| Kitchen Catch-Up: Value Boost and Final Tally |
| Kitchen Value Boost and Final Tally |
From "Sweat Equity" episode DSEQ-107 |
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Matt and Anita went a little over budget to complete this project but the results are worth it. They spent most of their budget in the right places; updating their linoleum flooring, choosing higher end cabinets and countertops and buying new appliances. And because they did most of the work themselves, they still made money!
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 Figure A
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 Figure B
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 Figure C
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 Figure D
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 Figure E
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Sweat Equity Value Boosts:
- The Seitzs kitchen was in need of a makeover and nowhere was that more clear than the linoleum flooring. Testing a floor for asbestos before removing it is always a good idea as demolition can cause the asbestos to become airborne and is hazardous to everyone in the household. Installing a natural stone tile right over the linoleum was a stylish solution to the Seitzs asbestos problem (figure A).
- A kitchen upgrade can be a pricey renovation but is one of the most valuable in equity return. The highest ticket item is often the cabinets. Matt and Anita chose a higher-end cabinet, spending about half of their budget. But by installing the cabinets themselves (figure B), they offset the high price by their gain in home equity.
- The Seitzs beautiful dark cherry cabinets were a worthwhile purchase but have the potential to make a kitchen look dark. Can lighting in the ceiling and under-cabinet lighting throughout the kitchen illuminate Matt and Anitas work surfaces while the white tile backsplash reflects additional light (figure C).
- A natural stone countertop is durable and beautiful and is a lasting purchase. Matt and Anita chose a Silestone countertop and decided to have a professional install their countertops (figure D), a smart choice considering the price of installation often includes a warranty.
- Matt and Anita were due for new appliances, so they purchased a new dishwasher, oven and refrigerator (figure E). New appliances can enhance any kitchen, but a top-of-the-line dishwasher and industrial-sized oven dont necessarily return their value in equity, so shop around. Look to independent consumer reporting websites for the best brands and also look for energy-saving appliances that can be tax write-offs and will save you more money in the long run.
Final Tally: Cabinets = $7,500 Countertops = $1,900 Tile = $1,500 Appliances = $3,500 Paint/Fixtures = $1,200 Lighting = $1,400 TOTAL MATERIALS = $17,000 REALTORS ESTIMATED VALUE INCREASE = $25,000 NET RETURN ON INVESTMENT = $8,000
RESOURCES :
Handyman Matters
Website: www.handymanmatters.com
Thomasville Cabinetry
Website: www.thomasvillecabinetry.com
Environmental Protection Agency
Asbestos Information
Website: www.epa.gov/asbestos
American Abatement Inc.
Environmental Contracting
Website: www.americanabatement.com
Stone Systems of Colorado
Website: stonesystemsofcolorado.com
The Home Depot
Website: www.HomeDepot.com
GUESTS :
Adam Berlin
General Contractor
Maverick Home Remodeling Inc.
Website: www.RenewTheHome.com
William Thomas Bain
Colorado Department of Health
Website: www.cdphe.state.co.us
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