Kitchen Remodeling continues to be the most common and popular major reconstruction of existing homes. The most significant reason is the return on investment ROI. Modern and updated kitchens are among highest percent of return on the investment dollar in home remodeling with baths being #1.
The annual Cost vs. Value Report - a joint study done by the National Association of Realtors and Remodeling magazine - provides national averages. The report estimates the cost of an average home improvement project and compares it to the value it would recoup if the home were sold a year later. Real- estate agents and appraisers in 60 residential markets across the country provide ROI estimates.
Minor Kitchen Remodel, Mid-Range
For example, the 2006 report puts the national average price of a mid-range minor kitchen remodel at $17,928, averaging a return of 85.2 percent
Major Kitchen Remodel, Mid-Range
A major kitchen remodel at a mid-range price will run an average of $54,241, according to the report. A year later, you can expect to recoup 80.4 percent
Major Kitchen Remodel, Upscale
Price tag: $107,973, according to the report, with an ROI of 75.8 percent
As you can see a minor or even major kitchen remodel combined with some regular home value appreciation can overcome the cost of the remodel in very little time. While you (the homeowner) must ultimately decide on whether a kitchen remodel is right for you, it is comforting to know that you'll get a big portion of your investment back while you're enjoying your newly remodeled kitchen.
The good news is that in the Austin area our prices are generally a little lower than the national average. Before you go shopping for the cheapest kitchen remodel you can find, please consider what your decision means.
In a "typical" Kitchen Remodel the following items may need to be addressed:
- Structural changes (demo of existing and rebuilding of new floor plan)
- Old kitchen's cabinets, appliances, and other features removed
- Mechanical changes (i.e. electrical wiring and plumbing)
- Painting or other wall decorating
- Flooring Depends on material
- Cabinets
- Appliances (Stove, Microwave, Cook top, Refrigerator, Dishwasher, garbage compactor, wine cooler)
- Lighting
- Countertops (laminate, solid surface, stone)
- Plumbing fixtures (Sink(s), faucet(s)
Other kitchen services provided are:
- Cabinet repair
- Cabinet painting
- Tile backsplash
- Countertops
- Appliance installation
- Flooring
M.H.M. Remodeling provides excellent value. We stand behind our projects for three full years (long after the "man in the truck" has gone out of business). Please consider your options carefully. In this modern age of computer technology, much of the referral business has been outsourced to websites whose motif is to generate revenue. Many contractors pay money to get referrals from these websites. These web resource services have no way of checking the background of contractors. They don't have the resources to check the financial stability, character and quality of service references that should be checked prior to hiring a construction pro. The service simply collects a fee and merges those who need service with those who say they can provide service. This cost is passed on to you for the privilege of knowing how to use your computer. You will be living in your home while contractors come in and work. Make sure you check out their references not only for their quality of work but for your own safety. With 20 years experience, M.H.M. Remodeling can provide resources all over Austin to affirm our reputation as a top notch contractor. We work in the homes of many Austin area professionals. We are a conscientious, moral and ethical contractor who has years of experience building some of the most beautiful kitchens in Austin. Everyone deserves to get not only what they paid for but also the service and expertise they should expect from a professional remodeling contractor.
Call today or request a free quote online.