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How much should I spend on a kitchen remodel?

We're planning to remodel our kitchen. We want it to be beautiful, of course, but we don't want to go so crazy with the upgrades that we never recoup our money. Is there a recommend amount to spend on a kitchen remodel? Or a percentage?
Asked By Jessica | Ponte Vedra Beach, FL | 441 views | Remodeling | 1 year ago
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Pro
91 Answers
Lisa and Greg Harris

eXp Realty, LLC

(42)

I see you are in Ponte Vedra Beach Florida. This is truly a market-specific question. If yo uare located in an area where the homes are older and many have been updated, it might help to increase the overall values. I work with clients locally to give them an idea of the best place to invest in their home to get the most out of it at when they go to sell the home. I would recommend reaching out to a local REALTOR that can specifically give you an idea of your market to not over-invest and get the most out of your remodel project.
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Semi-Pro
47 Answers
Lynne Pruell

Realty 100 LLC

(16)

You don’t want to spend more on a remodel than you can realistically expect to recoup when you decide to sell. Consider your home’s value. It is usually recommended that you spend no more than 10-15% of your home’s value on a kitchen remodel. Focus on the upgrades that will add value to your remodel. New quality cabinets, granite or quartz countertops, new appliances, flooring, lighting. Spending too much on high end finishes my not provide a significant return on your investment. Consider how long you plan to live in your home and whether the upgrades will add value overtime. Neutral and clean is safe color choices and selections would be advised if you only plan on short term stay in the home.

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Rising Star
26 Answers
Joanne Patience

Iron Valley Real Estate North Florida

(5)

Hi Jessica. That is a great question. Each market is different, so you should speak with a local Realtor before making improvements, especially if you are considering selling soon. You may only need to update the appliances, hardware, and light fixtures, or your local market may suggest a complete renovation. Every year there is a cost vs. value report that comes out providing estimated costs. For the South Region - a major upscale kitchen remodel would be approximately 30% recoup in costs, midrange about 40%, and minor about 79%.
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Rising Star
12 Answers
Tania Gardere MacLeod

EXP REALTY LLC

(40)

That’s a very subjective question because some times it might be best to not update your kitchen and sell as is, or other times, spending some money to make a few minor updates versus doing a full blown update might make more sense. It’s also very different per price point. For lower priced homes you may not want to spend more than $10,000, while some price points warrant a higher end project closer to $100,000 and even more… A kitchen is one of the most important rooms of the entire house. Whether you cook and entertain or not, that’s what people see as the heart of the home and want that space to be nice to entertain friends and family. A kitchen update / upgrade is always a good investment. But the amount will be specific to each individual area, community, price point etc…
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Novice
2 Answers
Tenisha Mock

Reatlypath LLC - Buyer's Resource

(2)

but stay planning to remodel kitchen
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Novice
1 Answer
Yvonne Summerfield

RE/MAX Sand & Sun

(58)

I suggest calling an experienced Realtor who works in your area to give you a market update on what homes are selling for in the area so you have an comparison for resale value in the future. Kitchen remodels are a great investment but you want to make sure you spend your sand dollars wisely ! Best to you on your remodel !

More Information

  • Kitchen Remodel

    The amount you should spend on a kitchen remodel depends on a few things. Take into consideration the size of the kitchen, the level of renovation you're looking for, the quality of materials you choose, and the location.

    As a general rule of thumb, experts suggest allocating around 10% to 15% of your home's total value for a kitchen remodel. For example, if your home is worth $500,000, you could spend between $50,000 to $75,000 on a kitchen remodel.

    However, keep in mind that the amount you spend should also align with your goals for the remodel. If you're looking for a minor facelift, such as new countertops or cabinet doors, you might spend less than if you're planning a major overhaul that involves changing the layout or adding custom features.

    Ultimately, it's essential to establish a budget based on your specific goals and priorities for the remodel, and then work with a trusted contractor to create a plan that maximizes your investment while staying within your budget.

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