How much would it cost to remodel the kitchen in your Portland, Oregon, home? Depends on what you mean by remodel. Read on to learn what Remodeling magazine estimates the average prices would be for three different levels of remodel.
Remodeling releases its Cost vs. Value Report every year, estimating the average price of a variety of remodeling projects in cities, regions, and states across the country. The report also calculates how much each job would add to the value of a house and the percentage of the money spent on the project that the homeowner could expect to get back when selling the home. Keep in mind that the following figures are based on average data in this region and may not be indicative of actual costs.
It's worth remembering that good contractors and remodelers have a proficient process in place to help explain both costs and profits with you. Be sure to ask about 'hard costs' vs. 'soft costs,' and 'markup's vs. 'margins' this will help you get a feel for the level of integrity of your contractor or remodeler may posses.
Talk with your remodeler about money early in the process to make sure that your budget is met with accountability and transparency.
Minor Kitchen Remodel Cost
The minor kitchen remake with midrange finishes in the Remodeling report would cost an average of $22,958 in Portland, according to the 2019 report. That level of remodel could be expected to add about $20,290 to the value of the home, the report said. That would be an 88.4 percent return on investment. The minor/midrange project had the highest return, by far, of the three levels of remodel in the report.
The minor/midrange kitchen remodel estimate was based on a functional but dated 200-square-foot kitchen with 30 linear feet of cabinets and countertops. In the project, the cabinet boxes and drawers would be reused, with new Shaker-style wood panels and door fronts and new hardware added. The cooktop/oven and slide-in refrigerator would be replaced with energy-efficient appliances. The laminate countertops would be replaced, and a new moderately priced faucet and sink would be installed. New resilient flooring would be installed, with the trim, walls, and ceiling repainted.
Major Kitchen Remodel Cost
Taking a step up the ladder to a major kitchen remodel with midrange finishes almost triples the cost. The Cost vs. Value Report places the average price of such a job in the Portland market at $67,288. Upon sale of the home, the owner could expect to get back $40,808 of the money spent on the job, for a 60.6 percent recovery of costs.
The typical major kitchen remodel with midrange appliances and fixtures starts with a 200-square-foot outmoded kitchen with 30 linear feet of cabinets and countertops. The remodel would add semicustom wood cabinets, a 3-by-5-foot island, and laminate countertops. The kitchen would get a standard stainless-steel, double-tub sink with a standard single-lever faucet. The remodel would put in an energy-efficient range with vented hood, a dishwasher, a built-in microwave, a garbage disposal, and custom lighting. The kitchen would get new resilient flooring and a fresh coat of paint on its walls, trim, and ceiling.
Upscale Kitchen Remodel Cost
A major, upscale remodel would cost an average of $133,808 in Portland, the Cost vs. Value Report estimated. On resale, a home in that market would increase in value by $74,602 as a result of the project. As a result, the homeowner would recover 55.8 percent of the money spent on the remodel.
A major, upscale remodel starts with a 200-square-foot kitchen, as above. The project would add 30 linear feet of top-of-the-line custom white cabinets with sliding shelves and other premium features inside. The new countertops would be stone, and a backsplash of imported ceramic or glass tile would be installed.
A built-in refrigerator would be added, along with a commercial-grade cooktop and vent hood, wall oven, and built-in microwave. A high-end undermount sink with designer faucets also would be installed, in addition to a water filtration system. The lighting plan would include general and task lighting and low-voltage under-cabinet lights. Wood-pattern tile or similar material would be installed as flooring.
Updated from a blog originally published in July 2017.
© 2019 Hanley Wood Media Inc. Complete data from the Remodeling 2019 Cost vs. Value Report can be downloaded free at www.costvsvalue.com.