A kitchen renovation is an exciting part of home improvement. If you think about the hard work, heavy duty tools and vicious chemicals that enter your house when renovating a kitchen, you may start feeling nervous about the whole process. But, don’t worry because here I’ll give you some advice and recommendations to help you deal with the renovation.
Renovating your kitchen is a great way to increase the sale price of your home. If you need to raise cash then using your house as security to get a loan is a good idea, but what if you want to redo your kitchen instead of selling? Many lenders will allow you to take out a second mortgage or refinance an existing one for the purpose of renovating, and this provides homeowners with additional flexibility in the work they can do.
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The total cost of your kitchen renovation will be determined by a number of factors
The total cost of your kitchen renovation will be determined by a number of factors. The size and layout of the kitchen are the first things to consider, as the materials, fixtures, and appliances needed will largely be based upon these aspects.If you’re building in an existing space, you may need to hire a contractor to remove walls or change plumbing in order to accommodate the space you want. If you are building a home from scratch or adding on an addition, this is obviously less of a concern.
The size of your kitchen
The cost of a kitchen renovation depends on the size of your project, the quality of materials, and whether or not that layout will change. Kitchen remodels provide some of the highest resale returns as a home improvement project. However, it’s essential to consult with a kitchen designer or contractor before proceeding with a kitchen remodel.
The materials used
Basic materials such as laminate countertops and plastic-laminate flooring can be found at low prices, while more expensive materials such as butcher block, granite, concrete and tile will run you more. Other cost factors include the square footage of the space; additional rooms; the location of your home; and any new appliances you’re adding to your kitchen.The total cost for a kitchen remodel can range from $10,000 to $40,000 based on the size of your project.
Labor costs
Labor costs, on the other hand, take more effort because you need to estimate how long each type of work will take to complete. Homeowners can use the Housing Industry Association’s Building Cost Calculator to ballpark labor costs for their renovations.
For example, if we know that it will take a team of four carpenters an average of 15 hours to install new flooring in a 500 square foot kitchen, then at a rate of $35 per hour per worker, the cost of labor for that aspect of the job will be $2,625.
Know where you want to spend
How much to renovate a kitchen depends on the size of your space and the products you choose. But it’s important to remember that kitchen renovation costs aren’t just measured in dollars: time, space and disruption all need to be taken into account when you’re planning a new kitchen.
There are three basic ways you can organize your kitchen remodel:
- Custom high-end. If you want all the bells and whistles, consider a custom designed kitchen. In this situation, you’ll work with a designer who specializes in kitchens. You’ll select everything cabinets, countertops, appliances yourself. This is an expensive way to get a dream kitchen, but it will last for decades with proper care.
- Semi-custom mid-range. If your budget is tighter, consider semi-custom cabinets. These are made in a factory, but they can be modified to fit your space perfectly and they come in lots of styles and finishes to match your tastes and preferences. With semi-custom cabinets, you’ll also have more flexibility when it comes to countertop materials and appliances.
- Stock low-cost. Stock cabinets are available at virtually any home improvement store or even through online retailers like Amazon or Wayfair. They’re the least expensive option for kitchen design.
Different ways to save money on kitchen renovations
Renovating your kitchen can be a great investment for any homeowner. In addition to creating a beautiful, functional place to cook delicious meals, entertain guests, and spend family time, a kitchen remodel offers a high return rate in the real estate market. Such a large project does require careful planning to ensure its affordability, since certain factors like the amount of labor, the kitchen’s size and the chosen materials can greatly affect the overall cost.
Homeowners often want to know how they can save money on home improvements without sacrificing quality. One-way homeowners cut costs is by doing some or all of the work themselves. This can be an effective way to save money; however, it is important to consider whether or not certain aspects of the remodel would be better completed by an expert instead of attempting them yourself.
Conclusion
The cost of renovating a kitchen can be anywhere between $2,000 and $20,000, depending on your choice of designer and the scale of the remodel. As you plan your budget and begin the search for a designer, keep this range in mind. It is also helpful to note that these figures do not include the price of appliances, cabinetry or countertops. The range for these items will vary as well.
Renovating your kitchen will change the way you live in a way few other rooms in the home can. And if you’re getting ready to start renovating, you’ll likely want an idea of how much you can spend. We clearly break down how much it will cost you to renovate each room in your kitchen, and what factors affect the price.