Budgets: Nailing Down a Fix-Up Budget
The experts at Remodeling magazine estimate that, on average, 75% of the cost of a mid-range kitchen redo can be recouped. So on a $20,000 project, you'll be lucky to "get back" $15,000 or so when you sell. And you aren't going to help your cause if parts of the kitchen look dated or shoddy.
Besides, I can guarantee you that at least 99% of your husband's desire for these two items is purely about status. He's got appliance envy. It can't be solely about looks, because there are plenty of lower-cost alternatives now that have the look and feel of high-end stainless-steel appliances. And it's not about your performance, either. Yes, the Viking delivers extra firepower. But a fancier oven isn't going to turn you into Emeril Lagasse overnight. And the deluxe fridge won't make a carton of ice milk taste like Ciao Bella gelato. Top-of-the-line appliances are luxuries, not necessities—and with a $20,000 budget for your entire upgrade, you can't afford to spend 40% of your entire budget on them.