How Much Should You Spend on a Kitchen Remodel?

 

If you’ve been thinking about remodeling your kitchen, there are a variety of decisions that you will need to make, including how much you will spend on your project. While you certainly don’t want to spend too much money, skimping out on your renovation can also cause big problems.

Before you start planning your remodel, it’s important to learn how much you should spend on your kitchen and what upgrades are more effective than others. Find out how much you should spend on a kitchen remodel so that you can correctly budget for your renovation project and improve your home.

The Value of Your Home

When you’re calculating the budget for your home remodel, the general rule of thumb is that you should spend 10 percent of the value of your home. Spending this much on your remodeling project will allow you to make important upgrades to your kitchen and will also provide you with an impressive return on investment.

If you’re getting ready for a kitchen remodeling project, you need to first determine your home’s current value so that you can decide what to spend on your kitchen. For instance, if your home is valued at $200,000, you should spend $20,000 on your renovation. Investing the right amount of money in your kitchen remodel will result in a successful project that adds value to your home.

Where to Splurge

Now that you know how much you should spend on a kitchen remodeling project, it’s time to look at areas where you can splurge on your renovation. Putting money into the right kitchen features will both boost the functionality and the appearance of your kitchen, and it can help you with a resale if that’s your main goal for your renovation.

One of the best places to splurge in your remodel is your appliances, which can make or break a kitchen. Certain appliances, however, will give you more value than others, so you need to be careful about which items you are purchasing. Refrigerators, for example, need replacing more frequently than other appliances, such as a high-quality cooktop. Whatever appliances you choose, you should prioritize energy efficiency, and make sure that they’re stainless steel.

Countertops are another area where you should splurge, particularly if they are the focal point of your kitchen. Your goal for your countertops should be finding the perfect combination between form and function. You want to be certain that your counters offer useful workspace while also offering an attractive appearance. The right counters can be a big selling point for potential home buyers. 

Start Your Remodeling Project

If you’ve been thinking about remodeling your kitchen, it’s important that you spend the right amount of money on your project. By spending 10 percent of your home’s value and splurging on the right items, you can construct the high-quality kitchen of your dreams. To get started on your remodeling project, you should consult with the experts at Kitchen Solvers.  And be sure to check out our article, Kitchen Remodeling Costs: Get a Return on Your Investment if you are considering a kitchen remodeling project for your home.

Kitchen Solvers is your number one resource for kitchen remodeling projects. Our professionals are here to help you with every step of your renovation, from planning your budget to putting the finishing touches on your remodel. Visit a location today.

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