Remodeling your kitchen will boost your home's value while also making life at home more convenient and enjoyable for everybody who lives there. However, before you can start your remodel, you must first know how much it will cost. For residents of Des Moines, Iowa, the Cost vs. Value Report helps homeowners gauge the price of their upcoming kitchen renovations. We've gone over the latest 2020 report, and here's what you need to know.
Average Cost of a Kitchen Remodel in Des Moines
The type of kitchen project that you choose all depends on your preferences, needs, and budget. If you're a homeowner on a tight budget seeking a way to improve your home's resale value, then a minor mid-range kitchen remodel may be right for you. If you have more money to spend and want to create a luxurious new kitchen, a major mid-range or upscale remodel may be more appropriate. No matter what your needs, we can help you work out the price and scope of your upcoming kitchen remodel.
What You Get in Each Price Range
Minor Mid-Range Kitchen Remodel
Average Cost: $22,607
A minor mid-range kitchen remodel includes refreshing an outdated 220-square-foot kitchen with:
- 30 linear feet of cabinetry and countertops. (We would leave the cabinet boxes intact and replace the existing cabinet doors with beautiful shaker-style wood panels and drawer fronts or paint your existing cabinets and doors. Additionally, we would replace the laminate countertop and existing hardware.)
- a new energy-efficient cook top/oven range and slide-in refrigerator
- a mid-priced drop-in sink and faucet
- new resilient flooring
- full selections assistance package
- freshly painted walls, trim, and ceiling
Major Mid-Range Kitchen Remodel
Average Cost: $66,422
A major mid-range kitchen remodel includes modernizing a dated 200-square-foot kitchen with:
- 30 linear feet of new solid surface countertops and semi-custom wood cabinets, including a 3 x 5-foot island for entertaining
- a standard, under-mount, double stainless steel tub with a single-lever faucet
- energy-efficient appliances, including a range, vented range hood, built-in microwave, dishwasher, and garbage disposal
- custom lighting
- new tile backsplash
- new trim
- new resilient flooring
- freshly painted walls, trim, and ceiling
- possibility for appliance or sink relocation
- full design and selections package
Major Upscale Kitchen Remodel
Average Cost: $133,899
A major upscale kitchen remodel includes updating a worn-out 200-square-foot kitchen with:
- 30 linear feet of high-end cabinets with built-in sliding shelves
- luxurious stone countertops with imported ceramic or glass tile backsplash
- custom built-in refrigerator and commercial-grade cook top, vent hood, wall oven, and built-in
microwave
- designer under-mount sink and faucets with water filtration system
- general and task lighting including under-cabinet lights
- tile or wood flooring
- possibility for appliance or sink relocation
- new trim
- full design and selections package
- freshly painted walls, trim, and ceiling
Please note: These examples were provided to give you a better idea of what you will get for your money in Des Moines, IA. Try to keep in mind that some of these features listed may not be ones that you want or need. If you don't need new flooring, countertops, cabinets, or anything else listed, you are not required to get them. The total cost of your project will vary based on what features and materials you actually choose for your kitchen remodel.
What Is the Kitchen Remodel Return on Investment (ROI)?
It’s only natural to want to get the best ROI on your kitchen when you eventually sell your house. Although you’ll definitely get back a percentage of the money you spend on your renovation, you won’t recoup 100 percent. Your ROI will vary depending on the type of kitchen renovation you choose.
Kitchen renovations offer a good return on investment, allowing you to recoup your costs by as much as 88 percent, depending on the extent of the renovation. In contrast, the average ROI for a bathroom renovation is only 50 percent, while adding a deck nets a 62.7% ROI. (End new section)
This year’s Cost vs. Value report also included recouped costs for the three different types of kitchen remodeling projects. Take a look at the average costs and ROI for each:
- Minor mid-range kitchen remodels (sometimes called a kitchen face-lift) in Des Moines cost around $22,600. Homeowners can expect to recoup an impressive 88.5% of their costs when selling.
- Major mid-range kitchen remodels cost around $66,400, with approximately 70% of the cost recouped upon the sale of the house.
- Major upscale kitchen remodels can cost as much as $133,900. Approximately 61% of the cost is recouped when the house sells.
What Features Should I Add to My Kitchen Renovation to Increase My ROI?
If you plan to sell your home in the next five years, it’s a good idea to pay attention to the features home buyers want. A National Association of Home Builders Survey revealed that potential homeowners are most interested in kitchens that feature:
- Partially open kitchen and dining rooms (86 percent of buyers)
- Stainless steel appliances (67 percent of buyers)
- Granite or natural stone countertops (57 percent of buyers)
- White cabinetry (32 percent of buyers)
Simply making your kitchen more attractive is a key part of increasing its ROI, as evidenced by the high ROI of minor, mid-range renovations. Choosing design styles and products that will stand the test of time can help you get a good price for your home no matter when you sell. For example, Shaker-style cabinets or other classic designs may be a better choice than the latest trend or fad. When you rely too heavily on trends, the space may soon look dated, which will reduce the ROI of your kitchen remodel.
Upgrading plumbing and electrical systems will also help you get the best return for your money. Homes that don’t require costly repairs and replacements sell more quickly and fetch a higher price than properties that need work, even if the projects are fairly minor. Although these upgrades may lengthen the remodeling timeline, they’re well worth the time and expense.
Incorporating the latest trends or technology may also help boost your ROI. Consider adding one or more of these features to your kitchen:
- Extra Storage: There’s no such thing as too much storage in a kitchen. As we continue to accumulate more gadgets and gizmos, finding places to store them can be a challenge. Adding large islands with storage underneath or a walk-in pantry will make your home more popular with potential buyers one day.
- Universal Design Features: Universal design features make your kitchen accessible to people with disabilities and may make aging-in-place more comfortable. Varied-height counters and cabinets, pull-down shelving in cabinets, non-slip floor tiles, motion-activated lighting and anti-scald features in faucets are among the many universal design features available.
- High-Tech Features: Technology that makes cooking or cleaning less of a chore may also increase ROI. If you’ll be replacing your appliances, consider adding smart appliances that can be controlled with your phone, such as convection ovens that adjust the cooking time of your favorite recipes automatically or refrigerators that include digital, Wi-Fi-enabled screens.
- Neighborhood-Specific Features: Kitchen must-haves can vary from city to city and neighborhood to neighborhood. You can find out which features the best-selling houses in your area have by viewing real estate listing photographs. Do the kitchens include butler’s pantries, heated floors, wine coolers, double ovens or other features? Adding a few of these features to your home may increase its value.
Are you ready to begin a kitchen remodel? Get in touch with us and let us know how we can help you make your dreams come true.