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