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Dave Ramsey: How Will A Kitchen Renovation Affect Your Home's Value?

How Will A Kitchen Renovation Affect Your Home's Value?
 
 
If you want to spice things up with a stylish showpiece in your home, the kitchen is the hottest place to be. Homebuyers are willing to spend thousands of extra dollars for an updated kitchen. If you've got the budget, why not enjoy those bonuses in your own home right now?
 
Imposing Price Tag
Kitchen renovations are notoriously expensive. Remodeling magazine's Cost vs. Value Report 2013 says the cost to renovate a 200-square-foot kitchen with wood cabinets, an island, laminate countertops and a standard sink and faucet is about $54,000.