How much does it cost to remodel a kitchen?
What will I pay for a kitchen remodel? This is a question that many people are thinking about right now. And the answer is, well, it depends. What is it based on? It all depends on where you are and what month you are in. The COVID-19 pandemic has disrupted distribution channels. There is roughly the same amount of raw materials available for construction as there was last year and the year before, but interruptions and supply have created strain on supply channels, which have been impacted by worker availability. This is supposed to resolve itself as countries emerge from lockdowns, but the future is less certain about how long this recovery will take or if it will be disrupted by new waves of infections.
Areas with a higher demand are being hit the hardest. Inflation is another factor to consider. Everyone is experiencing inflation on multiple levels, and even if supply pressures ease, inflation is unlikely to reverse. That means prices will only rise or, at best, stabilize.
Here is the situation as of mid-2021.
What is the current size of your kitchen?
Remember that keeping the old style of kitchen layout will go a long way toward keeping your costs down. Keep in mind that the more items you add to your list of must-haves, the higher your budget will be. And if your list is growing by the minute, take a step back and review it. After all, you won’t appreciate the new-look kitchen if it costs a lot of money. A small kitchen, for example, can be renovated for as little as $10,000.
You may be able to save money if you do some of the work yourself. It all depends on what you’re willing and able to do. Making serious mistakes due to inexperience will have to be paid for in order to “undo.”
According to the National Kitchen and Bath Association, labor costs can range from 20% to 35% of the total budget. But, of course, this will change if you decide to take matters into your own hands, or at the very least assist with the day-to-day tasks. YouTube, for example, is chock-full of videos that demonstrate how to replace kitchen cabinets, redo countertops, choose the right refrigerator for your home, and choose the right colors for a new paint job.
Going DIY will not only save money, but it will also add a touch of personalization. And if someone compliments the color of your cabinets, you can always say, “I did that!” However, if you believe in the adage “leave it to the professionals,” there are more than enough people who can assist you. Here you can find them based on your location. Needless to say, only hire contractors who are licensed, insured, and willing to provide references. A recent survey found that 88 percent of those who decided to renovate their kitchens hired at least one contractor. Your long-term plans will help you decide whether or not you need to remodel your kitchen. Even if you do not intend to live in your home for a long time, remodeling the kitchen can significantly increase the home’s market value if you plan to sell it.
A budget of $20,000 to $50,000 is a good starting point for a medium-sized kitchen remodel. Your remodeling budget will be determined by factors such as where you live, the value of your home, the products you choose, and the scope of your project. Do you want to completely renovate your kitchen, including moving walls and relocating utilities? It will be more expensive than simply replacing appliances and kitchen cabinets in the current layout. Cabinets will undoubtedly consume a larger portion of your remodeling budget.
Location, location, location
The cost of remodeling a kitchen can vary dramatically, not only from state to state, but also depending on whether you live in a rural or urban area. Kitchen remodels in the South are typically less expensive than those in the North and West, with a major kitchen overhaul in the South costing up to $20,000 less than one in California, for example.
Remodeling Styles: Midrange vs. Upscale
Remodeling Magazine’s annual Cost vs. Value report for 2019 lists the national average for a midrange major kitchen remodel at $66,196 and an upscale major kitchen remodel at $131,510. According to Remodeling Magazine, the same midrange major kitchen remodel costs $72,513 in the Pacific region (Alaska, California, Washington, and Oregon) and $143,333 in the upscale region (Alaska, California, Washington, and Oregon). In the South Atlantic Region (Maryland, South Carolina, Florida, North Carolina, Georgia, Virginia, and Washington, D.C.), a midrange major kitchen remodel costs $63,387 and an upscale major kitchen remodel costs $126,307. Luxury stone or marble countertops, high-end faucets and flooring, a commercial-grade range, and luxury faucets can all significantly raise the cost of a renovation.
According to HomeAdvisor, the average kitchen remodel costs between $12,567 and $34,962. A small kitchen remodel can cost as little as $4,000, while a lavish remodel can cost $50,000 or more.
Maintain Your Budget
Experts say it’s especially important to stick to your game plan (and budget) as the renovation progresses. Adding extras or more features can quickly inflate your budget and cause a cascade of cost increases.
There are several options for those looking to remodel their kitchen on a tight budget, including using an inexpensive countertop material like butcher block, refacing existing cabinets, adding new paint to existing cabinets, and replacing existing floors with a laminate or other affordable material. A new coat of paint can also do wonders for a kitchen’s appearance. Using particleboard instead of plywood where it will not be seen, doing the demolition yourself, and other cost-cutting measures can help you get the kitchen of your dreams without going into debt.