I just read in today’s WSJ, in an article on how remodeling activity is going south, following the path of new house permits and sales of both new and existing homes, that the average price paid for a kitchen remodeling package is something like $108K.
Howzat sound from your perspective?
The article also said that with prices of existing homes declining, that the payback for such a remodel has slipped from somewhere around 90 points to something a dozen or more points less, making owners less willing to “invest” in packages of that scale.
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That price would put off most people I know. The last few I have worked on were around $35,000. Thats in central NJ
Oooohhhh ....
an "average" kitchen ...
"remodel" ....
uh .... $15K to $90K.
depends on the knobs ...
Jeff
Buck Construction
Artistry In Carpentry
Pittsburgh Pa
I was thinking more along the lines of $99,999.99 per box.
2999.99$ per miter
1499.99$ if you want it butted
5999.99$ for copedI don't feel safe in this world no more I don't want to die in a nuclear war I want to sail away to a distant shore and make like an ape man
Knobs can really get tricky...I don't feel safe in this world no more I don't want to die in a nuclear war I want to sail away to a distant shore and make like an ape man
lmao, and welcome back.
an average of all lasts years kitchen remodels for us was around 35K, that's a full gut job.
I went back thru my books and did an average for all the kitchens I have done...
~27K..I don't feel safe in this world no more I don't want to die in a nuclear war I want to sail away to a distant shore and make like an ape man
Weird. I remember Consumer reports pegging it at 70k or so a couple years back. I wonder if it's changed that much over a few years, or if they're measuring different things.
Both numbers are more than I paid for a house 4 years ago, so it sounds crazy.
But then, I'm working on an addition that will come to about $700/SF.
zak
"When we build, let us think that we build forever. Let it not be for present delight nor for present use alone." --John Ruskin
"so it goes"
Way off base for an "average" kitchen.
Yeh, maybe for people that read and work on Wall street(Journel).
My sister had a really nice kitchen put in by Lowes believe it or not just a cpl of weeks ago w/granite counters. Not a big kitchen but average and she paid around 30 or less...Kitchenmaid. She raved Lowes work. They did everything they said they would all on schedule. Same for all her friends. Surprised me for sure.
Well, they're not HD I spose.
Housing sales seem average to me around here..prices dropped but they WERE extremely high for a long time so it seems par for the course.
My guess is within the next two years prices for homes will climb again the closer we get to the elections.
Who the hell knows?
Statements like that sound like the political rants here....lol.
Everything changes like the weather.
"As I was walkin' - I saw a sign there
And that sign said - no tress passin'
But on the other side .... it didn't say nothin!
Now that side was made for you and me!" Woody Guthrie 1956
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If a HO bought their home recently they have not seen significant appreciation (if any) and therefore do not have the equity to pul out and dump into reno/remod. Anyone who does have the equity to pul out is considering wheteher or not it is wise to do so at this time. As for 100k+ fro the average kitchen, I don't think so. Maybe in certain markets but certainly not average.
There simply has to be a qualifier to that statement that you have left out. No way is that average across the board.
I'm thinking 40-50K is more like it.
I can remember ( back in the dawn of modern history) doing a couple of entire average kitchens for about 7grand. Now that would barely touch the demo and prep
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A lot of kitchens in today's styles of interiors, are part of a "great room" space, and thus, a complete kitchen remodel that begins with a total gut-out, includes that space as well.
We have found that a job that includes a full set of custom cabinetry, including islands and peninsulas, stone surfaces, some plumbing rerouting and lines addition, electrical stuff including new branch circuits or even a new subpanel, fixtures, new plumbingware, a window or door or two, finish for ceiling, walls, flooring, and the prerequisite set of pro-style appliances, easily comes to $100K or so.
What we really like best about work like this is the margin it returns for the time spent.
"We have found that a job that includes a full set of custom cabinetry, including islands and peninsulas, stone surfaces, some plumbing rerouting and lines addition, electrical stuff including new branch circuits or even a new subpanel, fixtures, new plumbingware, a window or door or two, finish for ceiling, walls, flooring, and the prerequisite set of pro-style appliances, easily comes to $100K or so."That may be.But I doubt that is "average".I am guessing that my neighbors spent $60-80 on theirs. 1930's house on a lake. Hard to tell exactly what it was orginally, but most indications that is was orginally had one bedroom with a bath off of it. A large living room. A VERY SMALL galley kitcehn/front entrance hall. And single car garage. Most likely it was only used during the summer.Later a the garage was turned into a master bed/bathroom. And an small addition off the lakeside. It might have been originally been built as a screened porch for the upstairs. Bottom was basement with a toilet, sink, and shower. Floor drain for the shower. The second floor of this addtion was them made into a kitchen on one end and spce for a kitchen table at the other end. After accounting for the applicanes and sink there was not much more than 5 ft of counter space.The original house was all stone and the addtion was stone for the basement and stone pilars for the 2nd floor (that is why I think that it was a porch at one time.Later there was larger addition put on the back. It was all wood with a rec room on the lower level (now walk out), stairs to the upstairs. And the upstairs was just one large room and the current HO's partioned off one end for a bedroom.For the kitchen remodel that took out that bedroom, knocked out the wall (and stone) between the last addion the old kitchen and made it one large space. Had to restructure the ceiling in places. One long wall is know cherry cabinet and counters. An island with the sink. And the old kitchen space is now a home office.Replaced/added about 4 or 5 windowns and deck door. And resided the upper portion of the addtion.As I said I am guessing $60-80k. But they used "ordinary appliance", limated counter top, and prefinished But they used "ordinary" appliacnes, laminate counter top, prefinished Lumber Liquadator wood floor, and mostly can lights.
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A-holes. Hey every group has to have one. And I have been elected to be the one. I should make that my tagline.
I'd have to say average is about $50K. A friend of mine has done 10-12 over a $100K in the past couple of years, but he is the top installer for one of the higher end kitchen companies around.
In the 2 years I installed for them we never had one over $65K, and some were as low as $20K.
I wish I had a reason;
my flaws are open season
Around 75k I'd say down here Gene.
Although, we do lots that are well over 100k as well. Depends on structural and mechanicals often, and then going to the top shelf for the cabs and tops.
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Gene,
I've worked on a few in Central and Northern NJ where 108K wouldn't even buy the material. Those were the exception rather than the rule.
Most were near 50k .
Here in PA people choke on 25k.
The part of mine done by a contractor was $14k, but included a new electrical service. I'm guessing that, turn-key, it'd have been $25k or so.
did
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Thats fairly high in this area, not out of the question but high for an average.
I did a kitchen last year the cabinets and countertops alone cost over $80,000. It was part of an addition project that came in over $130,000. That kitchen tops my list in cost.