According to HomeAdvisor.com, you should follow the 5 to 15 percent rule, which means your kitchen remodel should cost no less than 5 percent of your home's value and no more than 15 percent.
Is $30,000 enough for a kitchen remodel?
The National Kitchen and Bath Association recommends spending no more than 10%–15% of your home's total value on a kitchen renovation. This amounts to no more than $30,000–$45,000 for a $300,000 home.
What is the most expensive part of a kitchen remodel?
As mentioned earlier, cabinetry usually tends to be the most expensive part of a kitchen remodel. It can cost up to $15,000 even in a relatively minor remodel with a budget of about $30,000. In an upscale remodel, choosing kitchen cabinets can take up nearly 20 to 40 percent of the entire budget.
How to budget for a kitchen remodel?
Experts say that, as a rule of thumb, plan to spend between 5% to 15% of your home value on a kitchen renovation. If your home costs $300,000, your kitchen renovation budget range should fall between $15,000 and $45,000. Staying in this range will help you maximize the return on your investment.
How much is too much to spend on remodeling?
As you plan your renovations, keep in mind that the remodeling price tag for no single room, except the kitchen, should exceed about 10% of the house's current value. Kitchen renovations are more costly and, in some cases, can exceed 15% of the home's value.
What is the biggest expense in a kitchen remodel?
Part of determining that price of your kitchen remodel is the extent of your makeover. Your biggest cost investment for a kitchen remodel will usually be cabinets, which typically eat up 25 percent of your budget.