If you decide the area that needs improvement the most is the kitchen then you are definitely in luck. Studies indicate that the most profitable way to increase the value of your home is through kitchen remodeling. The kitchen is the heart of the home, everyone eventually ends up in the kitchen.
Beginning the process of remodeling your kitchen can be confusing and frustrating with all of the decisions and choices that must be made from selecting the design, to the cabinets, lighting, appliances, countertops, plumbing fixtures and flooring.
*Avg. Pacific Midrange Minor Kitchen Remodeling Project
In a functional but dated 200-square-foot kitchen with 30 linear feet of cabinetry and countertops, leave cabinet boxes in place but replace fronts with new raised-panel wood doors and drawers, including new hardware. Replace wall oven and cooktop with new energy-efficient models. Replace laminate countertops; install midpriced sink and faucet. Repaint trim, add wall covering, and remove and replace resilient flooring.
- Cost: $23,603
- Resale: $19,854
- Cost Recouped: 84.1%
An out-dated kitchen may need to be totally gutted. New custom cabinets and natural stone countertops become a must-have. A kitchen remodel is something the chef of the house wants and deserves. Changing an inconvenient traffic flow and adding state-of-the-art appliances to make gourmet meal preparation possible is every chef’s dream.
*Avg. Pacific Midrange Major Kitchen Remodeling Project
Project: Update an outmoded 200-square-foot kitchen with a functional layout of 30 linear feet of semi-custom wood cabinets, including a 3-by-5-foot island; laminate countertops; and standard double-tub stainless-steel sink with standard single-lever faucet. Include energy efficient wall oven, cooktop, ventilation system, built-in microwave, dishwasher, garbage disposal, and custom lighting. Add new resilient flooring. Finish with painted walls, trim, and ceiling.
- Cost: $65,666
- Resale: $50,556
- Cost Recouped: 77%
*Avg. Pacific Upscale Major Kitchen Remodeling Project
Project: Update outmoded 200-square-foot kitchen with 30 linear feet of top-of-the-line customcherry cabinets with built-in sliding shelves and other interior accessories. Include stone countertops with imported ceramic- or glass tile backsplash; built-in refrigerator, cooktop, and 36-inch commercial grade range and vent hood; built-in warming drawer, trash compactor, and built-in combination microwave and convection oven. Install high-end undermount sink with designer faucets and built-in water filtration system. Add new general and task lighting including low-voltage undercabinet lights. Install cork flooring, cherry trim.
- Cost: $123m012
- Resale: $81,201
- Cost Recouped: 66%
While planning your budget for your kitchen remodeling project you have to determine your wants and needs as well as consider how long you plan to live in your home. When you are planning on staying in your home for more than five years, planning a budget of 15%-18% of the total value of your home is a reasonable investment. These questions will help you consider what you want and need from your kitchen remodeling project.
- How often do you prepare meals in our kitchen?
- Is your kitchen the focal point of daily family life? Is the face of the refrigerator an art gallery for your little artists? How much time do you spend in the kitchen and dining room area?
- Do you have children or physically impaired family members in the kitchen?
- Do you eat in the kitchen, or is it a place for meal preparation only?
- How often is there more than one person involved in meal preparation?
- How does the current traffic flow work in our kitchen and how would you improve it?
- What are your storage needs? How often do you shop and how much room do you need for all categories of consumables?
- Are you happy with the appliances you currently have, or are you going to update them during the remodel?
- How safe and efficient is your current kitchen and what changes might you make to correct deficiencies?
- Is there enough light for meal preparation?
- Do you need more countertop surface area to prepare meals efficiently?
- Do you need a larger stove or refrigerator?
- How much are you willing to invest to have the kitchen you want?
*Project information comes from the Remodeling 2010-11 Cost vs. Value Report, copyright 2010 Hanley Wood LLC and is reprinted here by permission. Complete data from the Remodeling 2010-11 Cost vs. Value Report can be downloaded for free at www.costvsvalue.com
Contact us to discuss your kitchen remodeling project.