Kitchen Remodeling Considerations
How to Determine Your Budget
Make a detailed list of your needs and wants, and be prepared to compromise if that number comes in way over what you can afford. We can help with ideas and inspiration.
Then a good rule of thumb is to spend as much as you hope to make back when you sell- IF you expect to sell in the next five years. However, if you have no plans on listing and selling your home within the next five years, the conventional wisdom is to spend as much as you need to create a kitchen that serves you and your family well and beautifully, as you will spend the next five years enjoying it.
Average Costs of Kitchen Remodels
In its annual Cost vs. Value report for 2020, Remodeling Magazine published a rate of $66,196 as the national average for a midrange major kitchen remodel, and a rate of $131,510 for an upscale major kitchen remodel.
Comparatively the numbers are just slightly less for our region. South Atlantic Region (Maryland, South Carolina, Florida, North Carolina, Georgia, Virginia and Washington, D.C.) where a midrange major kitchen remodel prices out at $63,387 and an upscale major kitchen remodel is $126,307.