The Anna Maria Island Sun Newspaper


Vol. 16 No. 38 - July 20, 2016

REAL ESTATE

It's all about the kitchen

 

They say that timing is everything in life. If that's so, my timing was pretty good this month. The same month that Consumer Reports came out with its story "Kitchen Makeovers Made Easy" was the same month I contracted to have my kitchen renovated.

By the time I read Consumer Reports' thorough analysis of kitchen makeovers, most of my decisions had already been made, however, it did serve to reinforce many of my choices, which gave me a nice warm feeling. Nevertheless, the article contained so much relevant information I thought I would share it.

We're told over and over the best money you can spend in your home is to renovate the kitchen, with baths a close second. It is said that a kitchen redo should cost 5 to 15 percent of a home's total value. This is an important guideline, which will keep you from over improving your property. Installing a $50,000 kitchen in your $150,000 winter get away condo is fine as long as you don't expect any return on that investment, but it is definitely overbuilding the kitchen.

The average American spends about $28,000 on a professionally installed kitchen. Based on this, Consumer Reports established three budget ranges with tips for each:

• $5,000 to $15,000 range uses a sample budget of $10,000, allowing for $3,000 for cabinets, $2,500 for appliances and $1,000 for labor as the primary features. Large home centers like Home Depot and Lowe's offer design assistance and in house installers, or you can employ a contractor. Stock cabinets start at about $70 a linear foot, which is a standard 12 inches, and laminated counter tops are affordable and maintenance free. Based on personal experience, appliances have a very large range of pricing, but you can take advantage of some good sales and full kitchen packages. Unfortunately if you're just starting your search you missed the best sales of the year which are during the July 4 holiday.

• $25,000 to $50,000 range uses a sample budget of $40,000, allowing for $9,000 for cabinets, $8,000 for appliances and $11,000 for labor as the primary features. In this price range, Consumers recommends working with a dedicated kitchen showroom vendor who can offer a wide range of products as well as better customer service than mass market home centers.

Cabinets in this price range are usually semi-custom ranging from $150 to $250 per linear foot. Semi-custom is available in more sizes, meaning they will fit your space more precisely and offers a wider array of storage options. Also quartz should be considered in this price range. Quartz is an engineered stone that can be made to look just like marble, granite and other natural materials but it is nonporous and does not require the upkeep of other stone surfaces.

• $75,000 to $125,000 range uses a sample budget of $100,000, allowing for $19,000 for cabinets, $15,000 for appliances and $40,000 for labor as the primary features. If you're in this price range, you're probably working with a designer or architect who will take you to high end showrooms. Be prepared for the sky's the limit pricing with custom cabinets starting at about $500 per linear foot and built to the exact dimensions of your space. You will probably be having some kind of construction as well to make the work triangle perfect for your needs.

And with the new crop of appliances available everything in your kitchen will be programmable and connected to the internet with LCD screens on refrigerators that you can watch TV on and order groceries. Countertops likely will be exotic stone, which are certainly one of a kind, and since most people in these price ranges can afford to have it maintained, who cares?

The Consumer Reports analysis is a good guideline, but pricing, especially for labor, can drastically change depending on where in the country you live. Timing is everything, and I hope you're having the time of your life working on your new kitchen, no matter which price range you're in.

Real Estate Transactions
Real estate transfers of January-February 2016

Sponsored by Alan Galletto Island Real Estate

Sold Date | List Price | Sold Price | Address | Provision | Property Style

Anna Maria

2016-05-12 525,000 502,500 315 Hammock Cir 1652 3 Br/2 Ba SFR
2016-05-19 749,000 693,000 315 Hardin Ave 1472 2 Br/2 Ba SFR
2016-05-19 995,000 900,000 733 Holly Rd 2678 75x110 5 Br/4 Ba SFR
2016-05-09 949,000 925,000 311 Pine Ave 2160 3 Br/2 Ba SFR
2016-05-27 1,395,000 1,350,000 107 Willow Ave 2880 50x110 5 Br/3 Ba SFR
2016-05-02 1,595,000 1,500,000 115 Park Ave 2120 4 Br/3.5 Ba SFR
2016-05-12 1,849,000 1,700,000 812 Jacaranda Rd 2635 5 Br/2.5 Ba SFR
2016-05-06 1,950,000 1,750,000 913 N Shore Dr 2421 4 Br/3 Ba SFR
2016-05-02 3,195,000 2,700,000 810 S Bay Blvd 4008 4 Br/4 Ba SFR

