Cost vs. Value: Kitchen Remodel Pricing and the Impact of Rising Inflation

Kitchen remodeling remains one of the most popular home renovation project, but as inflation continues to rise, homeowners are facing increasing costs. According to the 2018 Cost vs. Value Report from Remodeling Magazine, the price of a kitchen remodel has gone up across all budget levels, making it more important than ever for homeowners to weigh cost versus long-term value.

Kitchen Remodeling Costs in 2018

The Cost vs. Value Report highlights the average national costs for kitchen renovations:

• Minor Kitchen Remodel (Mid-Range): $21,198, with a return on investment (ROI) of 81.1%
• Major Kitchen Remodel (Mid-Range): $63,829, with an ROI of 59%
• Mahor Kitchen Remodel (Upscale): $125,721, with an ROI of 53.5%

These numbers indicate that while kitchen renovations can be costly, they continue to offer strong resale value—particularly for minor updates.

Inflation’s Impact on Remodeling Costs

Rising material and labor costs are contributing to the increase in kitchen remodeling prices. The cost of lumber, cabinetry, and appliances has gone up due to inflation and increased demand. Additionally, a skilled labor shortage is driving up contractor fees.

For homeowners, this means higher upfront costs, but kitchen remodels remain a worthwhile investment. To maximize value, focusing on functional upgrades and timeless designs can