Is a Kitchen Remodel a Good Investment?

Home improvement projects are gaining in popularity. According to a 2020 survey by Nerdwallet, over 60% of homeowners made home improvements over the last year.

And kitchens have the broadest appeal of any home improvement project.

But renovating a kitchen is a big task. It’s more expensive than many projects. And the kitchen is the heart of the home, so when it’s out of order, you have to deal with the daily mess and chaos.

So, if you’re thinking about remodeling your kitchen, you have to decide if it’s worth it. Will the time and money you put into it be a good investment?

It’s not an easy decision, but we’re here to help! Read on to learn more about kitchen remodeling-costs, how it affects a home’s value, and how to plan for it.

Is a kitchen remodel worth the cost?

The answer depends on the extent of the project and your reasons for doing it. You’ll want to run the numbers, but there are personal factors to consider too.

Kitchen remodels cost between a few thousand dollars to tens of thousands of dollars. HomeAdvisor lists an average range of $13,332 to $37,683. And Remodeling Magazine gives an average of $23,452 for a minor remodel and $68,490 for a major remodel.