Bradenton Beach

2016-05-11 699,900 680,000 100 7th St S 1452 3 Br/2 Ba SFR
2016-05-24 1,495,000 1,450,000 2119 Avenue C 2946 5 Br/4 Ba SFR
2016-05-12 1,895,000 1,700,000 2310 Canasta Dr 2669 3 Br/3 Ba SFR
2016-05-20 1,870,00 162,000 1603 Gulf Dr N #30 380 1 Br/1 Ba Condo
2016-05-20 199,990 190,000 1603 Gulf Dr N #16 540 1 Br/1 Ba Condo
2016-05-19 259,900 249,900 117 7th St N #10 864 2 Br/1.5 Ba Condo
2016-05-31 279,000 275,000 1325 Gulf Dr N #126 675 2 Br/1 Ba Condo
2016-05-31 289,000 291,000 1325 Gulf Dr N #123 675 2 Br/1 Ba Condo
2016-05-26 379,900 355,000 1801 Gulf Dr N #175 1080 2 Br/2 Ba Condo
2016-05-24 539,000 485,000 2319 Avenue C #200 1698 3 Br/2 Ba Condo
2016-05-20 740,000 675,000 2600 Gulf Dr N #44 1179 2 Br/2 Ba Condo
2016-05-16 289,900 280,000 2601 Gulf Dr N #S21 520 3 Br/2 Ba Mobile

Cortez

2016-05-26 1,395,000 1,268,600 12914 Yacht Club Pl 4039 4 Br/4.5 Ba SFR
2016-05-26 1,750,000 1,450,000 12901 42nd Ter W 3287 3 Br/3.5 Ba SFR

Holmes Beach

2016-05-02 489,900 442,000 226 85th St 1689 3 Br/3 Ba SFR, REO / Bank Owned
2016-05-02 659,000 600,000 216 68th St 1258 2 Br/2 Ba SFR
2016-05-03 635,000 635,000 304 60th St #A 1150 3 Br/2 Ba SFR
2016-05-03 675,000 655,000 524 69th St 1803 80x113 3 Br/2 Ba SFR
2016-05-24 679,000 665,000 309 58th St #A 1487 3 Br/2 Ba SFR
2016-05-02 739,000 689,000 309 59th St #B 2083 3 Br/2 Ba SFR
2016-05-12 735,000 715,000 313 58th St #B 1254 4 Br/3 Ba SFR
2016-05-09 749,000 725,000 514 56th St 1930 3 Br/2 Ba SFR
2016-05-20 829,000 790,000 604 Baronet Ln 1948 4 Br/2.5 Ba SFR
2016-05-12 1,124,999 1,025,000 520 72nd St 2647 3 Br/3 Ba SFR
2016-05-27 1,200,000 1,050,000 3109 Avenue E 2329 4 Br/3.5 Ba SFR
2016-05-13 1,199,000 1,150,519 603 Baronet Ln 2717 95x130 4 Br/4 Ba SFR
2016-05-16 1,379,000 1,255,000 205 79th St 2600 5 Br/4.5 Ba SFR
2016-05-20 1,399,900 1,300,000 691 Key Royale Dr 2055 3 Br/3 Ba SFR
2016-05-04 1,550,000 1,550,000 119 81st St 2196 Br/5.5 Ba SFR
2016-05-11 250,000 225,000 600 Manatee Ave#208 888 1 Br/1 Ba Condo
2016-05-23 237,000 225,000 600 Manatee Ave #11 4896 1 Br/1 Ba Condo
2016-05-27 279,000 269,000 6300 Flotilla Dr #81 1151 2 Br/2 Ba Condo
2016-05-17 295,000 270,000 600 Manatee Ave #220 1187 2 Br/2 Ba Condo
2016-05-13 359,900 354,000 3705 E Bay Dr #109 1121 2 Br/2 Ba Condo
2016-05-06 480,000 455,000 6309 Gulf Dr 1301 3 Br/2 Ba Townhome
2016-05-16 519,900 505,000 6250 Holmes Blvd #69 1536 3 Br/2.5 Ba Townhome
2016-05-20 698,000 667,500 303 64th St #B 85x110 3 Br/2 Ba Villa
2016-05-31 449,000 380,000 202 Haverkos Ct #A 1863 97x80 Duplex
2016-05-06 1,700,000 1,625,000 2812 Avenue E #A 1680 50x100 Duplex

 

 

Source: Mid Florida Multiple Listing Service


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