Industrial News

The latest Cost vs. Value Report done by Remodeling Online calculates the average return on a kitchen remodel at around 80 cents on the dollar. Skyrocketing costs for remodeling materials contribute to lower ROI's for kitchen remodeling in 2006.

The returns on kitchen remodeling hold across the board according to Remodeling Online and the National Association of Realtors (NAR). An upscale, six-figure kitchen remodel returns the least, affording the owners only 79.9 percent return on their investment if they sell. A major mid-range kitchen remodeling project costing about half that amount returns a bit more, 80.4 percent. According to the NAR and Remodeling Magazine, completing a minor kitchen remodel--such as installing new kitchen cabinets--generates the best cost recovery, as much as 85.2 percent.

Finding a reliable contractor who uses quality materials helps keep kitchen remodeling costs down, whether the motive for the remodel is love or money. According to Sarah Max in Money Magazine, "You want to be confident--via references and track record--that the person will get the job done right in a reasonable amount of time." GuideToKitchenRemodeling.com ((http://www.GuideToKitchenRemodeling.com) provides informative articles and helpful referrals to consumers seeking reliable local contractors for the best in kitchen renovation.

Though the majority--57 percent--of remodels are done by people who simply want a nicer kitchen or the latest kitchen cabinets, GuideToKitchenRemodeling.com reports that the survey has an ironic twist. Even when owners remodel to beautify, their updated kitchens do enhance their homes' resale potential because a dated kitchen that "doesn't show well" can be a real estate deal breaker.

GuideToKitchenRemodeling.com is a home improvement site that matches consumers with top cabinet refacing, replacement, and installation companies. The site connects consumers based on their specific kitchen cabinet needs and sets them up with services in their local area.