How Much Money Should I Put Into A Kitchen Of A Cheaper Home?
I am remodeling my kitchen and the house is a 960 sq. ft. 1972 home in Canton, OH. The home was purchased for 75k and valued at 86.5k. I will be painting the cabinets white, replacing the handles (approx $200), getting a formica countertop w/sink (priced at Lowe’s for $1250, after 10% off for opening a charge card), tile floor (71cent tile, with $3 per sq. ft. installation from a friend of mine) approximately $600, new stainless steel refrigerator, dishwasher, over the stove microwave, and stove (priced at $2300, not installed). Please comment on whether you think it is worth putting $4k in a kitchen of a lower end home with only a 140 sq. ft. area. By the way, Canton, OH, is ranked as 4th or 5th cheapest places to live in the country. Houses on the street sell in the range of $65k – $100k (some homes are over 1,300 sq. ft. though).