Remodeling your kitchen not only makes cooking more enjoyable, but also may increase the value of your home. Although the kitchen remodeling cost to home value ratio is not quite as favorable as it has been in recent years, the 2009-2010 Cost vs. Value Report, issued by Remodeling Magazine, showed that a minor kitchen remodel increased home value by $16,773, which is 78.3 percent of what the average kitchen renovation costs homeowners. Before you begin your kitchen remodel, be sure to set aside adequate time for planning and preparation.
Set a Budget
The first step to a successful kitchen remodel is to set a budget. Be realistic when you estimate renovation costs. According to the 2009-10 Cost vs. Value Report, a minor, mid-range kitchen remodel cost an average of $21,411, while a major remodel cost $57,215. For an upscale remodel, with luxury amenities such as custom cherry cabinets, stone countertops