How Much Does A Kitchen Remodel Increase Home Value 2018??

Realtors also believe that kitchen renovations are the most likely to increase your home’s value—but that doesn’t guarantee that you’ll make back every penny you spend.

Remodelers project that a kitchen upgrade will cost an average of $35,000, while only adding an average value increase of $20,000 to your home.

How much should you spend on a kitchen remodel?

According to HomeAdvisor.com, you should follow the 5% to 15% rule, which means your kitchen remodel should cost no less than 5% of your home’s value and no more than 15%.

How much does a kitchen remodel increase home value 2019?

But she’s also worked on major projects, where the entire kitchen is gutted, reorganized, upgraded, and sometimes even moved to a new room—and those can cost between $80,000 and $120,000. Mid-range remodels fall snugly between the two, according to Remodeling Magazine’s 2019 Cost vs. Value Report, at about $66,000.

How much does it cost to replace kitchen cabinets?

A professional cabinet refacing for a typical 10-foot-by-12-foot kitchen starts at around $1,000 to $3,000 for laminate. Expect to pay $2,500 to $6,000 for real wood veneer. Costs can rise to $7,000 to $9,000 or more for a large project with high-quality wood veneer.

Is a kitchen renovation worth it?

An average kitchen remodel will pay off more than a high-end renovation. According to Remodeling magazine’s Cost Vs. Value Report, a midrange kitchen remodel costs $63,829 and homeowners recoup $37,637, which is 59 percent. An upscale kitchen remodel costs $125,721, with a 53.5 percent ROI.

What remodeling adds the most value to a home?

Some home improvement projects that add value to a home include:

  • Remodeling the Kitchen.
  • Bathroom Addition.
  • Reinventing a Room.
  • Adding Energy-Efficient Windows.
  • Deck Addition.
  • Energy-Efficient Insulation.
  • Basic Updates.

Photo in the article by “Wikipedia” https://en.wikipedia.org/wiki/Wendy%27s