Here’s a quick explanation of Home Renovation Budgeting to see a solid return on your investment or R.O.I.
A kitchen is typically 10-15% of the value of a property, so if your home is worth $300,000, you’ll want to spend $30-45,000 to recoup the most from your investment. A bathroom is 5-10% of the value of your home. 5% for guest bathrooms and 10% for larger or master bathrooms. So that would be no more than $15-30,000. If you haven’t had your home recently assessed sites like Zillow or Redfin are a good place to find your value or the value of a nearby property.
To pick finishes that work well for resale, consult an experienced designer who is familiar with the neighborhood. We always suggest using IKEA cabinetry and an experienced IKEA kitchen installer like us to help with your budget.