Midrange remodels, on the other hand, do not bring as much as you might think. The average midrange renovation brings in around 62.1% of the initial investment, which is up from 2018’s ROI of 59%. The average cost for this type of renovation is $66,196, meaning that the return would be around $41,133. This goes beyond simple updating to adding an island or adding more personalized touches and needs that may be better for your needs but may not hold as much mass appeal. If you’ll be using the kitchen for some time before selling, or there are problems that need to be addressed before selling, then this could be worth it.
Most popular kitchen ideas for renovators to update
On top of the above recommendations, adding a stylish new paint color to walls, trim, or ceiling is a great addition when updating your kitchen. You can choose to update all of the above or choose a few options to freshen up your kitchen’s style.
The most popular design styles in 2019:
Transitional, Contemporary, Farmhouse, and Traditional
When it comes to style, a white kitchen is currently the most popular choice for renovators. White brightens and opens the room, offering flexibility when it comes to styling. White Shaker cabinets, countertops, or backsplashes can each be used in any of the four top current design styles above. The rest of the styling is dependent on which materials and finishes are used throughout the kitchen, such as kitchen hardware, faucets, and sinks.
What about high-end remodels?
We describe high-end renovations as intensive, costing over $100k. With that in mind, high-end kitchen remodels tend to bring in the least ROI with up to 59.7% of costs being returned. However, that number is up significantly from 2018, where the return was just 53.5%. That means buyers are valuing kitchen updates more than they were. If the average spend to remodel is $131,510, the return is around $78,524. Upscale remodels tend to cater to a specific homeowner’s style, with ceiling to floor changes, replacements, and possibly even expanding or opening the kitchen layout beyond the original floorplan.