Although the recession has hit everyone hard, there has never been a better time to add some value to your home in anticipation of the price rises that will come about when we emerge from the recession.

The kitchen is the most important room in the house when it comes to adding value to a property. Estate agents define success as a kitchen that succeeds both as a status symbol and a statement of lifestyle but is still practical and robust enough for the hard wear and tear of constant, daily use. They are unanimous that a good kitchen will often clinch a deal for the buyer and that many other faults in a property can be overlooked if this room is right.

How much should you spend? The general advice is that you should spend about 5% of the value of your house on the kitchen but it can add as much as 15% to the asking price of a property sale. If you do not have the 5% of the value of the house to spend, it is better to think creatively rather than spend money on a kitchen that is too cheap for the property.

Using the widely known calculations, you can see how much should be spent on a kitchen according to house value:

£500,000 value = £25,000 kitchen adds £75,000 value

£700,000 value = £37,500 kitchen adds £112,500 value

£1 million value = £50,000 kitchen adds £150,000

For further information on the amount you should spend on your kitchen, and what you can get for your money in terms of luxury kitchens, give us a call at Capital Fitters, the London kitchen fitters today!