If you’re thinking of remodeling your kitchen, you may be wondering whether the project will increase your home’s value and whether it’s worth the expense or not.
✨The answer may surprise you.
1. The Cost Of A Kitchen Remodel
The average household spends somewhere between $20,000 and $50,000 on renovating a kitchen. This often includes replacing appliances, countertops, and flooring, as well as the cabinet fronts and hardware.
2. Will Remodeling My Kitchen Make My Home Worth More?
The short answer is yes. Studies show that homebuyers rank the kitchen as one of the most important rooms in a home. They are often willing to pay more for features like new appliances and granite countertops.
3. Your Return On Investment With A Kitchen Renovation
The return on investment (ROI) you can expect with a kitchen renovation depends on several different factors. These include how big of a renovation you’re doing, the cost of making said upgrades, and what part of the country you live in.
4. Is A Kitchen Remodel Worth The Expense?
There is no one-size-fits-all answer to this question. However, if you plan to sell your home right after making kitchen upgrades, it makes little sense to spend $50,000 to do so only to recoup $30,000.
Emma Co Personal Real Estate Corp | Macdonald Realty
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