Asked by: Agnese Meihosthome and garden home improvement
Do you get your money back on a kitchen remodel?
Last Updated: 25th February, 2020
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Regarding this, how much do you get back on a kitchen remodel?
For example, the national average ROI for a major upscale kitchen remodel is almost 54%. That means you recoup about $68,000 after spending around $126,000. What about a smaller renovation project? The average cost of a minor kitchen remodel is about $21,000, and the average amount recouped is $17,000.
One may also ask, what is the most expensive part of a kitchen remodel? The most expensive element of any kitchen remodel is usually the cabinets, which on average cost upwards of $15,000. In second place are new appliances, costing on average around $8,200. The countertops are the next greatest expense, generally costing just under $6,000.
Also Know, is remodeling a kitchen 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 home improvements give the best return?
These 15 Home Renovations Have the Highest Return on Investment
- Garage door installation. Two wooden car garage | Marcin Leszczuk/iStock/Getty Images.
- Manufactured stone veneer. Stone home exterior | hikesterson/iStock/Getty Images.
- Entry door replacement.
- Wood deck addition.
- Minor kitchen remodel.
- Siding replacement.
- Vinyl window replacement.
- Universal design bathroom.