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.

[Nathan Gesner]

Quote from @Peter Barrow Jr:

I don't know of a single renovation that will immediately increase the property value by the same dollar amount. Adding a new door to the front of the home may cost $800 but it will only increase the value $500. Adding a bathroom may cost $20,000 but only increase the value $10,000. It takes years and appreciation to get a 100% return on your investment.

Here's a calculator that gives you an estimate based on your region: https://www.remodeling.hw.net/...