The general consensus is that you will recoup around 90% of the money spent on a kitchen remodel. While this may be a significant factor if you are planning to sell your house in the near future, it should also factor any time you decide to remodel your kitchen. Kitchen remodeling will also give you a great return in the satisfaction and pleasure that you will get from living with a new kitchen. This should be the main factor in deciding on whether not to remodel your kitchen.
While Remodeling Magazine's report is very helpful, it is still a very one size fits all approach to establishing a budget. Keep reading if you'd like to try to hone your numbers a bit.
Factor 1 Home Value- Consider not only what you think your home is worth, but also the value of similar homes in your neighborhood that already have updates. My favorite website to check home values is zillow.com, simply enter your address and you get an interactive map with home values and other information listed right on the map. Take note of which homes are of similar size to yours, have been purchased more recently, but have a higher value, then peek in their windows to see what the house looks like. Ok, seriously, I was only kidding. If you don't know them perhaps it's time to meet the neighbors and ask for a quick tour.
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