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What will You Spend on Your Kitchen Remodeling Project?

Joseph Coupal - Wednesday, June 20, 2012

Kitchen remodeling is popular with homeowners who want to invest in their homes and create a warm, stylish, comfortable, and efficient kitchen. In addition to improved aesthetics and organization, kitchen remodels also hold great resale value.
 
According to Remodeling magazine’s 2011-2012 Cost vs. Value Report, mid-range minor kitchen remodels – new countertops, appliances, cabinet fronts, and hardware – have an average national cost just shy of $20,000 and get 72% return on investment. Midrange major remodels, which include new appliances, cabinets, countertops, flooring, and lighting, have a mid-range average of $57,824 and a nearly 66% return.
 
Refacing or refinishing the kitchen cabinets is the perfect time to stop the clutter. Now is your chance to take inventory of everything you need to store; then plan accordingly. Shelves can be added, as can turn styles.
 
If you need more work area in your kitchen and space allows, consider adding a kitchen island as well.

In all likelihood, you’ll need to make some choices on where to save and where to splurge. “Keep your priorities front and center,” advises the NKBA Kitchen Planner. "What’s important to you?”

As for budget breakdown, the NKBA Kitchen Planner notes that regardless of the size and style of your remodeling project, you can expect cabinetry and hardware to run about 29% of your investment, appliances and ventilation can be 14%, countertops typically run 10%. Set aside 10 percent or 20% of your budget for contingencies.

For more information on any size kitchen remodeling projects, contact Kenneth C. Lewis.

Stats from Morning Sentinel

Beginning a Kitchen Remodeling Project

Joseph Coupal - Wednesday, May 16, 2012

Now is an excellent time to remodel your kitchen.  With summer about to start, the economy starting to pick up, now is the perfect time to start planning the kitchen project.  Kitchens are one of the most used spaces in the home, the “heart of the home”; used for homework, dinner parties, and coffee breaks.  How we use them plays a role in how we update them.

Before you begin your kitchen remodel project, ask yourself some questions:

  • What do you want from the kitchen remodeling project? What is your budget in both time and money?
  • To determine the scope of work think about the following:
  • How many people work in the kitchen regularly?
  • What condition are your cabinets in behind the old paint or ugly knobs and pulls?
  • What is your cooking style?
  • Who uses the kitchen and what do they do there?
  • How important is easy cleanup?
  • If you could splurge on one luxury, what would it be?
Don’t forget that you have options when it comes to cabinets. If you don’t need an entirely new kitchen layout, you may not need new kitchen cabinets. Cabinet refacing and refinishing are the perfect option for you. This dramatically cuts down on both the time you spend on the remodel and the amount of money you spend on the remodel.

When deciding to begin the project, remember that your home is still your biggest investment.  And you want to have the highest return possible on that investment, especially if are selling sometime in the near future.
 
Fortunately a kitchen remodeling project is something that recaptures nearly 100% return if you stay within the maximum 15% of the home's current market value.  

The entire kitchen project (including cabinets, appliances, countertops, flooring, lighting) should cost no less than 5% and no more than 15% of the current value of your home with approximately 50% of the total cost allocated for kitchen cabinets if you are buying new.

If you go through this exercise and determine that you either don’t have a large budget, or you don’t need to redesign the layout of the kitchen, contact Cabinetry by Kenneth C. Lewis.

Excerpts from The Baynet


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Email: info@kennethclewis.com/a>
Phone: (877) 574-9195