What Is the Average Cost to Remodel a Kitchen?
Looking to remodel your kitchen, but don’t have a clue about what it will cost? Find out what a kitchen remodel will typically cost and how to save money on your new dream kitchen.
Kitchen remodels are one of the most popular, and also one of the most satisfying, home remodels. A fresh kitchen design not only updates your home and increases resale value, but it can also make your kitchen a more functional, compelling epicenter of your home. But one of the first questions homeowners will consider when planning a kitchen remodel will be the price; what they can expect to pay, and more importantly, what they can afford.
Where You Live Matters
The cost to remodel a kitchen can vary wildly, not just from state to state but also depending upon whether you live in a rural or metropolitan area. Kitchen remodels in the South tend to be cheaper than ones in the North and West with a major kitchen overhaul costing as much as $20,000 less in the South than one in California, for example.
Midrange Versus Upscale Remodels
In its annual Cost vs. Value report for 2019, Remodeling Magazine puts the national average for a midrange major kitchen remodel at $66,196 and an upscale major kitchen remodel at $131,510. In the Pacific region (Alaska, California, Washington, and Oregon), according to Remodeling Magazine, that same midrange major kitchen remodel jumps to $72,513 and an upscale major kitchen remodels jumps up to $11,823 from the national average to $143,333. Compare those costs to the South Atlantic Region (Maryland, South Carolina, Florida, North Carolina, Georgia, Virginia, and Washington, D.C.) where a midrange major kitchen remodel prices out at $63,387 and an upscale major kitchen remodel is $126,307. The addition of luxury stone or marble countertops, high-end faucets and flooring, a commercial-grade range, and luxury faucets can all significantly increase the cost of a renovation.
HomeAdvisor puts the average kitchen remodel price in the $12,567 to $34,962 range. A small kitchen remodel can cost as little as $4,000 and a lavish remodel can cost as much as $50,000+.
Spend Wisely
Homebuilder insiders recommend only spending as much for your kitchen remodel as you hope to make back when you sell your home if you expect to sell in the next five years. Staying in your home for longer than five years? Then creating a kitchen remodel that you and your family will love is the ideal end goal.
What Costs the Most
Part of determining the price of your kitchen remodel is the extent of your makeover. Your biggest cost investment for a kitchen remodel will usually be cabinets, which typically eat up 25 percent of your budget. Going budget-friendly on your kitchen cabinets at Ikea or a big box retail shop can save a huge amount of money. On-trend hardware in brass, for instance, stands up better to wear and tear and can give cheaper cabinets a more custom, expensive look. By the same token, splurging on a quality faucet but not necessarily buying a super expensive sink can also make a big difference in your overall remodeling budget. You can also add custom doors to standard cabinet boxes to give a more custom look. And instead of spending money on custom features like pot or recycling organizers inside your cabinets, consider using customizable organizers purchased at retail stores to keep your cabinets neat at a lower cost.
How to Save Money
Ornate crown moldings, pilasters, and other unnecessary ornamentation will also eat up your budget quickly while simple, clean woodwork will stand the test of time and is easier on your budget.
Followed by cabinet cost, labor and appliance costs generally consume 20 percent each of your budget. By not fixating on status-oriented appliances by Sub-Zero, for instance, but instead using mid-range appliances, you can save a bundle on your remodel.
Plan (and Save) for Surprises
Experts also recommend setting aside 20 percent of your budget for unexpected surprises, which could include unpleasant demolition discoveries such as water damage, the electricity that is not up to code, or other budget-spiking gotchas.
Stick to Your Budget
What is especially critical, experts advise, is to stick to your game plan (and budget) as the renovation unfolds. Adding extras or more features can quickly inflate your budget and lead to a domino effect of increased cost.
For those looking to remodel their kitchen within a tight budget, there are several options including using an inexpensive countertop material like butcher block, refacing existing cabinets, adding new paint to existing cabinets, replacing existing floors with a laminate or other affordable material. And a fresh paint job can do wonders to refresh a kitchen. Using particleboard instead of plywood where it won’t be seen, doing the demolition of the kitchen yourself and other money-savers can help you get the kitchen of your dreams but without going into debt to do it.