What Is the ROI for a Kitchen Remodel?
There’s more to renovating your kitchen than a new and improved look. Kitchen remodels significantly enhance a home’s return on investment (ROI), meaning its overall value increases.
At Limitless Renovations, we’ve spent over 19 years delivering successful renovation projects by relying on our values of communication, timeliness and quality craftsmanship. With our dedication, you can achieve your dream kitchen remodel.
How Much Does a Bathroom Remodel Increase Home Value?
Kitchens are major considerations for individuals looking to purchase a house, as many buyers have a preferred style in mind when embarking on their searches. That’s why kitchen renovations have proven to be such beneficial investments to homeowners, increasing their home value and attracting potential buyers.
There isn’t a standard rate for kitchen remodel ROIs — rather, they depend on the degree of renovations, ranging from minor to major.
Minor Kitchen Renovations
Minor remodels involve making smaller changes to an existing kitchen rather than completely revamping the layout, moving walls or gutting the room down to its foundation. Minor renovations include:
- Replacing cabinet fronts.
- Buying new appliances.
- Upgrading countertops.
- Installing new flooring.
In 2020, the average cost of a minor kitchen remodel was $23,452, with a resale value of $18,206. That puts the average ROI for minor kitchen renovations at about 77.6%.
Major Kitchen Renovations
Full kitchen renovations involve overhauling your entire kitchen, performing upgrades like:
- Moving walls.
- Altering room layout.
- Adding all new appliances, cabinets and floors.
- Incorporating high-end components.
In 2020, full-scale kitchen renovations averaged $135,547, with a value of $72,993. That’s an average ROI of 53.9%.
Our Kitchen Remodel Process
When you choose Limitless Renovations for your upgrades, you’ll experience our reliable and stress-free kitchen remodel process:
1. Initial Review
We’ll begin with a scheduled visit from one of our project review and planning team directors, where we will personally review your project with you. During this consultation, we’ll comprehensively outline the scope of work, compile a detailed materials list and give you a schedule featuring the projected timeline for your renovation.
2. Project Approval
After the initial meeting, we’ll send you a copy of the scope of work document for virtual signing. Once you receive this document, we ask that you carefully review it for accuracy before contributing your electronic signature, which acknowledges your approval and acceptance.
3. Material Ordering and Delivery
Next, our production team will order all materials needed for your project. We’ll store these materials in our facility until we’ve received all necessary mediums, at which point we’ll deliver them to your home. Be sure to reserve space in your garage or inside your home for these materials.
4. On-Site Renovations
Finally, our installers will arrive at your location between 8:30 a.m. and 9:30 a.m. to begin your renovation project, leaving between 4 p.m. and 5:30 p.m. Your project manager will contact you before your projected start date to inform you of the exact day and time.
You are not required to be at home when our team is working — however, you’re more than welcome to watch us perform your renovations.
Increase Your ROI With a Kitchen Remodel From Limitless Renovations Today
You can boost your home’s value with a full kitchen renovation from Limitless Renovations. We strive to give our customers the most positive construction experiences in the industry.
Contact us to start your installation today!