The general consensus is that you will recoup around 90% of the money spent on a kitchen remodel. While this may be a significant factor if you are planning to sell your house in the near future, it should also factor any time you decide to remodel your kitchen. Kitchen remodeling will also give you a great return in the satisfaction and pleasure that you will get from living with a new kitchen. This should be the main factor in deciding on whether not to remodel your kitchen.
There are several places online you can go to help you establish a basic budget number to start with. My personal recommendation is Remodeling Magazine's Cost vs. Value Report which is released by region and major city each year. The really nice thing about this report is that it gives a description of the "average" project so that you can gauge if your kitchen remodel is going to fall above or below the benchmark. I also find their average pricing to be an accurate reflection of the pricing for our company, so by recommending to clients before I even meet with them that they investigate this report they are more likely to establish a realistic budget we can work within to give them a fantastic kitchen.
Contractors usually charge by the hour for their labor plus the cost of materials. Contractors that understand the business know that fulfilling the needs of the customer is what gets the deal. Contractors can eat up a large portion of your budget. Contractors that specialize in kitchen remodeling are far more experienced in working with the kinds of plumbing, gas, and the electrical issues that can arise during a kitchen remodel.
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