Thinking of remodeling your home? In this weeks cost vs. value segment we’ll be looking at the kitchen. Remodeling the kitchen can be one of the most dramatic changes made to enhance a homes value and general appeal. Afterall, isn’t that where most good parties are! Here are the latest numbers for the Seattle area.
Minor Kitchen Remodel Project Description: In a functional but dated 200-square-foot kitchen with 30 linear feet of cabinetry and countertops, refinish existing cabinets, and install new energy-efficient wall oven and cooktop, laminate countertops, mid-priced sink and faucet, wall covering, and resilient flooring. Repaint. Job includes new raised-panel wood doors on cabinets.
Project cost: $22,380
Resale value: $28,183
Cost Recouped: 125.9%
Major Kitchen Remodel – Midrange Project Description: Update an outmoded 200-square-foot kitchen by designing and installing a functional layout of new cabinets, 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 disposer, and custom lighting. Add new resilient floor. Finish with painted walls, trim, and ceiling. Include 30 linear feet of semi-custom grade wood cabinets, including a 3-by-5-foot island.
Project cost: $60,199
Resale value: $64,785
Cost Recouped: 107.6%
Major Kitchen Remodel – Upscale Project Description: Update an outmoded 200-square-foot kitchen with 30 linear feet of custom cherry cabinets and stone countertops with imported ceramic tile backsplash. Include built-in refrigerator, cooktop, and 36-inch commercial-grade range and vent hood; warming drawer; trash compactor; combination microwave and convection oven; high-end, undermount sink; designer faucets; and water-filtration system. Add new general and task lighting, including low-voltage undercabinet lights. Install cork flooring with cherry trim. Include a 3-by-5-foot island.
Project cost: $116,210
Resale value: $115,287
Cost recouped: 99.2%
All of the statistical information was provided by
c 2007 Hanley Wood, LLC. Reproduced by permission. Complete city data from the Remodeling 2007 Cost vs. Value Report can be downloaded for free at www.costvsvalue.com