One of the first questions we always get before starting a kitchen remodeling project is, “how much will it cost”? While this question is impossible to answer at the outset, we can give you a reasonable estimate based on kitchen remodels we’ve completed in the past, as well as kitchen remodel examples and costs as compiled in the *Remodeling Cost vs. Value Report.
This provides you with a good starting point if you're trying to put together a budget and make decisions on what you can/can’t include. Once the budget is in place, you can move forward with vetting contractors, seeking financing and getting your kitchen remodel underway.
Major Kitchen Remodel
Major Kitchen Remodel Scope
In an example of a major kitchen remodel, you'll replace your cabinets with high-quality, semi-custom fixtures. You'll also replace your laminate countertops, install a vented range hood, dishwasher, built-in microwave, garbage disposal and install a standard double-tub stainless steel sink and faucet. Your contractor will install new flooring and custom lighting, and will finish the job with newly painted walls and trim.
Major Kitchen Remodel Cost
Cost - $65,813
Resale Value - $47,500
% Recouped - 72.2%
This type of remodel might take a little longer than the minor remodel, at about five to six weeks.
Upscale Kitchen Remodel Scope
An upscale kitchen remodel is similar to a major kitchen remodel, but with top-of-the-line fixtures and appliance installation. Here is an example of an upscale kitchen remodel:
Custom or semi-custom cabinets, countertops made from stone, a backsplash made from imported ceramic or glass, commercial-grade cooktop with vent hood and a built-in refrigerator. You'll replace all of your appliances including your built-in microwave, garbage disposal, dishwasher and more. Everything will be high-end and fully energy efficient. You'll install a designer under-mount sink and a unique faucet that adds value to your kitchen through its beautiful finish and interesting construction. The whole project ends with new flooring and painted walls.
Upscale Kitchen Remodel Cost
Cost - $130,779
Resale Value - $75,000
% Recouped - 57.3%
This kind of remodel can take six weeks or more, depending on how long it takes to order the supplies and other factors.
What Makes a Kitchen More or Less Expensive?
Cabinetsaccount for aboutone-third to one-halfthe total cost of the project and will havethe greatest impact on your budget. They range in price considerably based on quality, the type of material they are made of, and whether they are stock (ready made in specific sizes) or custom (produced specifically for your kitchen in whatever sizes and finishes are needed).
Thematerial you choosefor surfaces including counters, backsplashes and floors can also account for variations in price.
Other key elements that factor in to the equation aretalentandworkmanship. In the remodeling business,you tend to get what you pay for. An accomplished designer, skilled sub-tradesmen and expert installation crewmay cost more.But you’ll appreciate their ability every time you use your kitchen.
Working with a design-build contractor can make all the difference, as a design-build contractor will provide you with designs that can be built at the price they quote you. This provides you with peace of mind and allows you to properly budget, ensuring you get the most bang for your buck.
Is a Kitchen Remodel Worth It?
After meeting with contractors and realizing just how much their dream kitchen remodel might cost, many homeowners start to ask the question: is it worth it? The answer is different for everyone. Kitchen remodels may be costly, but they're also a very high-value home improvement. By upgrading your kitchen, you'll improve your home's value and your quality of life at home.
Maybe you've always wanted to have a big family holiday, but your kitchen makes that hard. Perhaps you've always dreamed of having a breakfast nook in your kitchen. Imagine making those changes, and then recouping a large percentage of your costs when you sell your house. For many homeowners, a kitchen remodel is a win-win.
If you're on a tight budget, work with your contractor to find ways to save and accomplish your goals at the same time. Shop around for the right lender, if you need financing. A good loan at a fair rate can help you accomplish your goals and get the kitchen you've always wanted.
Ready to Remodel Your Kitchen? Take The First Step