How Many Cooks Can Fit in the Kitchen: Learn How Property Intelligence Helps Buyers and Sellers Maximize Value in the Heart of the Home

The kitchen is largely considered one of the most important spaces in the home by potential buyers. Not only is the buyer looking at the current condition of the space but they are often considering renovation potential. According to the National Association of Home Builders (NAHB) the kitchen is the second most common renovation project in the United States, with bathrooms being first. A 2019 study from Houzz found that 31% of renovating homeowners were focused on the kitchen. Kitchen remodels tend to be among the most expensive home improvement projects but they also tend to add significant value to a home.

With Matterport's Property Intelligence tools, it is easier than ever to find a kitchen tailored to your needs. Leveraging our 3D imaging technology, neither agents nor potential home buyers have to rely solely on traditional 2D photographs or limited walkthrough tours – they can now get a good feel for whether their dream kitchen is within reach. Our interactive insights make it easier not only to gauge overall design flow but also access features like cabinet depth and countertop material type – all from the comfort of your living room couch! Read more as we explore three different markets and potential kitchen needs and see how Matterport opens up possibilities never before seen in real estate.

Kitchen Considerations in Seattle, WA

Known for its thriving food scene and abundance of fresh seafood, Seattle home buyers often look for gourmet features in their kitchens. These might include high-end appliances, plenty of storage and pantry space, and a large, functional island for meal prep. Sustainability is also a high priority in this city, so eco-friendly appliances and materials can be a big selling point. Kitchens in the Seattle area range from 135 sq. ft. to 387 sq. ft. and Property Intelligence makes it easier to search and filter for certain rooms and objects to find exactly what you need. Plus object detection makes it simple for real estate professionals or homebuyers to filter for exactly the type or brand of appliance they want. For sellers, Property Intelligence helps reduce the number of days a property spends on the market by providing a more accurate automated valuation than any other company.  

Seattle has a diverse population with a strong tech industry presence. Homebuyers often include tech professionals with families drawn by companies like Amazon and Microsoft. There's also a strong market for second homes and investment properties. When shopping for investment properties, Matterport makes it possible to quickly gain an understanding of the condition and layout of the home, including important factors like ceiling height. With 3D scanning technology, property managers can easily create marketing floor plans, which are invaluable when renting properties. Matterport also helps real estate agents show off certain features like a renovated kitchen or backyard space, including detailed measurements, that might otherwise be missed in photos. 

Kitchen Considerations in New York City, NY

Given that many New Yorkers live in apartments with space constraints, efficient use of space is often a key consideration. In fact, the average kitchen in NYC ranges from only 85 sq. ft. and tops out at 291 sq. ft. Buyers often look for modern appliances, well-designed cabinetry for storage, and small space solutions like breakfast bars or pull-out countertops. Additionally, due to the fast-paced lifestyle, convenience features such as dishwashers or high-end coffee makers are highly desirable. Property Intelligence makes it possible for agents to generate tabular reports of room names and dimensions plus automatically add insights to real estate web pages and sell sheets, thereby empowering agents with rich filtering information to close more sales.

New York is one of the most diverse cities in the world, and this is reflected in its home buyer demographics. Buyers range from young professionals seeking condos in the city, to wealthy buyers looking for luxury apartments, to families seeking homes in the outer boroughs or suburbs. Due to the high cost of living, many residents are renters, and homeowners tend to be older and more financially established. For maintaining multi-family units or documenting the condition of a rental property at move-in, Matterport helps both owners and renters understand the details of a property quickly and accurately. For example, ceiling height is one way that smaller spaces can feel larger and buyers who want to maximize the feel of their living area may seek out higher ceilings over more square footage. Matterport makes it easy to capture 3D data, so you can view and share digital twins of any space—inside or outside—for instant insights. This means more efficient marketing and leasing for agents, landlords, and tenants alike. 

Kitchen Considerations in Dallas, TX

Dallas homes often have more space, and the kitchen is seen as a central gathering spot. Here, buyers often desire large, open-concept kitchens that flow into the living area. They may look for large islands with seating, double ovens for big family meals, and plenty of counter space. Kitchens in the Dallas metro area range from 157 sq. ft. to 522 sq. ft. Outdoor kitchens or grill spaces are also popular given the region's warm climate. Property Intelligence gives agents the ability to quickly review room boundaries and room area, including length and width, with near flawless accuracy.

Dallas attracts a wide range of homebuyers, from first-time buyers to retirees. The city is known for its affordability compared to other major metropolitan areas, making it attractive for young families and professionals. There's also a strong market for retirement properties. Dallas's central location and strong economy also make it popular for real estate investment. In a market this dynamic, Property Intelligence APIs really shine. An API, or Application Programming Interface, is a set of rules and protocols for building and interacting with software applications - it is a way for different software programs to communicate with each other. Matterport Property Intelligence is purpose built to automatically populate and update sell sheets with room sizes, appliances, and even features like a walk in pantry or kitchen island. And with some of the tallest kitchen ceilings in the nation, Property Intelligence enables agents to perform custom searches for exactly what their customer needs. Plus, they can trust the information is accurate, so it is easier to narrow the target list of properties without an in-person visit. 

Find the Perfect Kitchen Using Matterport’s Property Intelligence Tools

In conclusion, finding the perfect kitchen is no small feat, and the task becomes even more nuanced when taking into account the specific demands of different markets. This journey of discovery, however, becomes a lot easier and more enjoyable with Matterport's Property Intelligence tools. 

Not only do these tools provide an unprecedented level of insight and detail into properties with a focus on key areas such as kitchens, they allow buyers to explore, evaluate, and even envision potential renovations from the comfort of their own homes. For sellers and agents, Matterport provides a powerful platform to showcase properties in their best light, highlighting unique features and ultimately helping to speed up the sales process.

Whether you're a tech professional looking for a gourmet kitchen in Seattle, a young professional desiring a space-efficient design in New York, or a family seeking a spacious, open-concept kitchen in Dallas, Matterport opens up possibilities like never before. In the world of real estate, it's truly a game-changer, bridging the gap between physical and digital spaces and redefining the way properties are bought, sold, and experienced. Dive into the world of Matterport and experience the future of home buying and selling today. Offering Property Intelligence as part of our industry-leading digital twin platform marks a significant milestone in the industry and is a capability only Matterport can provide. We’re currently piloting Property Intelligence with select customers and expect to reach general availability before the end of 2023. Customers who are interested in learning more or participating in the pilot program can contact us at [email protected].