According to the 2009 Cost vs. Value Report
Mid Atlantic Region - National Averages
Mid Range Home Remodel Projects 2008-2009
What is a better investment - Major Kitchen Remodel vs. Minor Kitchen Remodel?
Project: Major Kitchen Remodel
Estimated Cost: $56,611
Resale Value: $43,030
Cost Recouped: 76%
Description:
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.
- VS -
Minor Kitchen Remodel
Estimated Cost: $21,246
Resale Value: $16,881
Cost Recouped: 79.50%
Description:
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 mid-priced sink and faucet. Repaint trim, add wall covering, and remove and replace resilient flooring.
For more information on Cost vs. Value Reports on other Home Improvements check out:
http://www.remodeling.hw.net/2008/costvsvalue/national.asp
