Any realtor will tell you that along with the bathroom, the kitchen is one of the most important rooms in your home when it comes to getting top dollar for selling your home. Even if you have no plans to sell, an updated, newly renovated and functional kitchen can make preparing and cooking meals so much easier, and it is understandably one of the first DIY projects that many homeowners turn to. If you are wondering what does it cost to renovate a kitchen, it can cost anything from a few hundred to over $100,000 depending on the size of your kitchen, the quality of the appliances, and what exactly your goal is. Most homeowners spend somewhere between about $12,000 and $30,000.
Choosing A Budget
Just like any other home improvement project, it is important to have a budget for your kitchen renovation. It is also important to have a clear idea of what you want and what your goal is, to minimize the chances of spending more than you want to. Your goal may be to have a larger and more spacious kitchen, to upgrade all your appliances, or create an eat in kitchen that becomes your home’s focal point. It can become all too easy to overspend or buy items you don’t really need, especially when looking at the latest shiny and sleek appliances at your local home improvement store.
Getting a Cost Breakdown
Knowing the cost breakdown can also help when planning a kitchen makeover. Replacing all the cabinets in your kitchen will be about 30 percent of the total cost; the next biggest expense is appliances using 15 percent of the budget, and counter tops typically using up about 10 percent. Don’t forget the cost of flooring, lighting and plumbing fixtures, which can add up, and if you install new doors and windows, they also need to be reckoned into the budget. Of course, if you are paying to have your kitchen renovated, labor doesn’t come cheap and will typically take up about 20 percent of any budget.
Knowing Where You Can Save Money
There are some areas where you can save on the cost of your kitchen makeover. Unless you really need them, don’t buy costly and state of the art appliances; try to save money by buying the next cheapest model, or even buying secondhand. Buying ready to assemble cabinets, or even refinishing your existing ones can potentially save you thousands. If you are replacing your counter tops, laminate is more attractive than you might think, and at $8 to $20 per square foot, is a lot less costly than granite. Track lighting instead of the more usual recessed lighting can also save you money, and leaving your major appliances in their current position can also save on plumbing and rewiring costs. Of course, carrying out the renovation in stages can also help to spread out the cost.
However, if you are on a tight budget, it is still possible to give your kitchen a new look, without spending much more than a few hundred dollars. A simple coat of paint can make all the difference, especially if you have an outdated kitchen, or the paint is showing years of dirt, grease marks and splashes. Keep in mind that light colors will make a smaller kitchen seem larger. It also costs little to replace the handles on your cabinets, put up new curtains, and perhaps a new backsplash.
Renovating a kitchen can be exciting and fulfilling, especially if you are carrying out the work yourself. Knowing your budget, what your overall goal is and having an idea of what does it cost to renovate a kitchen can all help to make the project a success without breaking the bank.
Need some ideas?
Take a look at these interesting kitchen designs: