Anonymous wrote:op here. I would love to know how to do it for less. There is another recent thread here with some surprisingly low prices. Estimates are from general contractors or kitchen and bath contractors--no high end design firms. We are not moving any appliances and knocking down walls, just new cabs and granite counters, adding an island, hardwood floors, and recessed lighting. The cabs we are looking at are probably "mid-range" and appliances are modestly priced from Sears. I guess I could just buy inexpensive cabinets from hd or lowes and have a contractor install them?
OP, I'm in the middle of a major kitchen remodel right now and yes, it will end up costing you $50K. EVERYTHING is expensive. You can get cheap cabinets, sure, but when you see the nicer ones, you won't want them. Same with floors, tile, back splash, etc.
The one thing I would say is that if you're going to do it, do it now. Living in the house 5 - 7 years gives you plenty of time to enjoy it, and there is value in that. You will most likely be sorry you waited this long! And yes, it will add to the resale value of your house. Just accept that this is going to be a big bite and then go have some fun with it. It's amazing the stuff they have available now....