Quality Kitchen Remodeling
New Kitchen Cost vs. Return on Investment:
you are planning to remodel your kitchen in 2018, it is important to know what
kind of return on investment this improvement will bring. Knowing the average
ROI of updating your kitchen can help you budget wisely.
Overall, renovated kitchens bring one of the
highest ROIs in the remodeling industry, roughly 70%.
Prospective buyers pay special attention to the look and functionality of a
kitchen and have very high expectations for this space.
It is very important to realize that your return on investment will be affected by many factors, such as the housing market, value of the house, and type of updates you do.
Minor updates that cost $12,000-16,000 have the highest ROI - an impressive 91-92% This is because making small improvements can go a long way in making a stellar first impression, boosting the home's desirability, and raising the sale price.
Relatively inexpensive kitchen remodeling ideas that add the most value are:
- Fresh wall paint
- Replace flooring & Countertops
- Beautiful light fixtures
- New sink and faucet
- Attractive backsplash
Pro Tip: you get the highest returns on redoing a kitchen when you spend between 6-12% of the total home value.Yet another key to maximizing your ROI is being in tune with the particular trends of your local real estate market.
1. The level of finish that is on the price list is considered “Standard builder grade finish”, which is the most cost-effective way to get the job done. Prices will change depending on any specific materials, custom work and a tight schedule.
2. All prices are for work that is done by code and inspected by the city, if necessary.
3. Labor charges are for licensed and insured contractors. The estimate takes into account overhead costs associated with maintaining a safe business. This makes it very accurate and similar to real figures you would get from your local pros.
4. Permit prices vary greatly depending on location and therefore they are not included in our list.
HOW TO SAVE MONEY ON SLAB COUNTERTOPS
The first and most important step is to Measure your existing countertops. This will make it easy for you to get accurate pricing!
To make it easy, measure the length of the front edge of your counters. Get total length in inches. Multiply length by 25 (depth of standard countertops) and divide by 144. This will give you the square footage amount to shop for.
If you have inside corners, add 4.34 square feet for each inside corner (25 * 25″).
EX: If you have 250″ of counter length, and 1 inside corner, do the following: 250 * 25 = 6250 + 625 (inside corner) = 6875 / 144 = 47.75 square feet! You can expect to pay $45.00 - $65.00 per Sq Ft for natural stone.
2) Find a fabricator that is located in “less expensive parts of town”.
Don’t limit yourself to the most popular stores only. Do a 25-mile radius search on Google Maps. Preferably find a countertops contractor/fabricator that advertises prices. If they don't advertise or are not willing to share prices with you, that just means that they work with contractors to provide the best pricing. Please contact us to help you with the price negotiation process.
3) Visit several fabricators and get quotes for colors you like. Be open to other types of stone and color variations, especially the ones that are on sale!
Try preliminary negotiations by asking: "Please show me the slabs that are on sale or discounted" and “What kind of discount can you offer me?”
Also ask about a CASH price and see if you can avoid paying sales tax when paying cash.
4) Once you have several negotiated quotes, choose the least expensive fabricator that offers you the price & color that you want but insist upon the best installation crew. It's not going to be good to find the perfect slab at the best price, only to have it destroyed by an incompetent installation crew. I've seen it happen! Make sure that the shop offers you an installation warranty to protect you from a poor installation.