Are you looking to remodel your kitchen but worry about the costs? These projects can fit almost any budget. However, you need to make good decisions for the renovation, or you could quickly go over budget and break the bank. Here are a few things to know about the average cost of kitchen remodels.
Kitchen Remodels Are Popular
Today, many homeowners are choosing to remodel their kitchens. A fresh kitchen can increase your home’s value and update the appearance of your interior space. Plus, you can get all those features to create a more functional area in your home. For most people, price is always a concern.
Prices Can Change Depending on Region
Unfortunately, there is no one-size-fits-all cost for a kitchen remodeling budget. The cost of renovating these spaces varies from state to state. Homes in rural areas might see lower remodeling prices than those in metropolitan cities. Generally, in the United States, prices in the southern region tend to be cheaper than those in the northern half. For example, a kitchen overhaul in Florida can cost significantly less than updating that space in California. If you want to know the general prices, get a kitchen remodel quote from several companies in your area.
Price Difference Between Mid-Range and Upscale Projects
As you may have guessed, mid-range and upscale projects will not cost the same for a homeowner. According to Remodeling Magazine, the national average price for a mid-range kitchen remodel was $66,196 and $131,510 for an upscale one. Adding luxury marble or stone countertops, high-end flooring, upgraded faucets, and commercial-grade appliances will increase the cost of your kitchen renovation.
While those prices might seem high, HomeAdvisor did lower its price range for an average kitchen remodel. According to the site, the average project will cost anywhere from $12,567 to $32,962. Updating a smaller space in the kitchen can be done with as little as a couple of thousand dollars.
Spend Your Money Wisely
An old saying states that you want to spend as much as you hope to recover when selling the home. For those who plan to live in their homes for many years, you must choose your remodeling components wisely.
What do you use in the kitchen? Many homeowners will look at the countertops, cabinets, and faucets. You can completely redesign the look of your kitchen by updating those items. Other homeowners might want to spend more money on modern appliances to help prepare meals. You don’t have to update everything at once. Choose those essentials and work from there with your remodeling project.
What Will Cost the Most?
You always want to be conscious of the costs of your remodeling project. The cabinets will take up a considerable portion of the budget for most projects. You don’t need to choose the most expensive items. You can refresh some existing cabinets with new hardware or countertops. Talk to a few kitchen countertop fabricators. These companies have plenty of options that can completely change the look of your cabinets without the need to replace them. Adding a new material on the top can give a whole new appearance to your kitchen.
You might even want to keep those old cabinets and use the money to purchase high-priced materials for the countertops. Of course, your cabinets should be in great shape. If they are warped or damaged, you may need to replace them before adding new countertops.
If you want to save money, skip out on those unnecessary extras, such as ornate crown moldings and pilasters. Often, simple, clean woodwork would look great for a kitchen remodel. Once again, don’t forget about those countertops. There are many colors and styles that can add a touch of class to your kitchen.
Make a Budget
Certain components, appliances, and labor must be added to the budget. You can save a few dollars by sticking to mid-range appliances. While you might want to skimp on labor, finding a quality craftsperson can be challenging. A professional installer is worth their weight in gold. When there is a problem, they will be able to remedy the issue quickly.
Speaking of the unexpected, you should always set aside around 20% of your budget for issues. Contractors often find problems, such as water damage or poorly maintained electrical systems, while working on the project. All those issues can take a chunk out of your budget if you are unprepared.
Budgeting is essential for any kitchen remodeling job. With that in mind, always stick to the plan. When you add more features or extras, that can inflate the costs, leading to a busted budget. Ultimately, you want to enjoy the new kitchen, not complain about its high prices.
When Should You Splurge?
If you have extra funds after planning your kitchen remodeling budget, look at places where you want to add some upgrades. You should always plan these extras ahead of time. You don’t want to make last-minute decisions you’ll regret in a few months. In many cases, choose higher quality items that will last for years. For example, granite countertops can be pricey, but these durable materials will improve the look and functionality of your kitchen.
Granite Countertops in Bucks County PA
Whether you want a quartz, granite, or marble countertop, you can find the right items for your kitchen remodel at Marble Concepts. We have a large selection of natural countertop materials. Our team will help you select the best pieces for your home. Schedule a consultation by calling 215-396-7393.