Homeowners spend more money on kitchen remodeling than on any other home improvement project. And with good reason: kitchens are the hub of home life and a source of pride. A significant portion of kitchen remodeling costs may be recovered by the value the project brings to your home. A complete kitchen renovation with a national median cost of $60,000 recovers about 67 percent of the initial project cost at the home’s resale, according to the “2015 Remodeling Impact Report” from the National Association of REALTORS®.
The project gets a big thumbs-up from homeowners, too. Those polled in the “report”gave their new kitchen a Joy Score of 9.8 – a rating based on those who said they were happy or satisfied with their remodeling, with 10 being the highest rating and 1 the lowest. To maximize your return on investment, follow these seven strategies to keep you on budget and help you make smart choices.
Plan, plan, plan
Planning your kitchen remodel should take more time than the actual construction. If you plan well, the amount of time you’re inconvenienced by construction mayhem will be minimized. Plus, you’re more likely to stay on budget.