Asked by: Agnese Meihost
home and garden home improvement

Do you get your money back on a kitchen remodel?

Last Updated: 25th February, 2020

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The only home improvement likely to return more at resale was a minor (roughly $15,000) kitchen remodel, which returned 92.9 percent. That's not to say that granite counters and steam showers don't pay off; kitchen and bathroom remodels continue to be two of the best investments you can make in your house.

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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

  1. Garage door installation. Two wooden car garage | Marcin Leszczuk/iStock/Getty Images.
  2. Manufactured stone veneer. Stone home exterior | hikesterson/iStock/Getty Images.
  3. Entry door replacement.
  4. Wood deck addition.
  5. Minor kitchen remodel.
  6. Siding replacement.
  7. Vinyl window replacement.
  8. Universal design bathroom.

Related Question Answers

Barbara Meisterlin

Professional

How can I save money on my kitchen remodel?

  1. Go with ready-to-assemble cabinets.
  2. Keep existing cabinets if possible.
  3. Choose open shelving where possible.
  4. Consider alternative countertop materials.
  5. Keep appliances where they are.
  6. Look at different options for islands.
  7. Opt for a cutout rather than removing a wall.
  8. Try track lighting instead of recessed lighting.

Marty Gilbey

Professional

How much does a new kitchen Add to house value?

The kitchen is the heart of a home, so it stands to reason that this is the room most buyers focus on. It's estimated that a new kitchen will improve the value of your property by around 6%.

Mitrita Adilov

Professional

How much does a kitchen remodel cost 2019?

The average cost of kitchen remodeling for your average-sized kitchen will be over $20,000. The final cost will depend on the size of your kitchen as well as how luxurious cabinets or appliances you want to install. A major kitchen renovation may cost you anywhere between $40,000 to $70,000.

Benet Zieglmuller

Explainer

What renovation adds the most value?

Whether you plan to stay in your house for a long time or just a few years, it's smart to know which home renovations add the most value.

Value report.
  1. Garage door replacement. Average cost: $3,611.
  2. Manufactured stone veneer. Average cost: $8,907.
  3. Minor kitchen remodel.
  4. Deck addition (wood)
  5. Siding replacement.

Bintu Atochero

Explainer

How long does it take to remodel a kitchen?

Replacement kitchen projects average 6-8 weeks for a moderate sized kitchen. Kitchen remodeling projects that involve a larger space, wall removals, structural changes, and reconfiguration of the floor plan take longer. A fair expectation is 10-12 weeks. That's the timeframe for a custom kitchen renovation.

Bujor Soruco

Explainer

How do I design a kitchen remodel?

Try different kitchen cabinet layouts to find the kitchen design that suits your lifestyle. Test different colors, textures and wall finishes such as paint, tile or wallpaper to find the look you love. The simple drag-and-drop application makes trying different kitchen design ideas fast, easy and fun!

Rober Yakush

Pundit

How much value does a backsplash add?

To give you a better idea, here are the most recent averages that homeowners spent on their kitchen backsplash upgrade: For 20 square feet of tile, you can expect to pay between $600 and $730. For 30 square feet of tile, you can expect to pay between $800 and $1,000.

Khatia Bertini

Pundit

Should I remodel my kitchen before selling?

1: I need to redo my kitchen and bathroom before selling. Truth: While kitchens and bathrooms can increase the value of a home, you won't get a large return on investment if you do a major renovation just before selling. Minor renovations, on the other hand, may help you sell your home for a higher price.

Fina Fuchtjohann

Pundit

Should my kitchen cabinets go to the ceiling?

Cabinets, including crown molding, will go all the way to the ceiling with one wall cabinet. The kitchen cabinets and molding do not go to the ceiling and the wall cabinets and trim will be just below the ceiling. Any crown molding or trim will continue around the room, above the cabinetry.

Yolonda Mokorrea

Pundit

What do I need to know before remodeling a kitchen?

With careful planning, however, you can avoid common kitchen-remodel pitfalls and get yourself into your new kitchen sooner.
  1. Design the perfect kitchen island for the space.
  2. Do electrical work according to code.
  3. Make a schedule and stick to it.
  4. Get thoughtful about the layout.
  5. Don't forget about ventilation.

Nelu Hogerl

Pundit

What order should I renovate my kitchen?

Remodeling Your Kitchen—An Order of Steps
  1. "Undo" the Kitchen. Remove cabinet doors first.
  2. Who's in Charge?
  3. Replace Dated Kitchen Plumbing.
  4. Replace Wiring and Install Kitchen Lighting.
  5. Hang the Drywall.
  6. The Art of Mudding.
  7. Paint Kitchen Walls and Ceiling.
  8. Install Kitchen Flooring and Baseboards.

Levente Olaskoaga

Teacher

Does updating kitchen Add to house value?

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.

Espiridion Fachal

Teacher

Can you do a kitchen remodel yourself?

DIY Kitchen Remodel Projects
This project will most likely require an abundance of time and patience, but a homeowner can accomplish it easily. Retailers make a great deal of money offering to install new appliances. Save some cash by doing it yourself.

Cosme Buschking

Teacher

What is the return on a bathroom remodel?

According to U.S. News, for example, investing in a bathroom remodel yields a 62 percent return on average — at least if you do it well. A successful remodel means thinking strategically about what upgrades you make, banking on current trends and timeless features.

He Patin

Teacher

Should you paint cabinets or replace countertops first?

Answer: We can do it either way.
In an ideal world, the whole thing would be done at once. The old countertops would be removed (and the old backsplash), then either the cabinets painted or the counters and backsplash replaced, whichever happened to be scheduled first.

Jamshed Bienes

Reviewer

Does painting kitchen cabinets increase home value?

This one trend alone increases the average home value by a whopping $1,547 on average. Pair your painted cabinets with new hardware and that amount can increase substantially. On average, you can replace all of your kitchen cabinet hardware for $250 or less and paint your cabinets for just $300.

Beimar Chuvanov

Reviewer

Is it better to renovate before selling?

If you think this is the case, then consider renovating, as you should see a good return on your investment. Another aspect to consider is the state of the property market. If the market is in favour of sellers, then increasing your home's value by renovating might be the right move.

Enrike Reifman

Reviewer

How much does an IKEA kitchen cost?

“The average Ikea kitchen is more around $25,000.” Other elements of a new kitchen's final bill that people tend to forget: Labor. Paying Ikea for delivery, assembly and installation adds 200 percent to the cabinet costs, Groté says.

Tricia Murty

Reviewer

How much should a 10x10 kitchen remodel cost?

10x10 Kitchen Remodel Costs
For example, a medium-sized space is typically defined as an area that is between 75 and 100+ square feet, costing between $15,000 and $30,000. For 12' x 12' kitchens between 150 and 175 square feet, which is around the average size, renovations range from $20,000 to $45,000.