Planning the Costs of Your Kitchen Remodel
Everyone wants a kitchen they can be proud of. But the kitchen you get when you purchase your home may not be what you desire. Designing your own kitchen is the best way to get exactly what you want. First, you need a kitchen remodeling contractor to help you plan everything.
The cost of your kitchen remodel will determine how far you can go with your plans. This is why it’s essential to have a knowledgeable designer on your team. At GBC Kitchen and Bath, you will have access to professionals who can help you plan your kitchen design from concept to completion.
If you’re worried about your budget for a kitchen remodel, continue reading to learn more about kitchen remodeling costs.
The Costs: From High to Low
Did you know the average cost for a kitchen remodel is around $21,675? This is taken from a national database, which showcases nearly 5,000 different kitchen remodels performed in recent years. On the high end, you can expect to pay as much as $50,000.
Then in the middle, homeowners typically spend between $12,710 and $33,017 on a kitchen remodel. If you’re looking for an absolute basic kitchen remodel, you can save a lot of money at $4,300. However, you may not get all the bells and whistles your heart really desires.
What to Expect at Different Price Points
Numbers don’t really explain much about a kitchen remodel. So here’s a quick break down of what you can expect from the various price points mentioned above:
• $10,000 to $15,000: At this cost, you can have your cabinets refaced, walls painted, sink upgraded and a tile backsplash installed.
• $21,000: This would allow you to upgrade everything in your kitchen, such as the cabinets, countertops, wall paint, sinks and faucets, backsplash.
• $30,000 or more: You get everything at this price and more, such as flooring and appliances. You can also settle for fewer upgrades, but with higher-quality materials.
Majority of homeowners opt for a kitchen remodel that costs between $12,710 and $33,017. The labor costs are very important for determining the final estimate of your kitchen project. So you’ll need to work together with a remodeling contractor to figure out the cost for materials and installations.
Let’s Estimate the Cost of Your Kitchen
Estimating the cost of your kitchen remodel is the first step. Without a clear budget, you could end up breaking the bank. So before you begin plotting on having your cabinets refaced or replaced, go over the bigger issues.
For instance, what do you want from your kitchen remodel? Are you looking for improved functionality? Or maybe you want to improve the quality of the materials used? Do you need the layout changed to better suit your family needs?
Questions like these will help determine the scope of your remodeling project. It’s essential to know where the majority of your money will go. You may find that upgrading to stainless steel appliances and granite stone countertops is highly desirable.
This may cut away from the budget to have your cabinets replaced. Instead, you can settle for having them refaced by a professional. Make sure to stay open-minded and flexible while you’re planning the budget for your new kitchen design.
How Your Budget Will Be Allocated
The National Kitchen & Bath Association does a great job of breaking down how money is spent on a kitchen remodeling project. Here’s how it looks:
• 29% for hardware and cabinetry
• 17% for installation fees
• 14% for ventilation and appliances
• 10% for countertops
• 7% for flooring
• 5% for lighting
• 5% for ceilings and walls
• 4% for windows and doors
• 4% for design costs
• 4% for plumbing and faucets
• 1% for other stuff
In most cases, you won’t need to have all of these things in your kitchen remodel. So you can take away from one area and give it to another. You can also see where to cut costs to make your kitchen design work.
For instance, you can drive down the cost for the cabinets by opting for pre-fabricated ones instead of customized versions. The cabinets take up almost 30 percent of the total kitchen remodeling budget. That is a large chunk, so cutting costs here makes a whole lot of sense.
If you’re convinced you absolutely need customized cabinets and other expensive features, you can always break up the project. You can hire the contractor to install materials over the course of a few months. This way, you don’t have to pay one large lump sum payment.
Now, let’s get into what some kitchen remodeling estimates include.
Remodeling a Small Condo Kitchen
A lot of people today live in small homes, condos, townhomes and various other properties that lack square footage. This is economical and convenient for most. While this is great for your overall budget and lifestyle, it may be difficult to remodel your kitchen.
All you need is some creativity and expertise to get the kitchen you desire. In other words, you need a really great remodeling contractor on your team.
If you’re dealing with a small, cramped kitchen, your options are limited. But the cost for remodeling this space is typically affordable, costing anywhere from $5,000 to $15,000. Of course, it all comes down to the materials and feature you’re installing.
There are various changes you can make to your little kitchen that can provide big improvements. No structural changes are needed either. The following are recommendations you can use to inspire your new kitchen design:
• Maximize storage space: There may not be much square footage, but there’s plenty of wall space. You can use vertical space to create more storage options for your food and supplies. Try upgrading to larger cabinets, adding more cabinets or installing shelving systems along the walls. Other options include roll-out trays, lazy susans, tiered racks and pull-out shelves.
• Go eco-friendly: Going green is a great way to help the environment and there are tax incentives involved. Some options include LED lighting, Energy Star appliances, eco-friendly faucets and double-paned windows. There are also green paint options you should consider.
