Any time of year is an excellent time to start a kitchen remodel. The place where all your company, family, and friends gather.
We want to make you happy that the answers to the first and second questions can be found on our blog.
We want to discuss with you the last question – What are the average costs of kitchen remodel.
Average Costs of Kitchen Remodel
The cost of Kitchen remodeling can be confusing. Because each project has unique needs, features, quirks, and solutions, it’s challenging to determine accurate pricing for a central kitchen remodel. You can choose between cheap and luxury materials in terms of materials.
On top of that, various installers charge different fees for similar services across the country.
It isn’t easy to determine how much your kitchen remodeling project will cost right away. However, it would help if you began planning your remodeling budget as soon as possible.
KS Renovation has included the expenses of a typical kitchen remodel to help you get started.
We also provide:
- budget benchmarks
- cost breakdowns for kitchen remodeling
- renovation cost-saving strategies.
Cost For Kitchen Renovation
If you’re thinking about renovating your kitchen, the first step is to set a budget for the project. While it all comes down to your financial circumstances and what you’re searching for in the end. It’s also a good idea to consider whether your investment will yield a sufficient return if and when you decide to sell your house.
The industry benchmark for kitchen remodeling is 10% of the value of your property. So, if your home is worth $400,000, you should be able to spend up to $40,000 on kitchen upgrades.
Are you curious where your money goes? Below is an approximate budget breakdown that you may use to help you decide which items to improve and which to ignore to stay on budget.
|Item||Percentage of Budget||Average Cost|
|Painting & Drywall||0.05||$1,150|
|Countertops & Backsplashes||0.11||$2,450|
|Installation & Labour||0.18||$4,200|
|Per National Kitchen and Bath Association (NKBA)|
Factors In Calculating Kitchen Remodeling
The price difference between different material quality is significant. This range can help you budget well. You can customize your decisions as you select materials for each of the following aspects to match that budget if you know your overall maximum budget and allow a percentage to accommodate surprises.
The countertops might account for about 10% of a kitchen remodel price. The national average puts the cost at roughly $2,400. Still, the price may vary depending on the homeowner’s material preferences (natural stone, for example, will be much more expensive per square foot than laminate) and the total square footage of the countertop in the kitchen plan.
The countertop is where homeowners generally opt to splurge on higher-end material because it is one of the most eye-catching and frequently-used aspects. Still, if there are other priorities in the redesign, a lower-grade choice can help save money.
As with countertops, there are myriad material options in the kitchen flooring.
The least expensive options include sheet vinyl and vinyl tile, linoleum, and lam flooring, and modern versions of these materials are pretty durable and attractive.
Ceramic tile and wood are the most expensive, followed by natural stone, while alternate flooring options like cork and concrete provide more opportunities.
Design choices, durability needs, and how the homeowner uses the kitchen will influence flooring. Vinyl floors, for example, are a low-maintenance and durable solution for families who frequently let their children empty dishwashing cups.
Natural wood is attractive and long-lasting, but it is not suitable for dog owners.
Flooring is expected to make up about 7% of the total budget, or approximately $1,600.
Lighting is a factor homeowners often underestimate when building a plan and budget.
While a gorgeous ceiling fixture and a pendant over the sink help add lighting, the task lights are the real workhorses of the kitchen lighting scheme: lighting concentrated on the spot where the cook stands to chop vegetables, over the stove, or illuminating the eating area.
It’s advised to have the lighting plan fill about 5% of the planned budget, or approximately $1,000.
Walls & Ceilings
In any kitchen remodel, painting or wallpapering the old walls and ceilings is possible. Still, new materials can occasionally give additional benefits that make them worth upgrading.
Paneling or tongue-in-groove ceilings can modify the ambiance of a kitchen, while new fire- and moisture-resistant drywall can offer safety features.
About 5% of the budget will usually go to the walls and ceiling, which translates into an average of $1,150.
Faucets and Plumbing
Plumbing expenditures will be minimal if the kitchen layout remains the same, as the water and gas pipes can be left in place.
Changing the look will push plumbing material and labor prices to the higher end of the spectrum. For a relatively little cost, new faucets can brighten and transform the tone of the kitchen.
This percentage will be significantly more significant unless considerable pipe rerouting is necessary. Around 4% of the budget, or $920, should be allotted to faucets and plumbing.
Hardware and cabinetry typically account for most of a kitchen remodel price. As the most visible and significant aspect of the kitchen design, Cabinetry will frequently decide the style, color palette, and amount of detail required for the remainder of the kitchen.
Cabinets and hardware typically account for 29% of the budget, or $6,670 on average. However, homeowners who pick bespoke cabinetry or who want to install more cabinetry than the average amount will see their costs increase; salvage or home improvement store stock cabinets can be far less expensive.
Remember that the hardware is what takes the brunt of everyday use, and price out the cost of quality hardware you like before setting a final budget: It’s not an incidental cost.
Is Your Kitchen a Good Investment?
Kitchen renovations are becoming increasingly popular.
For one thing, they frequently increase the market value of a home significantly. In 2019, a $66,000 kitchen makeover recouped 62% of its cost on average when the house was sold. A more minor $22,000 renovation yielded an average return of 80%.
More minor remodels give a higher return on investment since they focus on correcting functional issues. They are frequently developed in more adaptable forms.
Unless you plan to sell your home soon, you must create a kitchen you’ll enjoy. In the end, your kitchen is more than just a financial investment. It’s where you feed and care for your family.
If you plan on staying in your home for a long time, choose what you want and enjoy it. According to the Research for Cooking & Kitchen Intelligence, 40% of homeowners wish they had spent more money on their kitchen remodel.
How to Save Money on a Kitchen Remodeling Cost
Cabinets and hardware typically account for 29% of the budget, or $6,670. However, homeowners who pick bespoke cabinetry or who want to install more cabinetry than the average amount will see their costs increase; salvage or home improvement store stock cabinets can be far less expensive.
- Maintain as much of the original kitchen’s footprint as possible to save on construction costs and plumbing and electrical work.
- Instead of custom cabinets, go with stock cabinets. Custom is usually more expensive unless you have a unique space to fill.
- Make a spending plan and stick to it. If a particular component is significant enough to justify spending more than you planned, consider what else you can give up to stay on budget.
- Finding an experienced and creative general contractor can be an invaluable partner in the remodeling process, helping you keep things in perspective and taking much of the stress off you.
Find Yourself Right Contactor.
To choose the right contractor, ask friends, relatives, and neighbors for recommendations, ask the contractor for references, call the authorities, and hire the contractor whose style and manner you feel most comfortable with. Remember, this is someone who will be spending a lot of time in your home, so your comfort with the contractor is essential.
Renovate Your Kitchen and Stay Within The Budget With KS Renovation
KS Renovation treats your wishes as our foundation. Our company emphasizes the crucial values of comfort and coziness in tandem with authentic luxury. Start now by contacting us. The wisest move you can make.
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