A lot of significant home renovation likely involves the kitchen. According to most home renovation studies from 2018 to 2019, the kitchen is still the most popular part of the house to get renovated. Out of 150,000 people surveyed, 28% of the respondents renovated the kitchen just last year. But it is also the most expensive to renovate. The average cost of a remodel is more or less $15,000 in 2018, according to the report, followed by the master bathroom as the second-most expensive room to renovate, with an average cost of $8,000.
Given that people will replace most of the appliances, countertops, cabinets, and even the plumbing, it is quite easy to see why it is a costly room to remodel. And depending on your vision for your kitchen, you might need to prepare yourself to spend more or less $15,000 for renovation costs.
Kitchen remodeling cost
According to most contractors, the average price for a makeover can cost at least $24,000. Low-end redecoration starts at around $4,000 to $5,000. High-end projects can cost you $50,000 to $100,000. The difference between the estimates is because of the range of options, as well as the scale of the project. A lot of makeovers are smaller projects – think of cabinets or countertop replacements instead of a total overhaul of the room.
For a more thorough look at the cost of remodeling, visit https://www.thespruce.com/estimated-home-remodeling-costs-1822303 for more information.
Not only that, it is imperative to keep in mind where the house is located, the condition of the kitchen, the materials that will be use, as well as the scale of the overall project since it will determine the cost of the construction. Especially if the homeowner is planning to overhaul the entire kitchen, the estimate for the project will likely get higher compared to the reported national averages and medians. When considering for an overhaul, think about how much you are willing to spend on the project.
A good rule of thumb is that it needs to value anywhere from 5% to 15% of the house’s value. The amount of money you will spend on the renovation also depends on how much cash you set aside or the amount of loan for home improvement you have obtained. Based on the national averages, online estimates, and contractor’s calculations, we have assigned a rough estimate of all the costs for a kitchen renovation. Listed below is the breakdown of the cost:
- Plumbing and Fixtures: 5%
- Floors: 5%
- Lighting: 5%
- Countertops: 10%
- Ventilation and Appliance: 15%
- Cabinets: 25%
- Labor: 25% to 35%
- Additional budget cushion and finishes: 10% to 15%
Hiring general contractors or a team, as well as different specialists like electricians and plumbers, will require you to spend a portion of your budget. If you ask the help of a general contractor to manage the project, there is a bigger chance that they have a staff of licensed experts on call.
Alternately, you can get the services of a general contractor that only oversees the principal construction work and hire additional experts if needed. The labor cost can increase if homeowners incorporate the work of the designer, who can plan a unique and pleasing look for your kitchen.
It can value between $100 to $300 per hour. If you want to save money, do not skimp on the labor part of the construction, as well as the design. People undergoing home renovations do not regret their decision to spend money on the design.
To find out more about this topic, you can do your due diligence and do some research over the Internet. You can search “general contractor reviews in Ottawa” or “kitchen renovation in my area” to read reviews from different construction websites.
Expect cabinet installations to account for a quarter of your renovation budget. According to home improvement sites, the average cost of cabinet installation is between $6,000 and $11,500 – it plays into the total cost, whether you choose a prefabricated cabinet or a custom design.
Ventilation and appliance
Ventilation and appliance will have the second-biggest share of your renovation budget because of new devices and ventilation associated with fan or range hood installation. Keep in mind that big retail stores like Home Depot and Lowe’s usually offer deals when you purchase stovetops, microwave, dishwashers, ovens and refrigerators in matching finishes. They can also offer appliance discounts and sales during certain holidays like Christmas and Black Friday.
The variety of materials used can affect the amount of money that will be spent. Granite and marble are considered high-end materials that can cost at least $50 per square foot. If homeowners want to save some money, they can use butcher blocks or laminate that can take around $40 to $45 per square foot.
Lighting, floors, fixtures, and plumbing
These four will eat up 5% of your budget and considered construction adds-on. You will need to buy light bulbs, wires, floor tiles, sinks, water hookups, switches, faucets, or pipes to complete your kitchen renovation.
And lastly, keep in mind that there will be surprise issues during the remodeling process. Water damage from leaking pipes that need to be replaced or damaged walls that need to be removed is just typical. By leaving a small portion of your budget for these unexpected issues is a good idea, since it would reduce the chances of needing to undergo a design overhaul if something went wrong.