Kitchens have come a long way. Once reserved just for preparing and cooking meals, today's kitchen is a gathering place; a place where people come not only to cook, but to socialize with family members and entertain guests. Indeed, the eating room is the new social spot in many homes these days.

Many homeowners are investing thousands in this one room of the home, alone. It's not uncommon for a remodeling project of this type to cost five figures. Nationally, most kitchen renovations cost anywhere from 5% to 15% of a home's value.

Once relegated to the back room of the house, kitchens have moved to the forefront. Larger, roomier kitchen designs are equipped to host large parties and family gatherings. Designers are following this trend making kitchen design more interactive. Many modern kitchens come with islands to incorporate features like sinks and stove tops mixed with space where family members and friends can eat and talk.

Kitchens have also gone more upscale with features such as recessed lighting and features that complement the overall design of the home. Gone are white cabinets and formica countertops. Instead, homeowners are opting for granite countertops and a higher-end, wood kitchen cabinet in cherry and mahogany wood finishes. And let's not forget about appliances! With many remodeling jobs exceeding five figures, new appliances are an absolute must, especially in popular stainless steel finishes. If you're really looking for bling or just entertainment while tending the cooking fires home chefs can buy a refrigerator with an icemaker and a television built in!

Upgrading your kitchen is a smart investment that with proper guidance will yield homeowners big returns for years to come.