As the central gathering place of any home, the kitchen is often top of mind when it comes to the desire to remodel or renovate. Not only does kitchen remodeling usually represent a quality of life boost for your family, but it can also improve your home’s resale value. Everyone wants a beautiful, comfortable, highly-functional kitchen space with lots of easy-to-reach storage space in the cabinets and pantry, spectacular countertops, energy-efficient appliances, and stunning new colors and fixtures.
When remodeling a kitchen in Northern Virginia you can expect an ROI of anywhere between 57 to 72 percent, depending on the depth and extent of the project. Of course, if you plan to remain in your home and enjoy the new features, the calculations would be different when factoring in the enjoyment and ease you get out of using your upgraded kitchen.
So, how much does it cost to renovate a kitchen, exactly? Well, that depends on several different factors. Some of the factors that can impact what should be included in a kitchen remodel budget include:
For some perspective, Remodeling Magazine’s 2021 Cost Vs. Value Report said national averages for kitchen remodeling projects fall within these ranges:
For this guide, we will focus on kitchen remodeling in Arlington, VA. Understand that these are all ballpark ranges. Your kitchen remodeling project may fall between those ranges, or outside of them, depending on your individual needs and desires, and how extensive your project is.
As you go through the process of planning your kitchen upgrade, more specifics will emerge so that you can get a more accurate indication of the real price.
Average: $26,214 (ROI 72.2%)
When doing a minor, midrange kitchen remodeling project, you get the most ROI for your expense. You will keep the existing kitchen layout and won’t need to gut or move walls. And yet, even with surface updates like these, you can get a nice resale value bump, and enjoy a considerable improvement in the time spent in your kitchen.
Average: $75,571 (ROI 57.4%)
In addition to many of the same elements that you would expect within the realm of a minor-midrange kitchen remodel, a major-midrange kitchen remodel includes several more exciting characteristics that can improve your kitchen’s functionality significantly. Naturally, if the complexity of your project increases, so does the price, as well as the kitchen remodeling timeline you can expect. Within this range, you might also add these elements:
A major, mid-range kitchen remodeling project may also include some minor floor plan layout updates too, especially when adding a kitchen island to the mix. Adding a kitchen island can increase your storage space capacity as well. And it is amazing the kinds of upscale laminate countertops Northern Virginia families have access to these days.
Average: $149,079 (ROI 53.9%)
If you truly spend a lot of time in the kitchen and high-end functionality and style are requirements rather than just luxuries, the major-upscale kitchen remodel is for you. This sort of remodeling project may also include significant changes to the current layout, which can lengthen the timeline and increase the budget. With an upscale kitchen remodel, you might factor in these improvements:
Although the ROI on a major-upscale kitchen remodeling project is lower than the other types, if you and your family will truly make good use of features such as top-of-the-line commercial-grade appliances, the most durable materials, and additional storage space that might change your layout, it could very well be worth it for you.
Getting the kitchen of your dreams can be as simple as a minor surface update or as deep as knocking out walls and redoing the floor plan—or anywhere in between. It is so important to make sure that the design-build team you choose for any home improvement project (from kitchens to bathrooms, from master bedrooms to basements, etc.) has a reputation for top-notch quality, excellent communication, and reliability.
Here at Silva Construction Group, our team of kitchen remodeling experts can help you get the best value and highest quality for your needs. Schedule a consultation today.