What is the ROI on a kitchen remodel?

The return on investment (ROI) for a kitchen remodel can vary depending on several factors, such as the extent of the remodel, the quality of materials used, and the real estate market in the area. However, according to a 2021 report by Remodeling Magazine, the national average ROI for a major kitchen remodel was 53.9%, which means that homeowners recouped slightly more than half of the cost of the remodel when they sold their home.

It's important to note that the ROI for a kitchen remodel can vary significantly based on factors such as the location of the home, the size of the remodel, and the specific improvements made. For example, minor kitchen remodels tend to have a higher ROI than major remodels, with an average ROI of 72.2% according to the same report.

Ultimately, the ROI of a kitchen remodel should not be the only factor considered when deciding whether or not to undertake the project. A kitchen remodel can improve the functionality and aesthetics of your home and can enhance your quality of life while you live there, even if you do not recoup the full cost of the remodel when you sell your home.