Category Archives: Kitchen Cost

Kitchen Remodeling: How much SHOULD it cost?

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The first two questions we usually get from new clients looking at kitchen remodeling is “How much is this going to cost” and sometimes “How much should this cost?”  At Teknika Design Group we start with the second question.  Why, because that is what determines if you will 1. Get money back for all your hard work and 2. Enjoy your new kitchen.

So how do you figure that out?  There are three facts and 1 intangible to look at.

The first guidance we give is what we hear from real estate experts,  kitchen remodeling should be between 10 and 20% of the value of the home.    The old adage is that you do not want the most expensive home in your neighborhood for resale, but neither do you want potential buyers to be scared away by a huge remodeling project.

The second fact to look at when making your budget decisions is how much others in your area spend.  The Remodeling 2013 Cost vs. Value Report at  http://www.remodeling.hw.net/2013/costvsvalue/national.aspx can help us with that information.  This report that comes out yearly and has 35 possible remodeling options divided up between midrange and upscale projects.

For kitchens there are midrange Major and Minor Kitchen remodels as well as upscale major kitchen remodels.  The definitions are all based on a 200 square foot kitchen with 30 linear feet of cabinetry and countertops.  Here are the specifics:

Midrange Minor:   reface the cabinets, replace Formica countertops, low end appliances, hardware, sink and faucet.

Midrange Major:  semi-custom cabinets, laminate countertops, double stainless steel sink with single lever facet, midrange energy efficient appliances and new vinyl flooring.

Upscale Major:  custom cabinets with interior storage accessories, stone countertops, glass backsplash, high end appliances, under mount sink, high end faucet and filtration system, under cabinet lighting and new solid wood flooring.

So what are the average cost and resale values in the Philadelphia area?

                                             Cost                       Resale Value                     Cost Recouped

Midrange minor               $20,894                  $14,067                               67.3%

Midrange Major               $60,558                  $39,880                               65.9%

Upscale Major                  $116,836               $66,094                               56.6%

 

Another obvious question is how does kitchen remodeling compare with other renovations you can do on your home?  The highest cost recoup for the Philadelphia area was garage door replacement at 76.7%, then siding replacement (fiber/cement) at 74.6%.  The average was in the high 50%, low 60% range for cost recouped.  This means that kitchen midrange renovations are a good value.  However, if you want to go for the upscale major remodel you had better be sure you are in the 15% range of your home’s current value.

The final fact is how long you plan to remain in your home.  If you plan to stay in your house 5 years an upscale major remodel will cost you $10,148.40 per year.  If you plan to stay in your house another 20 years it will only cost you $2,537.10 per year.

The final factor, an intangible one that needs to be answered is what you need to enjoy your kitchen to the max.  Do you absolutely have to have the Subzero refrigerator with the Viking stove, the Miele dishwasher and custom cabinets.  If you are planning to stay in your home for 15 years it might be worth the cost.  Think how many times in those 15 years you will walk in the kitchen and go WOW.  So remember calculate the 3 facts of kitchen remodeling costs but spend time on the intangible factor as well.

Any questions let us know.  You can reach us by calling 215.922.4414 or by emailing me at ameade@teknikadesigngroup.com .   If you want to see our portfolio of work, go to http://www.teknikadesigngroup.com/Portfolio.py.

How Much Will That Philadelphia Kitchen Cost? Step 1.

By Amy Meade of Teknika Design Group                 February 27, 2012

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A big chunk of the cost is up to You.  What do you need?

Because there are so many elements, products and aspects to a Philadelphia Kitchen remodel, basically so much of everything, budgeting can be difficult. However the true secret is to start with you.

The first step on the way to your new Philadelphia kitchen is to determine realistically what type of consumer you are. We all know there are tradeoffs between sweat equity and dollar outlay and a Philadelphia kitchen renovation is no different.  We all want to be sure that we get the most for our money so you need to know yourself first.  Read the descriptions below and see where you fit.  You might need to adjust your budget expectations, but in order to get the best Philadelphia kitchen for you, with the least amount of stress, you need to be honest with yourself.   Each of these categories has their own pros and cons, there is no right or wrong. However by figuring out who you are early in your kitchen renovation process, time and money will be saved in the long run.  There are three aspects to a Philadelphia kitchen remodel and consumers contemplating this need to decide which they want to do and in which step if any, they want to hire professionals to complete.  These steps are: 1. Design, 2. Project management 3. Construction.  All of these steps overlap and they need to be well integrated.

