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How much does it cost to remodel a kitchen?

Asked by prettysoutherngal over 4 years ago, 1 answer.

Answered by haelcyon on May 08, 2008, 01:51PM

hi.

Redoing your kitchen can range from a few thousand dollars to spiff it up a little to $50,000 or more. Depending on where you live, if the value of your home is between $160,000-190,000, then a mid-range remodel could be a good value at about $25,000, especially if homes in your neighborhood are selling for around $190,000-220,000. It also depends on how much equity you have and how old the kitchen is. If you bought your house in 1974 and the kitchen has never been redone, you could probably get a home equity loan at an extremely good rate and do whatever your heart desires. If you bought your home two years ago, your options will be different. The goal should be to improve your home to the extent you can recoup any investment you make. If you have the money and want to do more, you may not get as much back, but it’s your kitchen and you’re the only one you need to please.

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