In the Minneapolis area, the average cost to remodel a Kitchen is between $77,739.00 (midrange) and $152,918.00 (upscale) according to information provided by “2023 Cost vs. Value Report” (www.costvsvalue.com). A minor Kitchen remodel would include leaving the cabinet boxes in place but replace the fronts with shaker-style wood doors and drawer fronts, replace laminate countertops, sink and faucet, flooring, appliances and finish with painting the walls, trim and ceiling. In 2023 the cost averages $27,000.00.
Perhaps the biggest difference is the return on your investment. If you give your Kitchen a facelift (Minor Kitchen Remodel) you can expect to recoup over 84% of the cost when you sell your home. A Major Kitchen Remodel averages a return of only 31 to 40% of the cost.
Getting rid of dated door styles and painting everything with a fresh coat of paint will make it look like you remodeled your kitchen without actually spending six-figures.
Replacing laminate countertops with quartz or natural stone – paired with a modern sink and faucet -provides a major visual impact. This can also be an opportunity to add or change a tile backsplash.
When stained cabinets are painted as part of the remodel you can quickly go from a dated “golden oak” or “walnut” color to fresh, light and modern for a fraction of the cost of replacing them.
If your Kitchen is outdated or has worn out components, a Minor Kitchen Remodel could be an affordable option that provides a great return on the cost.
©2023 Zonda Media, a Delaware corporation. Complete data from the 2023 Cost vs. Value Report can be downloaded free at www.costvsvalue.com.