So what type of Philadelphia Kitchen Consumer are you? 

The first type is the DIY (Do it yourselfer) – Your have the skills to design manage and install the entire Philadelphia kitchen project.  You also have the time to perfect those skills that might need a little tweaking.  You enjoy searching the internet for information on products and going to stores to find out all you can about what is the right product at the right price for you.  You are not fazed by the risks of doing it all by yourself or the increased time it will take to do the design and construction by yourself.   The challenge of getting it right the first time moves you.  You will design your Philadelphia kitchen project, buy the materials and furnish most, if not all, the labor. Organization is the key for you.

Pros:

  • You will save about  5-30% of the non installation project cost in not hiring a designer
  • You will save about 10-20% of the installation cost by not hiring a project manager
  • You will save about 25-35% of the construction cost by not hiring a professional contractor.

 

Cons:

  • It will take you longer to complete the project (on average 75% longer).
  • Your design will not have the benefit of a professional’s training or experience which could add your project’s cost.
  • You will need to wear 2 hats while installing, the contractor and the project manager which can be complicated and time consuming.

 

The second category is the BYOC (Be your own contractor) – You do not know how to design your Philadelphia kitchen, nor do you want to learn.  However, you love to gets your hands dirty.  You want to do the installation. You have either done a Philadelphia kitchen installation before or you have helped all your friends.  You will also act as your project manager since your organizational skills are tip top.  You will be the contractor and the project manager on your Philadelphia kitchen project. You will make all other decisions and purchase all products.  You will also get the bids for those parts of the job you cannot do (such as the countertop or even the electrical or plumbing) and you will manage those subcontractors while on the job.

 

Pros:

  • Depending on the designer you choose, you will get the benefit of their education and experience so the quality of your design will most likely match your needs.
  • You will save about 10-20% of the installation cost by not hiring a project manager
  • You will save about 25-35% of the cost of hiring a professional contractor.

 

Cons:

  • It will take you longer to complete the project (on average 50% longer).
  • You will need to wear 2 hats while installing, the contractor and the project manager which can get complicated and time consuming.

 

The final category is the HAP (Hire all professionals) – You have no desire or time to attempt to do the design, project management or construction on your Philadelphia kitchen project.  You believe that these are complicated jobs best left to professionals.  Selecting a professional firm or individual to be responsible for your project is a big decision; you are going to be “living” together for quite some time. Many Philadelphia kitchen design firms are able to do not only the design, but the project management and the construction.  Make sure you research and interview several. Just because your neighbor or family member chose someone does not mean their choice would be a good fit for you. All professionals have strengths and weaknesses so find out all you can. Inquire about the size and scope of their previous projects and check out the references provided. Be clear about your expectations and assess if they can realistically be met. Ask open-ended questions and assess the responses. You can also split the tasks between a design firm and a contractor you know.  Be sure to make it clear who will be doing the project management.  Do not assume the contractor will be since his job is to install, it will take his time to make sure all the subs (countertops, glass, tile etc) are delivered on time and deal with any changes that might happen.  Some contractors are skilled at this and others, it just adds to the time it takes to get the project done.

 

Pros:

  • Because you are hiring professionals you should save in time and even money because the designer will be able to point you in the direction of a product that will save money and still serve its required purpose.
  • The design will be as you want it and should be easy to adapt to from the first day.
  • The construction should go smoothly as the project manager and contractor work together, especially if they have done so before. This is the benefit of hiring the design firm to do it all.
  • The time involved with the entire job should be significant.  It can take as little as 6 weeks from demolition to putting your plates in your new cabinets.

 

Cons:

  • You will spend anywhere from 10-60% more by hiring professionals.  However you will probably save in money on individual products as the professionals can point out savings you would not know.

 

 

Based on an article by Max Isley on December 01, 2011, http://www.companioncabinet.com/consumersvoice