Ask yourself these 3 questions before you determine your kitchen renovation budget


How much can you afford to spend?

How long do you plan to stay in your house?

Where is your neighborhood located?


You might know a neighbor who spent $10,000 on a kitchen and your friend just spent $100,000 on a kitchen. Both the kitchens look good so you dont understand why there is so much difference. The neighbor must not have a total gut job. They had probably already invested in their appliance few years back, and used cheaper materials for their kitchen.


Your friend on the other hand must have done a complete redo of their home. They probably took down walls and invested in the best materials that they could afford. Their kitchen is probably going to last them forever.


But the question comes down to what should you spend?


Spend what you can afford. If you need to do things in stages, let your designer know and prepare for that.


How long are you planning on staying in your home?


This determines a lot of things. If you are planning on living in your home for atleast 5 years or more, make sure you invest in your DREAM KITCHEN. Right from when you wake up and want that 1st cup of coffee, you use your kitchen every single day. A well designed kitchen adds to the quality of your life. If you dont have enough money to spend today, prepare for doing things in stages and invest in the foundation first.


Where is your neighborhood located?

If you are in a very affluent neighborhood, you need to make sure your kitchen also reflects that. Generally 10-15% of your home value is invested in your kitchen.

That means

Kitchen renovation budget for a:

$300,000 house: $30,000 to $45,000

$500,000 house: $50,000 to $75,000

$750,000 house: $75,000 to $112,500

An estimated 75-100% of what you put into your kitchen can be recovered, this makes kitchen renovations one of the smartest renovations that you can do. 

Do you need help figuring out how much you should spend on your kitchen renovation?

Call me – 732-567-3489 and lets figure this out.

Leave a Reply

Your email address will not be published. Required fields are marked *