How much does it cost to remodel a kitchen/bath?

Depends.

Let me ask you this: how much does it cost to buy a new car? Hard to believe that you can spend — hang on to your Calvins — $20,000 on a new Ford Fiesta! It’s got cloth seats; an engine that sounds like a box of honeybees; and a millennial security system better known as a manual transmission.

On the other hand, you could spend well over $100,000 on any number of luxury cars that will take you from zero to 60 MPH in under four seconds, blow cold air up your keister in August, and make Nirvana sound like they were riding in the back seat.

Luxury, performance, bling; they all cost.

Kitchens and baths are the same. Vinyl sheet flooring, laminate counters, and my-old-toilet-is-good-enough-for-me plumbing fixtures has one price tag while heated tile floors, a steam shower, and slab counters comes with another.

Typical Kitchen: $90,000-140,000, including new appliances, custom cabinets, slab counters, new plumbing and lighting fixtures, flooring, and paint. And maybe some walls removed and custom lighting installed.

Typical Main Bathroom: $50,000-120,000, including custom cabinets, slab counters, new plumbing and lighting fixtures, tile flooring, heated floors, custom tile showers, shower glass, maybe a steam shower, and paint.

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Is remodeling tax deductible?

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