Kitchen remodel cost
Trulia’s “Remodeling on the Rise” survey reports that kitchen remodels are the foremost popular among homeowners planning a project at some point. Unfortunately, kitchen remodels also are incredibly expensive.
Most people spend between $25,001 and $50,000 on a kitchen renovation. an honest rule for kitchen renovation budgeting is to spend a minimum of 5 percent of the home’s value on a kitchen renovation. the typical U.S. home value is $226,300, therefore the average homeowner would want to spend—at minimum—$11,315 on a kitchen remodel. Spending even that sum on a full kitchen remodel could also be difficult, though, considering how pricy kitchen updates are often .
A full kitchen remodel would likely involve replacing cabinetry, instead of refinishing kitchen cabinets. But homeowners who pick refinishing kitchen cabinets over replacing them can do so for a few third of what new cabinets may cost . the typical cost for refinishing kitchen cabinets is $2,456; with the relative savings from that, compared to a $6,000-plus new set of cupboards , a budget-savvy homeowner could get new appliances, too, and still finish the kitchen remodel for fewer than $5,000. New countertops won’t fit inside that budget, though—the cost to put in a countertop averages $2,909, but factors like kitchen size and surface choice can change that.
With these figures in mind, it’s no surprise that a kitchen remodel can easily cost quite $25,000, especially if the update involves high-end materials, fixtures, and appliances. After all, a full kitchen remodel requires new lights, new paint, a replacement kitchen backsplash, new floors, and sometimes new plumbing and electric work, plus labor, on top of the value of latest cabinets and countertops.
Considering Trulia’s survey finds that only 20 percent of house owners are willing to spend quite $10,000 on a home remodel and Porch’s finds that only 6 percent decide to spend that very same amount, a full kitchen remodel could also be out of reach for several , a minimum of until they’ve had time to save lots of . Of course, smaller kitchen updates like a replacement paint job, a replacement backsplash, or new appliances are always possible, and sometimes for fewer than $5,000.
Before we get to the breakdown of the average cost for your home remodel, you need to check a few essential boxes before beginning. You need to clarify the following points because they can help you make an informed decision and estimate your project.
Here are four things you should consider before considering the average cost you’ll incur when remodeling your home.
What Is The Motive Behind Your Remodeling?
First, establish the reason behind the remodeling before proceeding any further. Maybe you want to sell your house and remodel to increase the price of the home.
Other reasons may be to increase the functional qualities, fix some small issues, or just to improve the style of your home. Whatever the reason may be, make sure you cover every ground before moving forward with your plan.
Which Specific Area Needs Remodeling?
You should know what needs significant remodeling in the house. Sometimes, you could be fixing a problem while the root of the problem is left untouched. Instead of finding the root cause of mold in the ceiling, you would instead use the wallboard to cover the mold.
Even though you may save money, you could incur more costs when the mold causes massive damage to the ceiling and other surrounding parts. So you need to be sure of what exactly needs to be fixed.
How Do You Want To Tackle The Remodeling?
It’s essential to know how to go about the remodeling of the house. Why? Because it adds to the overall cost of the project. Do you plan on remodeling the home yourself? Will you need the help of others, maybe a professional?
Do you plan to use a subcontractor, which gets the jobs done better and faster? Subcontractors can be expensive if you don’t know where to search. We recommend that you get different quotes to see the cost of your project.
You can get a free quote for your remodeling project and choose the best subcontractors within your budget. You can also call 1-800-995-3959 for an expert’s analysis of your house project.
How Much Should Your Home Remodel Cost?
There’s no specific answer. It relies on the square footage of the place you want to remodel. It will also depend on any addition of the square footage, the quality of the remodeling, acquisition of permits from authorities, etc
But, what you should do is always to have a budget prepared. Add contingency to the budget because we’re sure there’s a high chance of the project not going as planned. You also need to break the project into sections or rooms to estimate the average cost.