Remodeling your kitchen is one of the biggest home-improvement projects you can tackle as a homeowner. And an up-to-date kitchen is a big way to increase your home’s value—as well as enhance its appeal when it comes time to sell. How much you spend to remodel a kitchen can depend on your budget, your timeline for home occupancy, and also your goals. Check out our valuable, money-saving tips before you begin your remodeling plans and you’ll have all the info you need to make informed choices about your home’s new kitchen.
General Guidelines
Real estate agents and kitchen designers alike recommend a budget guideline of no more than 15 percent of a home’s total value when remodeling a kitchen. Spend more than that, it’s said, and you risk losing money at resale. Still, a functional, attractive kitchen offers intangible benefits, such as your increased enjoyment of cooking and enhanced entertaining possibilities. Consider how long you’re likely to stay in the house, and then decide which of the following three remodeling plans fits your situation best.