The value that a kitchen renovation can add to your home can vary depending on a number of factors, including the scope of the renovation, the quality of the materials and finishes used, and the real estate market in your area.
A minor kitchen remodel can recoup an average of 72% of the cost, while a major kitchen remodel can recoup around 62% of the cost.
However, it’s important to keep in mind that the return on investment for a kitchen renovation can also depend on other factors, such as the age and condition of the home, the location, and the overall real estate market.
Ultimately, the value of a kitchen renovation should not be measured solely in terms of monetary return on investment, but also in terms of the improved functionality, comfort, and aesthetics it can bring to your home. A well-designed and updated kitchen can also make your home more attractive to potential buyers, which can help it sell more quickly and for a higher price in the future.