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.
So far, the industry's standard ROI for mid-range kitchen makeover falls between 50% to 60% of your overall budget for remodeling. For instance, if you spent $69,000 redoing your kitchen, then you can expect to recoup around $34,500 to $41,400.
Small kitchen projects earn a return on investment of more than 83%, according to the latest Cost vs. Value report from Remodeling magazine. That means for every $100 spent on the upgrade, a home's value increases by $83, on average.
As mentioned earlier, cabinetry usually tends to be the most expensive part of a kitchen remodel. It can cost up to $15,000 even in a relatively minor remodel with a budget of about $30,000. In an upscale remodel, choosing kitchen cabinets can take up nearly 20 to 40 percent of the entire budget.
The national average cost to remodel a kitchen is about $22,000. That number doesn't tell the whole story though. Your new kitchen could cost anywhere from $5,000 to $50,000 or more, depending on the size and scope of your project. Typical kitchen remodels range from $12,500 to $33,000.
A quick fix is to use a meal tray as your dirty dishes stacking zone. It will make transportation easier and eliminates multiple trips to your wash station. You can set up a washing zone in your bathroom, but many sink won't be deep enough to get the job done. There's also very little space to stack things once washed.
The average homeowner will spend $3,200 to $8,500 to replace their kitchen cabinets of average quality in a standard size kitchen. The average cost of kitchen cabinets ranges between $160 and $380 per linear foot for stock or semi-custom styles, and up to $1,000 per linear foot for custom cabinetry.
Installing flooring before your cabinets is the best choice for most hardwood floors. When professionals install floors then cabinets, it's easier to get everything to standard heights. It's also a safer installation process for your cabinets since you won't risk any damage to them as professionals install the floors.
12×12 Kitchen Renovation Costs
This is close to the standard size kitchen which is usually between 150 and 175 square feet. Budget roughly $26,000 to $52,000 for a kitchen renovation this size.
A useful rule of thumb is a kitchen remodel should cost no less than 5% and no more than 15% of the value of your home. Once you have this number in mind, add an extra 20% of this budget on top to set aside for unexpected costs.
Always install the tile to the wall, under appliances, and cabinets. Good flooring could be in place for 20 years or more. In that time there could be water leaks, appliance failures cabinet damage that requires replacement, electrical problems that require cabinets to be moved, etc...
(If you're really worried about counter or tile installers causing damage, we can always go in and do the cabinet painting afterwards.) However, in our experience it really doesn't matter. Most granite, quartz, or tile installers are careful with the neighboring finishes and won't cause damage.
Countertops are typically installed after flooring, cabinets, and appliances. This is true for both new builds, and remodeling projects. Since countertops sit directly on the cabinets, the cabinetry must be installed prior to the final measurements, fabrication, and installation.
Closure of facilities – public services, employment, amenities; if any of these services close, it could impact the value of your house as they're often appealing to buyers. Low school ratings – buyers pay to live in areas with good schools because they want their children to have access to the best education.