An average kitchen remodel will pay off more than a high-end renovation. According to Remodeling magazine's Cost Vs. Value Report, a major kitchen remodel costs $68,490 and homeowners recoup $40,127, which is 58.6 percent. An upscale kitchen remodel costs $135,547, with a 53.9 percent ROI.
In general, summer is considered the very best time of year to remodel kitchen. However, because kitchens are an indoor job, you can choose to have the work done whenever it best suits your schedule.
Remodeling your kitchen increases home sale value. According to Remodeling Magazine, in 2021, minor kitchen renovations like replacing appliances, repainting, countertop upgrades, and new flooring typically recouped 72.2% of their cost in the home's resale value.
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.
Undoubtedly if you have a feature kitchen then this can be a real selling point. Clearly, this should be showcased when you list your house for sale on the property portals. A kitchen and a bathroom are generally the most expensive internal improvements that you make to a home. If yours are gorgeous, shout about it.
Either way, style trends or changes in family life often make people ask the question, “Is it time to remodel my kitchen again?” While it's definitely not something to do every year, most remodeling professionals recommend a kitchen renovation every 10-15 years.
The first step of any kitchen remodel is tear out and demolition. Before you are ready to create a beautiful new space, it is important to demolish and get rid of what's outdated or worn out. This is the time when you rip out anything you don't want to keep including walls, cabinetry, flooring, fixtures, or more.
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.
So, if you're installing new cabinets, most professional house painters would prefer to do their work after the cabinets are installed. This is because the cabinet installation generally involves some bumping and scraping, and the new kitchen paint is likely to be messed up in the process if it is applied first.
How much money can a new kitchen add to your home? According to the Royal Institution of Chartered Surveyors (RICS), a new kitchen can add around four per cent to the value of your home. HSBC calculates that as an uplift of £5,000 on average.
A new kitchen could add up to 10% to the value of your home.
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.
In most cases, given standard flooring heights, you will install the cabinets before the floor covering. Floor covering, or finish flooring, is the surface that you see and walk on, not the subfloor (under the underlayment) or underlayment (between the subfloor and finished layer).
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.
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...
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.
“Full kitchen renovations that include changes in plumbing and electrical service locations, along with all new appliances, products and finishes, can take anywhere between 3 to 5 months,” says Hidalgo-Nilsson, “depending on the size and complexity of the kitchen.
“A broad rule of thumb is that you should spend about 5 to 15 percent of your home value on kitchen renovation,” says Dan DiClerico, a smart-home expert for HomeAdvisor, a home improvement platform in New York City. “So, if your home is worth $300,000, you should spend $15,000 to $45,000 on the kitchen.
The average cost of a new kitchen in the UK in 2020 is estimated at £8,000 (including VAT and fitting). Most kitchen renovations fall between £5,000 and £14,000 all in. However, this can greatly increase depending on the size of the kitchen, the style of the units and worktops, and a couple of other factors.
Factors that make a home unsellable "are the ones that cannot be changed: location, low ceilings, difficult floor plan that cannot be easily modified, poor architecture," Robin Kencel of The Robin Kencel Group at Compass in Connecticut, who sells homes between $500,000 and $28 million, told Business Insider.
They say that the three most important things to think about when buying are home are location, location, location. You can live with almost any imperfection in a home if you love the neighborhood and your neighbors. You can change almost everything else. But, once bought, you cannot change your home's location.