• Use pull-out counters: Countertop space is a must if you’re a chef in the kitchen. You can create more countertop space without actually installing more. Implement a pull-out counter to have the extra space when you need it and put it away when you don’t.
• Get smaller appliances: Many appliances have downgraded in size. Opt for a smaller fridge, oven, stove and dishwasher.
Some homeowners go as far as to knock out a wall or install built-in cabinets and appliances. This way, nothing is protruding out and eating up limited floor space. Just make sure to check with your local ordinances to determine if your remodel is within building codes. Your contractor will be able to obtain the proper permits if needed.
Doing a Bigger Kitchen Remodel
Say you’re looking to dish out between $10,000 and $15,000. You can do a lot more within this price range. However, it’s a good idea to work with a contractor who can obtain materials from an affordable wholesaler. This will help drive down the costs, allowing you to spread your budget elsewhere.
Here’s what you can expect to accomplish within this price range:
• Upgraded faucet and sink
• Installed stock cabinets
• Upgraded appliances
• Painted ceilings and walls
• Installed or replaced countertops using tile, vinyl or laminate
• Installed eco-friendly lighting beneath the cabinets and in the ceilings
• Refaced or refinished cabinets
• Added tile backsplash
Going for an Even Larger Kitchen Remodel
So you have a little more money to work with – $15,000 to $30,000. This is good news for you, because you’ll have a lot more room to play around with different ideas. If you have worn down cabinets and flooring, this remodel will cover the costs for replacements.
You can also plan to have various other areas upgraded with higher quality materials, such as hardwood, granite, Formica and Corian. You may even be able to spend a little extra on customized cabinetry.
Here’s what you can expect to get in a remodel for this price range:
• Upgraded countertops with quality materials, such as wood, stone or metal
• Upgraded kitchen appliances
• Replaced flooring
• Installed kitchen island
• Installed custom cabinetry
• Installed recessed lights
High-End Kitchen Remodel
Those who have $30,000+ to invest in their kitchen remodel will have leg room to do just about whatever they want. Within this price range, you have the ability to invest in high-end materials and appliances all around. You can even go eco-friendly all the way.
Here’s what you can do with your kitchen remodel:
• Install high-end Energy Star rated appliances
• Install new faucet and sink
• Install overhead lighting
• Install hardwood floors
• Install natural stone countertops
• Install customized cabinetry
This is a major kitchen remodel, which in some cases involves restructuring the layout of the space. In some instances, homeowners spend as much as $50,000. The sooner you work with a designer, the easier it will be to plan out the remodel and the costs.
What Are the Factors of a Kitchen Remodeling Costs?
It’s time to start budgeting for your kitchen remodel. There are key factors you need to consider when doing so. For instance, the longevity of the design, your budget and what other homeowners are doing in your neighborhood.
Let’s see why these factors are so important.
Factor 1: Your Budget
This should be a top concern for obvious reasons. Without a budget, you may end up with a half-job, due to running out of funds. Or you could end up with lower-end materials you didn’t really want because you didn’t do the research.
On average, it costs $5,000 for a low-end kitchen remodel, $25,000 for a mid-range kitchen remodel and $45,000 for a higher-end kitchen remodel. Keep in mind additional work that may need to be done, such as plumbing, wiring and structural changes.
Factor 2: Longevity of the Remodel
You don’t want to invest thousands of dollars in a kitchen remodel that won’t last long. If the materials are all cheaply made, then you can expect wear and tear to appear quickly. Once it does, you’ll have to dish out more money to have it repaired or replaced.
Also, if you’re getting ready to put your home on the market, it wouldn’t make sense to spend too much. Especially if you’re not going to make that money back. As a rule of thumb, you should only spend around five to 15 percent of your home’s total value on remodeling the kitchen.
On the other hand, if you’re looking to live in the home for at least five more years, then the remodel should accommodate the needs of you and your family. Make sure you build with quality materials that are easy to maintain. After this point, only small changes should have to be made.
Factor 3: Other Kitchens in Your Neighborhood
Why do you need to know what homeowners in your neighborhood are doing with their kitchens? Because if you ever decide to put your home on the market, these will be your competitors. If they’re installing granite countertops and kitchen islands, you may want to do the same.
This will give your property a competing chance, especially when it comes to features home buyers are looking for.
Let’s Start Designing Your Next Kitchen Remodel
First time remodeling your kitchen? Or maybe it’s time for an upgrade? Either way, you need an experienced contractor to ensure everything runs smoothly. At GBC Kitchen and Bath, we have experts who can assist with the design and execution of your kitchen remodel.
Our professionals can provide you with a free estimate to give you an idea of what it all will cost. All of our contractors are licensed, bonded and insured and have over 10 years of experience. The products we offer are all top-tier and competitively priced.
Get in touch with us today to learn more about our products and services!