When deciding to renovate a kitchen, one of the first things to consider is the renovation cost. For most homeowners, the kitchen renovation cost is what will determine how intensive the renovation will be. The cost for a modern kitchen renovation is dependent on several factors; therefore, it is difficult to give an exact quote. However, for a more reliable figure, you could reach out to a kitchen remodeling expert like All Bay Builders.
What Is The Estimated Cost?
According to industry experts, the cost of renovating a full kitchen in 2021 is between $9,000 to $37,000. The price you will be paying for your kitchen renovation is dependent on several factors. Some of these factors include the kitchen size, the type and quality of materials for your renovation, and the hourly rate of the contractor in charge of the project.
When creating a budget for your kitchen remodeling, you must keep in mind that most contractors will charge based on the size of the kitchen. Going by the average cost of kitchen renovation stated above, you are expected to pay between $75 to $250/cost-per-square-foot.
Meanwhile, here are some estimates for the cost of your kitchen remodeling in 2021:
- Low-cost kitchen remodel should cost around $10,000 to $13,000
- DIY kitchen remodeling with substantial upgrades should cost around $11,500 to $16,000
- A semi-DIY kitchen renovation budget should be around $15,500 to $20,000
- Hiring a low-cost local remodeling service should cost you between $18,000 to $23,000
Budgeting For Your Kitchen Remodel
Budgeting is an important part of a kitchen renovation project. It must be done well to avoid problems down the line. If you don’t know how to go about your kitchen renovation budgeting, you can hire a professional to do it for you.
However, if you still wish to do it yourself, here are some of the elements that make up a budget, based on the total cost of kitchen renovation in their corresponding percentages.
- Finished or new cabinets – 29%
- Installation cost – 17%
- AC system and other kitchen appliances– 14%
- Kitchen Island – 10%
- Floor – 7%
- Walls and ceiling works – 5%
- Lighting – 5%
- New windows and doors – 4%
- Pipeworks and faucet – 4%
- Cost for 3D model and designing – 4%
- Other items – 1%
It is important to note that the percentage allocated to each item can change based on your taste and the contractor’s preference. Therefore, whatever budget or plan you wish to work with, you’ll need a professional that can effectively work with that budget and still deliver a good result.
Things To Consider Before Diving Into A Kitchen Renovation
A kitchen renovation is a major project in the home and should be properly considered and planned for before diving into it. If proper planning is not done, you may end up wasting your time, effort, and resources.
To help you avoid this, here are some things to consider before embarking on a kitchen renovation:
i) Are you remodeling for listing or ownership?
Before remodeling your kitchen, you need to understand why you are making this upgrade. This will influence the budget for the renovation. If the renovation is for listing, you may have to spend more because you are sure you’ll be making some of the money back; however, if it’s for your personal use, the budget should be less.
ii) What is your allocated budget?
When planning a home renovation, setting your budget is very important. This helps put a limit on your expenses and also helps you save some money. When making your budget, ensure that you do not spend above your means. This will help you stay out of unwanted debt.
iii) What is the time duration for the kitchen renovation?
Time is an important factor to consider when planning a kitchen renovation. If the renovation is for listing, it is important that the project is completed on time. The faster the renovation, the quicker the home is rented and your funds recouped.
iv) Do you want to handle the project to save cost on labor?
Handling your kitchen renovation yourself will help you save on the renovation cost; however, it could become a disaster if you do not have prior knowledge and the needed skills. Before embarking on such a project, you must understand that if you end up creating a mess out of your kitchen renovation project, you will end up paying a professional to help fix things. So, if you can’t handle the renovation yourself, it is best to hire a professional for it.