One of the most reliable ways to boost the value of your house is via a full kitchen remodel. At an average cost of $150 per square foot, it can seem somewhat pricey, but there are compelling reasons to spend good money on revamping your kitchen. On average, a kitchen represents about 10% of your home’s overall value and that makes it a very worthwhile long-term investment.
On average, you can expect to recover up to 80% of kitchen remodeling costs through added home value. Assuming your home is in good condition, your remodel therefore can translate to a significant boost in your home’s value. This is because a modern kitchen can hugely increase desirability for potential homebuyers.
Aside from the financial benefits, there are also the obvious pluses of having a house with a well-equipped, well-functioning, and fully modernized kitchen. Most of us use our kitchens every day, and so having one that looks nice and works well can be a huge factor in the quality of life. It is no surprise then that a remodeled kitchen can be a big source of joy for many homeowners. 90% of those who went through a kitchen remodel said they wanted to spend more time in their house after the project.
The average cost of a kitchen remodel is around $25,000. However, there are a lot of moving parts that make up that total.