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
If you’re looking for a minor overhaul to your Portland kitchen without making significant changes, a midrange remodel may be the right choice. At $20,000-$25,000, this one is the most budget-friendly. As with many home improvements, the less you spend, the higher the potential return. That’s why this project has the highest average ROI, when compared to kitchen renovations that cost more.
A minor kitchen remodel assumes that you have a kitchen with “good bones” that needs some updates at the surface level. This means that you won’t be changing the layout, and you’ll be keeping most of the cabinetry. For the price, you get new door fronts in the Shaker style, with new hardware. Appliances are new and efficient but not flashy. This project opts for the inexpensive laminate for countertops, which now come in a variety of designs to mimic natural stone. Vinyl is the preferred choice in flooring for this remodel, but you may be surprised by how stylish it can look. Choose a bold color for walls or trim and you’ll have a kitchen that feels up to the minute.
Major Kitchen Remodel Cost
For about three times the price, you can dramatically change the look and flow of your existing kitchen with a midrange major remodel. At a higher expense, you can expect to get about two-thirds of what you invest as an increase in resale value. If the layout of your kitchen just isn’t working for you, or the cabinetry is very old and needs replacement, this project is probably your best bet.
A major kitchen remodel removes all the existing appliances and cabinetry and creates a new layout for improved function. Islands have become all but a requirement in modern kitchens. A good portion of the total expense goes into improvements like this, especially if you decide to add a dishwasher or stove that needs new plumbing or electric. Wood cabinets offer long-term durability and some ability to customize sizes and designs. This estimate also includes laminate countertops, so you’ll need to pay more if you want natural stone. A major kitchen remodel will run anywhere from $65,000- $75,000+.
Upscale Kitchen Remodel Cost
Do you have an ancient kitchen that needs to be redone in almost every way? Did you get an awesome deal on an older house with a plan to turn the kitchen into a chef’s haven? An upscale kitchen remodel is meant for you. At $125,000-$150,000, this project is one of the most expensive you’ll take on for your home. With an ROI around 60%, you want to make sure it’s the right choice. If you have high standards for your kitchen or your neighborhood expects the best, this is where to start.
With this project, no expenses are spared. You’re going to get a kitchen that is both timeless and trendy in every way. High-end cabinetry supports whatever you need to put on it, especially the heavy-but-popular countertops like concrete or marble. Choose the year’s latest colors with a tile backsplash on the whole wall behind. Add commercial-grade appliances and you’ll be set for your next dinner party.
Updated from a blog originally published in July 2017.
© 2019 Hanley Wood Media Inc. Complete data from the Remodeling 2020 Cost vs. Value Report can be downloaded free at www.costvsvalue.com.