Kitchen Remodel Appraisal Value. Compare that to a major, upscale kitchen remodel, which will only get you 54% roi. Generally speaking, you can spend between 6 and 10 percent of the total home value and get fair returns. A properly scaled and executed kitchen renovation can lead to a substantial roi in your property value.
A 50k kitchen renovation in toronto may have a reciprocal value, but in rural ontario it may only be worth 50 percent of the cost. There are always pros and cons with any home renovation.
That price also includes new appliances, lighting and flooring.
You’ll be disappointed with how much a kitchen remodel adds in value. Minor kitchen remodels tend to result in a higher roi than a major overhaul with upscale materials. For example, its widely known that updating an old kitchen can not only add value, but make the difference between whether or not a potential buyer will even consider a house. Renovation pros and cons also apply when it comes to home appraisals.
