Speaking of sale price, your expected date of sale has an effect on your total cost. Like I said above, if you plan on living in the home for a long time, don’t be afraid to splurge. After all, this is your kitchen, one of the most trafficked rooms in any house. However, if you plan on selling your house in the near future, say less than three years after the remodel, don’t go crazy with your kitchen renovation.
Installing new appliances costs between $100 to $300 per appliance on average. By installing higher quality appliances, you can instantly improve your home's value. If you’ve been thinking of keeping your older appliances, keep in mind that most kitchen appliances only last 10-12 years and can cost $250-$500 to repair; and you might end up saving more money by replacing them with warrantied, newer models now. Newer stainless steel appliances are smudge free, and there are many options available, including:
When planning for this project, ask yourself how long you plan to live in your house from the time of the remodel. If you plan to sell shortly after, you shouldn't spend too much money on it. The rule of thumb is that you should spend between 5 and 15 percent of your property's total value. This is the optimum range for homeowners to spend and expect to recoup.