The value of a remodel

[Peter Barrow Jr]

Hello everyone. This has been bugging me for quite some time now. I am currently a home owner and have wondered how this worked every since. So here goes. If a kitchen remodel is done for 40K, how is that translated into the homes value? Does the value theoretically go up 40K, or is the valid determined another way? Thank you for your time and advice in advance. PS: This is my first post.

[Peter Barrow Jr]

@Nathan I figured that was the case. @Elliot That is a good point. A complete rebuild would make assessing the value easier. Although I'm unsure if I will have that scenario, it's still good to know. Thank you both for your insight.