Kitchen Cabinet Remodeling - Ideas and Estimates
A Kitchen Remodel That Makes Sense for Minneapolisby Joe Cooper
Kitchens and Cabinets Columnist
The real estate market has officially slowed down. With the housing index at its lowest point in 15 years, homeowners in Minneapolis need affordable ways to remodel their homes. One kitchen remodeling idea that can save homeowners as much as 50% is kitchen cabinet refacing.
Real estate in Minneapolis and the nation is slowing down. The median home value in Minneapolis is around $225,000. This figure is only 2% higher than last year, signaling a slowing growth rate.
There simply aren't as many buyers, either: the industry has seen a 20% decrease in mortgage applications from last year.
Remodel to Sell SuccessfullyRemodeling is a great way to increase the value of a home and make it more marketable to buyers. Specifically, kitchen remodeling is a popular strategy for selling a house, and since kitchen cabinets take up most of a kitchen, replacing them is a popular choice for homeowners.
But new kitchen cabinets can cost $10,000, $20,000, or even more. In today's market, where home prices are at risk of decreasing, paying for expensive new kitchen cabinets may not make sense.
A Budget SolutionKitchen cabinet refacing comes in at about half of the cost of new kitchen cabinets. Cabinet refacing involves the removal of existing cabinet doors and drawers, and the sanding, cleaning, refinishing, and/or repainting of all cabinet surfaces to produce a brand new look. For an even newer look, new hardware or fixtures can be added.
Kitchen cabinet refacing is a budget-smart way to complete a kitchen remodeling project in Minneapolis that will help a home sell at a price closer to its asking price.
About the Author
Joe Cooper writes home services and design articles and edits medical literature. He holds a bachelor's degree in American Literature from UCLA.