Kitchen renovations are amongst the highest when it comes to rate of return. Consumers like homes to be "like new" and your home will show better with a new kitchen. The flip side is you could spend all that money for a design that the next buyer will come in and wish you had put in white cabinets, instead of woodgrain, so you never know. They will want to redo the kitchen anyway.
An important consideration is where you are priced compared to the other comparable homes in your neighborhood. Assuming you have an agent, go around and view your competition. See what they are offering at what price. Do they all have new kitchens? You should upgrade just to compete. If they are all older kitchens, your new kitchen might be just what you need to get sold. Good luck!... more