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Financial Considerations and Potential Returns
The cost of home renovations can vary widely based on the scope and complexity of the project. On average, a kitchen remodel can cost anywhere from $12,000 to $35,000, while a bathroom renovation might range from $6,000 to $15,0001. However, these investments often yield significant returns. For instance, a minor kitchen remodel can recoup about 77.6% of its cost at resale2.