kitchen remodel Archives - Lincorp / Borchert

May 30, 2024May 30, 2024

Maximizing Home Value: Insights from the 2024 Cost vs. Value Report for Detroit

2024 detroit cost vs value report on a kitchen table with coffee

When it comes to home improvement, not all projects are created equal. Some renovations can significantly boost your home’s resale value, while others might not offer the same return on investment. Understanding which projects provide the best value can help homeowners make informed decisions. This guide explores various remodeling projects, their costs, and the potential value they add to your home, specifically focusing on the Detroit area based on the latest 2024 data from the Cost vs. Value Report.

Key Takeaways from the 2024 Cost vs. Value Report

The 2024 Cost vs. Value Report provides a comprehensive analysis of the costs and resale values of various home improvement projects across the United States, including specific data for the Detroit area. This report is an invaluable resource for homeowners looking to maximize their investment in home renovations.

Top Projects for Return on Investment in Detroit

1. Minor Kitchen Remodel (Midrange)
A minor kitchen remodel involves updating cabinet fronts, hardware, and appliances, which can yield a high ROI.

Job Cost: $27,192 (2023 Detroit average)
Resale Value: $23,582 (2023 Detroit average)
Cost Recouped: 86.7% (2023 Detroit average)

2. Major Kitchen Remodel (Midrange)
For those looking to make more substantial changes, a midrange majo kitchen remodel might be the way to go. This involves updating a 200-square-foot kitchen with semi-custom wood cabinets, a 3×5-foot island, laminate countertops, and a standard double-tub stainless-steel sink. Energy-efficient appliances, custom lighting, and new resilient flooring are also part of this remodel.

Job Cost: $83,743 (2023 Detroit average)
Resale Value: $36,415 (2023 Detroit average)
Cost Recouped: 43.5% (2023 Detroit average)

3. Major Kitchen Remodel (Upscale)
An upscale major kitchen remodel takes things to the next level. This project includes custom white cabinets with built-in sliding shelves, stone countertops with a ceramic- or glass-tile backsplash, and an undermount sink with designer faucets. High-end appliances such as a built-in refrigerator, commercial-grade cooktop, and wall oven are also included.

Job Cost: $162,761 (2023 Detroit average)
Resale Value: $58,807 (2023 Detroit average)
Cost Recouped: 36.1% (2023 Detroit average)

4. Midrange Bathroom Remodel
A midrange bathroom remodel focuses on updating a 5×7-foot bathroom with ceramic tile flooring. It includes replacing the existing tub with a porcelain-on-steel tub, adding a ceramic tile surround, and installing a new single-lever shower control. Standard white fixtures, a solid-surface vanity counter with an integral sink, and a recessed medicine cabinet with lighting complete the remodel.

Job Cost: $25,993 (2023 Detroit average)
Resale Value: $18,397 (2023 Detroit average)
Cost Recouped: 70.8% (2023 Detroit average)

5. Upscale Bathroom Remodel
An upscale bathroom remodel involves expanding a 35-square-foot bathroom to 100 square feet. This project includes installing a large-ceramic-tile floor with in-floor heating, a 42×42-inch neo-angle shower with body-spray fixtures, and a frameless glass enclosure. Additional features include heated towel bars, a free-standing soaker tub with high-end faucets, and a compartmentalized commode area with a one-piece toilet.

Job Cost: $80,361 (2023 Detroit average)
Resale Value: $31,281 (2023 Detroit average)
Cost Recouped: 38.9% (2023 Detroit average)

6. Universal Design Bathroom Remodel
For those looking to make their bathroom more accessible, a universal design bathroom remodel is ideal. This involves updating a 5×7-foot space to be wheelchair-accessible, with features like a zero-threshold shower, a 36-inch-wide door, and flat-panel electrical switches at sitting level. The remodel also includes a comfort-height toilet, a curbless walk-in shower with an adjustable showerhead, and luxury vinyl tile flooring with electric radiant heat.

