attention to every detail. You will be involved in the process by engaging with contractor and leading them with ideas and desired styles. You do not want to rush this process and let it go for as long as it takes to do a perfect job. Custom kitchen renovation projects can take up to a month long to finish.
Budget
Sky is the limit on kitchen renovation that is not meant to be for a flip. Only high end kitchen appliances may cost $20.000 for luxury house. There is no actual average price for this type of jobs in Toronto but it usually goes somewhere between $35.000 and $50.000. Keep in mind that smaller houses and condos will require smaller budget for kitchen remodeling.
Style and Layout
All across GTA we see older houses with dated kitchens that need upgrade in style and structural layout. It is getting popular to get rid of adjacent walls to open up kitchen area connecting it with dinning room. Ask ALBO Renovation for designer’s assistance and they will be happy to help you select layout from the catalog they carry.
Electricity Saving Appliances
When home owners plan to stay at their current place for many years they thing of how can they enjoy the place to the fullest and save money. Appliances that save electricity and produce smaller hydro bill is one of the solutions. We deal with top supplier in Canada for kitchen appliances and will save you money on purchase as well as your electricity bill.
Return on Investment
Money spent on your custom high end kitchen will not be made beck if property is sold. The reason for that is everyone has different opinion on what the kitchen should look like. While some people think that spending $50.000 will make everyone like their place, it may push people off if It is a small house with the rest of the property few grades lower than kitchen.
Additional Articles about Kitchen Renovataion:
- 10 Questions from Kitchen Renovation Contractor to You
- 10 mistakes in kitchen renovation design
- 10 Steps in Kitchen Renovation
- How much to spend on kitchen renovation
- How to prepare for kitchen renovation
- How to select contractor for your kitchen renovation
- Kitchen addition for your basement
- Kitchen renovation designs and styles
- Kitchen renovation for flip vs kitchen renovation for yourself
