You Asked, We Answered: A Kitchen Costs WHAT?
We get a lot of good questions from our clients and customers who visit one of our MBS Interiors showrooms. With 28 locations and some with multiple designers, you can imagine the overwhelming amount of questions every day. It’s natural. You come into a showroom, you look around, you see things you want to know more about, you ask questions.
Questions are good! They mean that you are walking the path to becoming an informed consumer. But why walk that path alone? This reoccuring series of “frequently asked questions” blog will gather the answers to some of our most common kitchen and bathroom questions, grouped together by subject. This week’s questions will focus on Money, Moolah, Greenbacks, Bucks, Bread, Dough, Dead Presidents, Benjamins and Bitcoin. You may even discover that you were curious about the same thing as someone in Indiana, Pennsylvania, or West Virginia. And after reading this blog, you will all have the answer! So, keep coming in to our showrooms and asking questions.
Let’s get the first one out of the way, it’s kind of like the elephant in the room because everyone asks this question when they come in: Where’s the bathroom? No, I’m kidding, it’s: How much does this cost?
How Much Does This Cost?
What a simple, straight forward question. However, it’s actually the hardest question to answer. The honest answer is, ”It depends.” There are countless factors that come into play when trying to nail down the cost of a kitchen or bath remodel. Do you want high end, custom-built Cherry cabinets with Marble countertops? Or were you thinking of a particle board cabinets with a laminate countertop? They are both options for your kitchen, but the prices are vastly different.
According to the Remodeling 2014 Cost vs. Value Report, the 2014 national average for a Mid Range*, Major Kitchen Remodel is $54,909.00. An average Upscale** Major Kitchen Remodel comes in at a whopping $109,935.00. Even a minor*** kitchen remodel has an average cost of $18,856.00 according to the Cost vs Value chart referenced in Remodeling Magazine.
Your MBS Kitchen Designer will help guide you through the all the choices you will face when trying to balance the Wants, Needs and Desires you have with the amount of money you have to invest in your project.
Are Your Prices Competitive?
This question is very similar to the previous one. Yes, we are very competitive with our competition, but you have to make sure you are comparing apple to apples. By answering a few of our questions, you will help us to give you a competitive quote in regards to the quality of cabinetry you want, the door styles, finish and hardware. The same goes for countertops, flooring, appliances, faucets and fixtures, lighting…the list goes on and on–and don’t forget about your budget. When our designers know how much you are willing to invest in your kitchen or bath, when they know what you are looking for, they will be better equipped to make you a quote that should be competitive with wherever else you may be looking. Our knowledgeable designers can can suggest substitutions or alternatives that can give you the kitchen you desire while keeping you on target with your investment.
How Much of a Return on My Investment Can I Expect?
Remember the Remodeling 2014 Cost vs. Value Report from the first question? Lets take another look at it, using the same examples used in answering that question.
A major kitchen* remodel gets you new cabinets, an island, countertops and flooring for $54,909.00. The data shows that you can expect a 74.2% return on investment in 2014, having a value of $40,732.00.
The major kitchen** remodel gets you custom cherry cabinets, stone countertops and top of the line everything. Remember this total? Yeah, $109,935.00 smackers. The return on investment, on a national average, is valued at $69,973.00, or 63.6%.
The minor*** kitchen remodeling project costs on average, $18,856.00 and includes such things as replacing the cabinet doors, getting new hardware and replacing the countertop adds a value of $15,585.00 to your home. That is a staggering 82.7% return on investment and is one of the top five valued added projects you can do to improve the value of your home.
The Designers at MBS Interiors know the product lines, and will be familiar with the details of your project so they can help you get not only the biggest return on your investment, but a realization of the space you have been dreaming about.
* Remodeling magazine defines a mid range, major kitchen remodel as:
Update an outmoded 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.
** Remodeling magazine defines an upscale, major kitchen remodel as:
Update outmoded 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 undermount sink with designer faucets and built-in water filtration system. Add new general and task lighting including low-voltage undercabinet lights. Install cork flooring, cherry trim.
*** Remodeling magazine defines an mid range, minor kitchen remodel as:
In a functional but dated 200-square-foot kitchen with 30 linear feet of cabinetry and countertops, leave cabinet boxes in place but replace fronts with new raised-panel wood doors and drawers, including new hardware. Replace wall oven and cooktop with new energy-efficient models. Replace laminate countertops; install midpriced sink and faucet. Repaint trim, add wall covering, and remove and replace resilient flooring.
© 2014 Hanley Wood, LLC. Complete data from the Remodeling 2014 Cost vs. Value Report can be downloaded free at www.costvsvalue.com.