A prime year for renovation

With soaring interest rates driving mortgages up, many homeowners are choosing to renovate their existing space instead of testing the real estate market. This makes a lot of sense, especially considering the potential return on investment for kitchen remodels. Not surprisingly, the kitchen has a major impact on a home’s value, and most buyers list it as one of the most important aspects of their decision-making process. Of course, the most discerning of those shoppers recognise that high-end upgrades are worth the added cost.

At Archant, we believe a kitchen is more than just an investment opportunity, but a way to add style and convenience to a home. It’s a place to bask in joyful occasions with friends and family while sharing a meal. We can help you to maximise your space and create the kitchen of your dreams while increasing the value of your home. In this article, we’ll list some reasons why 2023 is the ideal time to do so.

Enjoy a healthier lifestyle

Updating your kitchen isn’t just about increasing your resale value. Clients who renovate their kitchens typically report spending more time preparing and eating meals at home as opposed to buying takeaways. Many speak about the priceless aspect of more quality family time gathered around the kitchen island. Enjoying the space with loved ones while sharing homecooked meals can encourage healthy habits for the whole family. You’ll also be spending less on takeaways for another positive financial trade-off

Stylish and functional kitchen upgrades increase home value

Porcelain and Quartz benchtops are not nearly as expensive as natural stone alternatives like Marble and Granite, and yet they can still similarly increase resale value. Appraisers are typically impressed with the refined quality of these high-end surfaces and price the home accordingly. Compared with laminate for example, porcelain and quartz benchtops are built to last well into the future, eliminating the need for expensive and disruptive replacements for the new buyer.

In a thoughtful article from Money, home expert David Steckel echoed this sentiment. “The move for homeowners to optimize their space and create usable square footage has never been higher.” This could be in the shape of a new bench, or perhaps a more expansive remodel including an island, benchtop, splashback, cabinetry, and more.

Well made appliances are highly desirable in NZ

A recent Consumer survey showed that “78% of Kiwis are willing to pay more for appliances built to last.” Whether you’re renovating with resale in mind, or simply to enjoy for yourself, it pays to choose appliances that are wellmade and/or offer comprehensive warranties. Our sinks and taps by Franke, Schock, and Robiq are some of the most elegant yet durable accessories around. Many are crafted from the highestgrade stainless steel and offer warranties ranging from 15 – 50 years. Coupled with the robust durability of porcelain and a lifetime warranty, you have all the ingredients for a kitchen that will stand the test of time, even in a busy household.

Costs may continue to rise

Supply chain shortages, increased fuel and shipping costs, and a variety of global disruptions are indeed concerning but can be overcome with a proactive approach. A director of Sinclair Builders in Christchurch had this to say in an interview with Westpac. “Prices are not going to get cheaper, we’ve had price increases every few weeks, so you’d be better off making a booking now and starting your planning process rather than waiting.”

If this trend of rising prices does indeed persist, it’s in your best interest to act sooner than later. Of course, the overall cost is a sum of many factors including the size of the room, the complexity of the project, the materials you choose, and your location. Keep in mind,the design process can take time to plan, so it’s wise to begin now to take advantage of current prices.

Remodelling offers benefits that go beyond finances

With a plethora of advantages that go well beyond just the financial, the idea of remodelling a kitchen is an exciting prospect. And while finding the best time to renovate can be trying, the payoff is a beautiful space for the whole family to enjoy. Should you decide to sell the property, it’s reassuring to know just how valuable the kitchen is to prospective buyers. The kitchen is often thought of as the heart of a home. Why wait to make it shine when there are so many benefits to doing it now?

Let’s discuss your kitchen renovation

As you can see, 2023 is a great year to maximise the value of your kitchen renovations. We want to help you build on that momentum. Our New Zealand showrooms are staffed with experts who are happy to offer guidance every step of the way. From sinks, taps, benchtops, islands, splashbacks, decorative surfaces, stylish handles, and more, we want to make your dream kitchen a reality.

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