3 ways credit cards can save you money on home improvements — Store cards, a sign - up bonus and category cash back cards can cut
the costs of a kitchen remodel, home office or baby's nursery.
If you aren't convinced, consider
the cost of a kitchen remodel in which appliances can easily account for 30 percent of the total.
Check if existing appliances work, and if they don't, then plan on adding to
the cost of the kitchen remodeling.
I know this is a very sensitive question; but you somewhat alluded to it when you said you are waiting to purchase a new coffeemaker due to
the cost of the kitchen remodel.
Not only would have have likely spent a small fortune on more expensive appliances before we knew the overall
cost of our kitchen remodel, but we probably would have had to spend thousands more to redesign our kitchen around them rather than working them into the more cost effective design we ended up with.
The typical
cost of a kitchen remodel in 2017 is between about $ 12,000 and $ 33,000, with high end remodels costing as much as 50,000 (according to Home Advisor)!
The cost of a kitchen remodel can vary greatly but here is an indication of ballpark prices based on the various projects we have dealt with:
Use our kitchen remodel calculator to estimate the overall
cost of your kitchen remodeling project.
Not exact matches
One
of the biggest challenges to overcome when doing a
kitchen remodel is
cost.
By refacing their oak
kitchen cabinets, the couple saved about half the
cost of a traditional
kitchen remodel!
The cheapest semi-custom will
cost about $ 200 / SF (for a total cabinet
cost of $ 5,200 for our
kitchen remodel), but don't be surprised if the price climbs to $ 450 / LF (putting our
kitchen cabinets at $ 11,700).
Many homeowners use their home equity line
of credit to pay for home improvements:
remodeling a
kitchen or bathroom, getting a new roof, or to finance unexpected high -
cost repairs.
Despite the high
cost and negative return on investment, Consumer Reports says bathrooms are second to
kitchens on homeowners» lists
of rooms they want to
remodel.
Now suppose that over the years they
remodeled their
kitchen and two bathrooms for a total
cost of $ 100,000.
We hope today's post will help you, dear readers, understand the facts
of what a
kitchen remodel REALLY
costs, for a 200 square foot
kitchen, in different investment ranges, so you can make somewhat informed financial decisions to get the
kitchen of YOUR dreams.
Lewisberry, PA About Blog Avoid the
cost of major
kitchen remodeling with custom kitchen cabinet refacing from Kitchen
kitchen remodeling with custom
kitchen cabinet refacing from Kitchen
kitchen cabinet refacing from
KitchenKitchen Saver.
However, home owners will recoup the greatest share
of their
costs by foregoing super-deluxe projects in favor
of mid-range
kitchen and bath
remodels.
As for your
kitchen remodel budget, there is no way under the sun I would spend $ 15,000 on a
kitchen remodel on a cheap property (that's about half the
cost of the house).
Kitchens, bathrooms and bedrooms are the most common areas for
remodeling, which can
cost thousands
of dollars.
Still, the lighter color can offer a dramatic transformation to a
kitchen at a fraction
of the
cost of just a minor kitchen remodel, which could average around $ 18,900, according to Remodeling Magazine's 2014 Cost vs. Value Rep
cost of just a minor
kitchen remodel, which could average around $ 18,900, according to
Remodeling Magazine's 2014
Cost vs. Value Rep
Cost vs. Value Report.
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. Val
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 rep
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 rep
cost for midrange projects, according to
Remodeling magazine and REALTOR ® Magazine's joint 2002 Cost vs. Val
Remodeling magazine and REALTOR ® Magazine's joint 2002
Cost vs. Value rep
Cost vs. Value report.
Surveys such as
Remodeling magazine's «
Cost vs. Value» report detail how much it
costs to complete a variety
of major popular home improvement projects each year, including the always popular
kitchen and bathroom redos.
Bigger improvements such as
kitchen and bathroom
remodels only recovered 50 percent to 60 percent
of their
costs.
Costs range from $ 11,427 (in Raleigh - Durham, N.C.) to $ 18,538 (in San Francisco), and, taken as a national average, the minor
kitchen remodel recoups 88 percent
of that
cost.
A minor
kitchen remodel is the low -
cost way
of updating.
Objection (Seller): «We completed a $ XX
remodel of the
kitchen last year, and that
cost should be added to the suggested price range.»
That's one reason why home owners spend a whopping national average
of $ 54,200 on major
kitchen remodeling projects that include state - of - the - art appliances, cabinetry, countertops, flooring, and lighting, according to the 2006 Cost vs. Value Report, published by Remodeling
remodeling projects that include state -
of - the - art appliances, cabinetry, countertops, flooring, and lighting, according to the 2006
Cost vs. Value Report, published by
RemodelingRemodeling magazine.
