How Much Money Needed For Remodeling a Kitchen?
Are you planning to remodel your kitchen? It’s a great investment for any homeowner as it is widely known that kitchen remodeling is one of those things that should get you a good return on your investment. However, Orlando kitchen remodeling doesn’t come cheap and therefore, you need to have a proper plan in place if you want to get the most value out of your investment. Here is what you need to know about the cost of kitchen remodeling.
Needless to say, the cost of remodeling will depend on the type of remodel plan you choose for the kitchen. If you go for a minor remodel, the cost is going to be less. Minor remodel is focused on enhancing the overall usability and look of the kitchen. It usually involves painting the walls, addition of new flooring and energy-efficient appliances. In a minor remodel, the cabinets are not replaced but are refaced or people choose entry-level cabinets that are ready to install. The kitchen sink, faucets and counter tops are also replaced. All these things combined gave a fresh new look to the kitchen and it doesn’t cost that much money. Most experts estimate that a minor remodel of your kitchen should cost you less than $25,000.
You also have the option of opting for a major remodel. In a major kitchen remodeling plan, the kitchen is almost overhauled as most of the key features including flooring, appliances as well as lighting are replaced with the latest versions and some other high-end items are also added to the kitchen such as semi-custom cabinetry as well as matching faucets. It usually also involves a new island in the middle of the kitchen and a lot of new things. A major kitchen remodel should set you back by close to $70,000.
There is also the option of an upscale kitchen remodel which focuses on addition of luxury or specialty items to your kitchen. These luxury items typically include top-of-the-line appliances, high end counter tops and water filtration systems among other things. The upscale remodeling is focused on enhancing the usability as well as appearance of the kitchen. The average cost of an upscale kitchen remodel is estimated at close to $150,000.
It is important for you to keep in mind that the numbers mentioned above are average and there can be a huge variation in these numbers depending on the city. Some cities are expensive which means you will have to pay a higher price for remodeling your kitchen as compared to the cost of remodeling in other cities. If you want to get the most value for your money, there are certain things you need to be sure about. First and foremost, you need to be pretty sure about why you are remodeling your kitchen. Whether you plan to live in it for many years to come or you plan to sell the house in a year or two. You also need to think about changing the layout of your kitchen and whether a new layout would make more sense in terms of aesthetics as well as usability.
As far as the total budget is concerned, it’s surprisingly easy to overspend when remodeling your kitchen or other parts of the house. Therefore, you should first fix a budget and then divide that budget into different categories to make the most of it. Experts recommend following the one third rule in order to get the best results. You should spend 1/3 of your budget on refurbishing existing cabinets or on new cabinetry. One third of the budget should go towards updated backsplashes, sinks, countertops, flooring as well as energy-efficient appliances and a third of the budget should be kept for installation and labor expenses.
To conclude, there is no standard cost of kitchen remodeling. It depends on your choices. If you are want to opt for a major overhaul, you can expect to spend a lot more money as compared to a minor kitchen remodel. So, keep the above mentioned tips in mind and fix a budget before starting your remodeling project in order to get the most value for your money.
Mark Ligon is the Marketing Manager at a leading e-commerce store in plumbing supply. Mark focus is on DIY projects and providing creative and practical advice to individuals looking to complete DIY projects of their own