The kitchen is the king of the house in any buyer’s mind. But it’s not just about resale value when renovating a kitchen as most homeowners spend considerable time in their kitchen and a new look can provide tremendous personal enjoyment.
That all sounds great but it’s a BIG project and there is a lot of uncertainty when it comes to pricing. What should it cost? And am I getting ripped off? Below is a guide on how much you can expect to spend.
Kitchen remodeling projects vary greatly in price depending on the size of your home and the scope of the remodel but the majority of remodels cost between $15,000 and $50,000.
The biggest expense is traditionally the cabinets. Quality cabinets start at $8,000 but some homeowners spend up to $20,000 on their cabinets. The cabinets are important to the look and feel of the kitchen so the price point is justified.
Next to the cabinets, countertops are the most expensive decision. Granite is a popular choice and that typically costs $3,000 – $7,000 depending on size of the countertops and choice of specific granite.
Some homeowners also choose to replace their appliances to add to the “new” factor of the kitchen. That typically costs $5,000 but a stainless steel appliance can do wonders for the look of a kitchen.
Now, someone has to do the work. As you consider your budget, don’t forget the labor. The cost of that can be $6,000 – $20,000. Be prepared for extra costs if you are changing the layout or moving the sink. These activities tend to influence the plumbing which adds cost to the project.
As you start your kitchen remodel, it’s not a bad idea to keep some contingency money in case you go over budget. The costs add up quickly but the value to you and to your home make kitchen remodels a good consideration for any homeowner.
The experts at JM Design, Cleveland area home remodeling contractors, can help you identify the right remodel for your home and ensure a flawless execution. Ask us how!