If you want a good home renovation idea, renovating a kitchen is the best investment. It will pay off with a new shape and added functions. But the number one question from every homeowner is: How much does a kitchen renovation cost? The answer is all over the map, from project scope to materials to kitchen size. To present a clearer picture of what to expect, let’s break it down.
Breaking Down the Costs
Cabinets and Hardware (30% – 40% of Budget)
Cabinets can be the most oversized budget item for a renovation, taking up to 30% to 40% of your total spend. Choosing custom cabinetry and the sticker shock will inspire you to consider higher-end semi-custom or stock cabinets seriously. The type of materials for cabinets also affects the pricing. For example, solid wood cabinets are pricier but will last until the end of time and add a touch of class to your kitchen. Particleboard or MDF cabinets, on the other hand, are less durable, so you can expect them to get replaced in the short term. Materials used also affect the cost and will vary based on how simple or intricate the design is and the type of hardware chosen.
Appliances (15% – 20%)
Another consideration is appliances, which will also cost a lot. Higher-end or more expensive models can come loaded with the latest technologies. Unfortunately, high-end brands can set you back a pretty penny, but budget-friendly yet effective units provide excellent bang for your buck. Refrigerators, ovens, refrigerators, and more can cost users a few hundred dollars. For an adorable refrigerator or oven, expect to spend a few thousand dollars based on brand and technology.
Countertops (10% – 15%)
Countertops are highly visible, and the most functional part of a kitchen, and your selection can significantly affect the overall price. A square foot of Granite, quartz, and marble flooring options fall higher, ranging from $50 to $200. Heat resistant | Luxury appearance | High wear characteristics Granite, on the other hand, has a distinct and natural look with different patterns and colors to choose from, while quartz gives off that uniform appearance at a lower cost for maintenance. Beyond the material itself, other factors might add to the price based on how complex it is to install that countertop. If a countertop needs customized cuts, custom edge profiles, or an integrated sink, you could be charged substantially more due to labor. Working with kitchen renovation contractors to find the right balance of aesthetic desires and practical durability will help ensure that the chosen countertop fits the goals and financial constraints of any restoration or remodel project.
Flooring (5% – 10%)
While hardwood is excellent for durability, it is prone to water damage, making it an essential factor to consider due to the nature of most kitchens. Tile flooring is also popular and offers durability and water resistance, mainly ceramic or porcelain, at a slightly more moderate price, from $5 to $10 per square foot. Vinyl and laminate are two cost-effective options that can provide the look of wood or stone for a fraction of the price and with little maintenance. One of the most common alternatives is luxury vinyl plank (LVP), which can cost between $2 to $5 per square foot. It has been gaining popularity due to its inexpensive price point, ease of installation, and water resistance. Renters could spend anywhere from $1 to $6 for flooring per square foot, and payroll pricing can add up to $3–$7 each square foot. Choosing the top-rated kitchen renovation companies with qualified flooring installers is another decision homeowners must make when preparing for kitchen renovations with input from design or remodeling experts.
Lighting (5%)
Recessed lighting or ceiling fixtures are often used as ambient lighting, coupled with task lighting from under-cabinet and pendant lights. This ranges from LED strips within glass cabinets to directional lights built into a backsplash. Lighting fixtures: New lighting fixtures can cost between $100 and $1,500 each, depending on the type and quality of the fixture. Installation will also be a consideration, typically costing an electrician $75 to $150/hr.
Labor and Installation (20% – 35%)
Labor is one of the largest costs in any remodeling project, sometimes taking up to a third of the budget. Qualified labor from kitchen renovation contractors will complete the renovation with electrical, plumbing, cabinetry, countertops, and flooring. Homeowners can expect labor costs of $5,000 to $15,000 for a complete kitchen remodeling, depending on the complexity of the project and their region. Initial electrical procedures, for example, rewiring or introducing new lighting, can add $1,000 to $3,000 in costs. Depending on how deep you go with the plumbing, another $1,500 to $4,000 could be tacked on if you start relocating sinks and dishwashers.
Conclusion
Prospective kitchen renovation projects can be culturally thrilling and economically puzzling. Knowing where the money gets spent on an average renovation can help homeowners establish realistic expectations and make more well-informed choices. To undertake a kitchen remodeling project, you must consider many expenses and hidden costs. Hiring experienced kitchen renovation companies makes this process easier and guarantees that the project will be handled correctly.
