Blog

Major Kitchen Remodel Insight

Before you start planning on getting that kitchen remodeled before Christmas this year, be sure to read this!

“I just don’t understand why it is so expensive because my neighbor had her kitchen remodeled in Dallas 2 or 3 years ago and it only cost $55,000, or was it $40,000? Well, I’m not sure exactly but I know it did not cost this much money!”

Ever say that to your remodeling contractor or hear your best friend express the same sticker shock when they started to talk about remodeling their home? Of course we all have heard or expressed these sentiments ourselves.

Fortunately, being one of your neighbors, I can share with you some insight on this frustrating exercise because I have the inside scoop on what it really costs to remodel your kitchen. I am a Professional Remodeler, dedicated to my craft, with the same integrity and concern for meeting your needs as your doctor or accountant.

Unlike price shopping your new car, every remodeling project is unique to the home and the client, thereby making apples to apples comparisons virtually impossible. Fortunately, there is remodeling survey data, over 20 years old that provides you with national, regional and local data to help you at least establish an objective baseline for what your project will cost you. That survey is the Remodeling 2016 Cost vs. Value Report (www.costvsvalue.com). The National Association of Realtors and Remodeling magazine produces it.

So without any further ado, arm yourself with the following Kitchen Remodeling data and call your local remodeling professional to determine just how closely this tracks in your neighborhood!

Major Kitchen Remodel (Upscale)

Update a 200-square- foot kitchen with 30 linear feet of top- of-the- line custom cherry 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 under-mount sink with designer faucets and built-in water filtration system. Add new general and task lighting including low-voltage under-cabinet lights. Install cork flooring and cherry trim.

$188,199 Charleston Job Cost (Savannah figures not available)

$91,400 Resale Value

77.4% Resale Value

Major Kitchen Remodel (Midrange)

Update a 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.

$58,966 Charleston Job Cost (Savannah figures not available)

$45,375 Resale Value

77% Resale Value

The bottom line is that factually, assuming you have the cash flow and your neighborhood is similar to Charleston, you are better off spending the extra money on an upscale remodel of your kitchen rather than a midrange remodel. You end up with about twice the Dollar return, improve the attractiveness of your home when it is time to sell and of course will presumably get more enjoyment by having the nicer kitchen!

P.S. Designing to your budget and making your selections is a 90-day process so give us a call today so that we can get your kitchen finished before the holidays start in November!

temp-post-image

temp-post-image

temp-post-image