I can’t tell you how many times I get asked the question, “how much does it cost to remodel a kitchen?”
Kitchen remodels are one of the most common upgrades a homeowner can make. Not only have cooking shows on the food network, and blogs like Pinterest inspire more people to cook, but the current pandemic has left parents’ at home to experiment with that new cookbook, or that new recipe. As I look around, more and more clients are asking for kitchen upgrades ranging from granite countertops to Viking stoves, and warming drawers.
Kitchen remodel costs depend heavily on upgrades, size, and depth of renovation. Something that starts out as a small project can easily turn into a much larger project. Here are some statistics from Homeadvisor.
Average kitchen remodel cost: $13,113 – $37,157
Average cost per square foot: $75 – $250
Low and high end remodel range: $4,000 – $60,000
Methodology: HomeAdvisor collected survey responses from 8,106 members who recently completed a kitchen remodel.
Replacing your cabinets and countertops is going to be your biggest expense. Stock cabinets can range from 4,000-5,000 and up, 8,000-10,000 for semi-custom, and 16,000-20,000 for custom cabinets. The price will continue to go up as you customize your cabinets with colors, hardware and style. Kitchens are so expensive due to the finish materials, plumbing, electrical, and large open floor plan that’s involved in the renovation.
Is remodeling my kitchen really worth it?
An average kitchen remodel will pay off more than a high-end renovation. According to remodeling magazine’s Cost vs. Value Report, a major kitchen remodel costs $68,490 and homeowners recoup $40,127, which is 58.6 percent. Kitchen remodels are a great selling or buying point when purchasing a home as they increase equity, appearance, and the sale price.
How can I save on a kitchen remodel?
Some tips for saving on a kitchen remodel include: re-facing or painting existing cabinets, staying with the current layout, using affordable materials for the floor and back splash, doing some of the demolition work yourself, adding new hardware, bundling affordable appliances, and shopping around for cabinets.
Is a Kitchen remodel right for me?
If you’re contemplating remodeling your kitchen, and are unsure if it’s the right move, here are some questions to ask yourself.
1. Is your kitchen 20 years or older?
2. Are you selling your home?
3. Are you buying a home with an outdated kitchen?
4. Is your kitchen functional?
5. Are you satisfied with the size of your kitchen?
6. Are you cabinets outdated and falling apart?
7. Is your family growing and in need of more space?
Kitchen remodeling can be a expensive daunting task, and should not be taken lightly. Your home will be upside down for a few weeks and your will have to figure out how your going to feed yourself and your family. Talk with a few contractors to see if this is the right move. Sometimes, just changing some appliances and painting cabinets can make a world of a difference.