Seattle also made the list
of cities with a
cost recovery
of more than 100 percent on decks and minor
kitchen remodels.
The report found that
kitchen projects yielded a higher return than bath projects, and that even a minor
kitchen remodel can add 82.7 percent
of the project's
cost to the home's value.
The average
cost of a minor
kitchen remodel — new cabinet doors, appliances, countertops, sink, faucet, paint and hardware — is under $ 20,000 nationwide, about half what surveyed consumers guessed.
According to the 2016
Cost vs. Value Report, a
kitchen remodel brings a long - term ROI
of 64.9 percent (not to mention an immediate bump in rent).
By contrast, the average
cost of a minor kitchen remodel is about $ 20,000, according to the Cost vs. Value rep
cost of a minor
kitchen remodel is about $ 20,000, according to the
Cost vs. Value rep
Cost vs. Value report.
Another important factor is mortgages have traditionally included conventional upgrades, i.e.,
kitchen (average
cost @ $ 50k according to the National Association
of Contractors) and bathroom
remodels, building additions, swimming pools, etc..
The most recent report, based on the top 16 home improvements for a mid-range home, says the highest
remodeling paybacks have come from vinyl siding replacement (with 87.2 %
of the
cost recouped), wood window replacement (85.3 %), minor
kitchen remodeling (85.2 %), bathroom
remodeling (84.9 %), and vinyl window replacement (83.7 %).
For example, specific home improvements can increase your property value above the
cost of the improvements themselves, such as
remodeling a
kitchen, adding a bathroom, finishing a basement or upgrading landscaping.
Specific home improvements can increase your property value above the
cost of the improvements themselves, such as
remodeling a
kitchen, adding a bathroom, finishing a basement or upgrading landscaping.
Of projects that saw national cost recovery rates of more than 80 percent in 2007, only one — a minor kitchen remodel, with 83 percent of cost recovered — was a strictly interior jo
Of projects that saw national
cost recovery rates
of more than 80 percent in 2007, only one — a minor kitchen remodel, with 83 percent of cost recovered — was a strictly interior jo
of more than 80 percent in 2007, only one — a minor
kitchen remodel, with 83 percent
of cost recovered — was a strictly interior jo
of cost recovered — was a strictly interior job.
A minor
kitchen remodel is ranked fifth and is expected to return 75.4 percent
of costs.
While not all
remodeling jobs earn a killer payback, the
Cost vs. Value survey found that minor
kitchen remodels that focus on upgrading the cabinets, appliances, and countertops are often a good bet, with a national average payback
of 79.3 percent.
The story was somewhat different in the Pacific region, however, where REALTORS ® estimated
cost recovery
of more than 100 percent for six projects: a wood deck addition, a minor
kitchen remodel, fiber - cement siding replacement, wood window replacement, and an upscale wood and vinyl window replacement.
Rounding out the top 10 projects in terms
of cost recouped include a manufactured stone veneer (newly included in this year's report) at 92.2 percent, a garage door replacement — midrange project (88.5 percent), a siding replacement with fiber cement (84.3 percent), a garage door replacement — upscale project (82.5 percent), vinyl siding replacement (80.7 percent), a wood deck addition (80.5 percent), a minor
kitchen remodel (79.3 percent), wood window replacement (78.8 percent), and foam - backed vinyl siding replacement (77.6 percent).
For a midrange project, a minor
kitchen remodel cost $ 20,122 and had a good return
of 83 percent, while a major
remodel cost $ 60,000 and had a 65 percent return.
A minor
kitchen remodel such as changing hardware, resurfacing cabinets and other minor improvements can earn a return on investment
of 83 percent, according to the 2016
Cost vs Value Report by
Remodeling Magazine.
According to
Remodeling magazine's latest
Cost vs. Value survey, the average price
of an upscale
kitchen redo hovers about $ 113,000.
It's not surprising that bathrooms have overtaken
kitchens as popular
remodeling projects, given the
costs of one project in comparison to the other.
For example, a major
kitchen remodel could mean that your home would
cost more to replace in case
of disaster.
Cabinet refacing
cost is about half, or a third
of the total
cost of an entire
kitchen remodel.
Well, we recently
remodeled our
kitchen and cut a lot
of cost by building our own
kitchen cabinets.
However, they balk at the thought
of spending that much on a
kitchen remodel when if done correctly, you can recoup around 75 %
of the
cost IMHO.
What most
of us ordinary people must deal with is either older homes in dreadful rundown condition, that need EVERYTHING — paint, new siding, totally redone
kitchens, new bathrooms, repairs to everything, new furnace, water heater, roof, etc. — OR
cost a fortune (because someone else did the
remodeling for you)-- OR more likely we have something much more modern, without any character or architectural detail to begin with.