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May 8, 2020

What Does It Cost To Remodel a Kitchen? Your Renovation Budget

Renovating a kitchen can add a lot of value to your home, which is excellent news if you’re planning on selling your property soon.

An outdated kitchen can be a major detraction for home buyers. It also makes all of the difference between living in a home that you love and a home you simply like. But when considering a kitchen remodeling costs and design must be considered.

They say the kitchen is the heart of the home and for good reasons. It’s where we come together to gather for meals, parties, and celebrations. This is why this space is so accessible and high up on the homeowner’s renovation wish list.

Kitchen remodeling is one of the most significant home improvement projects you can do in terms of return on investment(ROI) a kitchen remodeling will boost your home value and give you an ROI between 75% to 100% of what you spend. Keep this fact in mind as you go about selling your Budget.

The total amount you will spend on your kitchen remodeling is determined by several factors, including the size of the space, quality of materials, and whether or not you change the layout.

Kitchen Remodel Costs:

-What do you want from the space?

-How do you want it to look and function?

-Are the size and configuration, right?

Budgeting a Kitchen Remodel

When planning a kitchen remodel, your number one concern is your Budget. If you don’t plan properly, there’s a good chance you left your project with a half-finished space after the funds run out, and you will find yourself in debt at the end of the project. There are aspects you should consider, and it determines how much you can finish, the availability of materials, what quality of product will look like, and how much professional help you’ll need.

As a homeowner, you should also set aside 15% – 20% of your Budget for any unexpected problems such as plumbing, electrical, structural, and other problems that could arise.

-Minor – $5,000 – $15,000

Mid-range – $15,000 – $30,000

-Major – $30,000 +

What should you spend? You spend 5% to 15% of the home’s value of your project without negatively affecting its resale price.

Costs to Renovate a Kitchen by Size

It could cost as little as $5,000 to remodel a small kitchen and as much as $60,000 to do a large renovation. The size of your space will play a significant role in how expensive your remodeling gets.

Size ( square feet)                 Average cost

Small (<70)                              $5,000 – $20,000

Medium (100 -150)                $15,000 – $40,000

Large (200+)                             $30,000 -$60,000+

High-End Kitchen Upgrade Cost

When you spend $30,000 or more to remodel a kitchen, you’ll love more leeway to pick and chose which improvement you want to make.

If you decide to go with a major remodel and spend upwards to $50,000, you should consider consulting a professional kitchen designer. Also when estimating the cost of a kitchen remodel you should include, longevity and by planning these factors it’s possible to come out with good results that meet your expectations.

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