Job Cost: $41,537 (2023 Detroit average)
Resale Value: $16,835 (2023 Detroit average)
Cost Recouped: 40.5% (2023 Detroit average)

Understanding the Data

The Cost vs. Value Report is an annual publication that compares the average costs of 23 remodeling projects with the value those projects retain at resale in 150 U.S. markets. The data for Detroit shows that exterior improvements generally offer the highest returns on investment. This trend is consistent with national data, where curb appeal projects like garage door replacements and entry door upgrades top the list.

Why These Projects Matter

Investing in home improvement projects can significantly enhance your home’s value and appeal. Whether you’re updating your kitchen, remodeling your bathroom, or adding new features to your home’s exterior, it’s important to choose projects that offer the best return on investment. By focusing on cost-effective renovations, you can enjoy a more beautiful and functional home while also increasing its resale value.

Conclusion

The 2024 Cost vs. Value Report provides valuable insights for homeowners looking to make informed decisions about their home improvement projects. For more detailed information on specific projects and their costs, refer to the comprehensive guide provided in the 2024 Cost vs. Value report.For a deeper dive into the data and to see how your planned projects stack up, visit the full report on the Cost vs. Value website. This resource will help you make the most informed decisions about your home improvement investments.

April 18, 2023April 18, 2023

Easy Organizing Tips for Stylish Kitchen & Bath Remodels

Spacious kitchen remodel with double island and plenty of custom cabinet storage for stylish kitchen & bath remodels

A stylish and functional kitchen and bath remodel requires good organization. It simplifies daily tasks and enhances the overall appearance of your home. That’s why we’ve put together this post to share some easy organizing tips for your remodel. By implementing these ideas, you can customize your storage with custom cabinets, open shelves, versatile furniture, and hidden storage. With these practical ideas for organizing your stylish kitchen & bath remodels, you can create a clutter-free space that looks great and simplifies your daily routine.

Double sink bathroom remodel with a tower cabinet for stylish storage in your kitchen & bath project.

Custom Cabinets:

First, custom cabinets give you unique storage. Add pull-out shelves, drawers, and dividers to keep things tidy.

Open Shelves:

Next, open shelves create airy spaces. They’re great for displaying items. However, cleaning them often keeps them tidy.

Vertical Storage:

Additionally, use tall cabinets, floating shelves, and wall racks to save space. This way, storage improves, and rooms feel open.

Versatile Furniture:

Furthermore, choose furniture like a kitchen island or a bathroom vanity with racks. These pieces save space and look stylish.

Hidden Storage:

Also, pick hidden storage like built-in shelves or mirrored cabinets. This helps your space stay clean and minimalist while storing items.

Accessories for Organization:

Finally, to keep your remodels looking neat, use drawer organizers, lazy Susans, and magnetic strips. These accessories store items in a designated spot and reduce clutter. They come in various shapes and sizes to fit different needs. Find them at home improvement stores or online.

Conclusion:

Smart organization makes a remodel look good and work well. By implementing the organizing tips for stylish kitchen & bath remodels we’ve shared in this post, you can customize your storage and create an efficient, clutter-free space that enhances the overall appearance of your home. Give them a try in your next remodeling project!

January 18, 2021April 2, 2021

Kitchen Remodel in Bloomfield Hills

Our clients came to us in need of a kitchen remodel in their Bloomfield Hills home. As part of the remodel, they also wanted us to renovate their half bathroom and laundry room as well as refinish their hardwood flooring.

We met with the clients for a series of design meetings to help them decide how they wanted their new kitchen, half bath, and laundry room to look. We helped them pick out materials, colors, and a layout that would give them the rooms of their dreams, while still keeping them within their budget. We carefully crafted plans and specifications that we would later use during the construction of their project.

We put down floor protection so that no damage occurred to hardwood flooring and then demoed the whole kitchen, half bath, and laundry room. We then had our electricians and plumbers run their wires and pipes through the walls and floors where needed.

We repaired the drywall where we had run the electrical and plumbing. We then installed the cabinetry, quartz countertops, and tile backsplash according to the plans and specs that we made during design. We also refinished the hardwood floors.

After all the construction was done, we presented the homeowners with their newly remodeled rooms. They loved them! It’s a night and day difference compared to what they used to look like. Everything now has a clean, modern look to and functions exactly as they needed it to.