A kitchen remodeling can earn owners valuable returns for their home improvement dollars, returning a national average of 80 percent of cost for upscale projects and 67 percent of cost for midrange projects, according to Remodeling magazine and REALTOR ® Magazine's joint 2002 Cost vs. Value report. (realtormag.realtor.org)
Because of the high costs of land and taxes, the majority of new development has been focused on upscale projects that warrant higher rents.» (nreionline.com)
Demand for other upscale projects, with similar requirements, was also overwhelming, with buyers far outnumbering available housing units and fewer launches. (cnbc.com)