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How much is too much to spend on a kitchen remodel?

Julie B
5 years ago

Trying to budget our kitchen renovation. I am mindful that we are planning on living in this home for a long time, so am trying to balance smart investing with practicality based on how we live as a family. We are not only putting in a new kitchen, but are adding significant square footage to our home. The whole renovation is estimated to cost about 1/3 the current value of the home. Based on conversations with realtors in the area, the value of the home post-renovation should give us almost a 100% ROI if we had to sell right away. What percentage should be spent on the kitchen? Currently, it looks like close to 20% will be for the kitchen only. Is that too much as a percentage of the overall budget?

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