The Costs of Kitchen Remodeling Projects Today
If you want to add value to your home, remodeling your kitchen is one way of doing it. However, one of the most common concerns about homeowners is the cost of a kitchen remodeling project. Now, how can I save money on my kitchen remodel? A Google search is often what most homeowners result to if they want to get answers to such queries fast. But things are not that simple because determining how much a kitchen remodeling project costs entails a lot of things worthy of consideration.
For sure, you will be picking up several pieces of information about the costs of a kitchen upgrade project. Besides the costs of a kitchen remodeling project through this budget guide, you will also learn more about budgeting, home value, and other relevant information.
So, now the question goes: how much does it cost to remodel a kitchen? If you will embark on a kitchen remodeling project, the kitchen remodel cost per square foot ranges from $100 to $250. So, if you have an average size of 150 square feet for your kitchen, estimated kitchen remodeling cost is around $15,000 to $37,500. Still, the cost varies depending on the materials you will use for your kitchen remodeling project as well as the size of your kitchen and the kinds of changes you want to do.
You then ask yourself ‘how can I save money on my kitchen remodel?’ now that you know its average costs. Since the costs of a kitchen upgrade are estimated to be between $15,000 and $37,500, you need to know how to save some money. If you want to save more on your kitchen remodeling project, you may avoid layout changes, keep the same electrical setup, and use ready-to-assemble cabinets, DIY paint, and refaced cabinets. Doing some or all of these things can help you save some money for a kitchen upgrade while still making sure to retain your kitchen quality.
You also need to address the question of how much does a kitchen remodel add value to home? Based on statistics, 80% of home buyers put high value to a kitchen remodeling project. Looking at this high demand, you can expect as high as 54% investment returns with a kitchen remodel. Therefore, selling your property to the highest bidder with your $100,000 worth of kitchen remodel can give you a return amount of $54,000.
Before you decide to start any kitchen remodeling project, you also need to determine the part of your upgrade plans that demands the most expense from you. With a kitchen remodel, the most expensive part is often the ones that involve your cabinets. For the average kitchen cabinet, you will be spending between $10,000 and $15,000. Cabinet costs also matter on the number of cabinets you need, where you plan to put them, and the type of materials that you need. If you don’t want to focus your kitchen remodeling expenses on your cabinets, you may use DIY paint or reface the present cabinets.