Over the years, the kitchen has remained as one of the most popular rooms to renovate for homeowners. It is also the most expensive to remodel, given that you will be replacing cabinets, countertops, and appliances. Depending on the size of your kitchen and the type of materials you will need, you can spend up to $60,000 for a high-end renovation.
Kitchen remodeling has one of the largest payoffs in terms of boosting your property’s resale value. This is why many homeowners consider renovating their kitchen when they are planning to put their homes on the market. For some, however, one of the biggest decision drivers in remodeling the kitchen is the chance to personalize their homes and stay there for the long-term.
How Much Does a Kitchen Renovation Cost?
If you are wondering how much a kitchen renovation costs, the figure depends on the scale of the project and the range of options you have for remodeling. For instance, overhauling the entire room will cost you thousands of dollars more than just replacing your countertop or flooring. The size of your kitchen space also matters. According to HomeAdvisor, an average renovation cost is $25,087 or $150 per square foot.
Small-sized kitchen remodeling, or rooms that are 70 square feet or smaller, will likely cost you between $5,000 to $20,000. For floor areas between 100 to 150 square feet, you can spend around $15,000 to $40,000. Meanwhile, the average price range for a large kitchen (200 square feet and up) is $30,000 to $60,000. Aside from room size, it is also important to consider your home location and the condition of your kitchen prior to the remodeling.
For some homeowners, however, buying a newly-built home is better than agonizing over how much a kitchen renovation costs in Canada. In cities like Ajax, where the most sought-after residential properties are located, the average price of a house is somewhere around $830,000. If you are looking for properties in the area, give Paradise Developments a call. They are sure to get you the right house in the best location.
Kitchen Remodeling Breakdown of Expenses
As a good rule of thumb, the cost of a kitchen project should be anywhere between 5% to 15% of your home’s value. This is for a complete overhaul. The following rough estimates demonstrate how much is a kitchen renovation broken down in parts. As expected, cabinets, appliances and ventilation take the biggest chunk of the budget. Labor costs also take a significant portion.
Cabinets can take around 29% of your kitchen remodeling budget. Installation alone costs an average of $2,000 to $8,000. The price of the kitchen cabinets depends on whether you will choose a custom design or cabinets that are in stock or readily available at home improvement stores. Custom designs cost roughly around $500 to $1,500 per linear foot.
If your existing cabinets still work, you may opt to just reface them to save money. Refacing will give them a brand-new look without the need for total replacement. It will also cost you a fraction of the price of new. With refacing, you can apply new wood or veneer to the door and drawer fronts of the old cabinets or just paint them a new shade.
For labor, expect to pay around 15% to 25% of your budget. This is because you will need to hire a team of professionals, including the general contractor. A contractor usually comes with his own staff of licensed specialists. If you prefer, you can hire a contractor who will only supervise the main construction work, then employ additional manpower as needed.
If you choose to work with a designer, your labor cost will rise even more. They usually charge between $100 and $200 per hour. Hiring a designer is necessary, particularly if you think you cannot come up with a cohesive look for your kitchen. Other specialists you need to hire for your kitchen renovation are the plumber and the electrician.
Appliances and Ventilation
The next biggest chunk of your budget will go toward appliances. This includes the ventilation cost related to the installation of hoods or fans. Good quality refrigerators and stoves will cost you an arm and a leg, but they will be worth it if you want to improve your home’s value. Meanwhile, the average price for installing appliances is between $100 to $300 per piece.
To save money, keep an eye out for appliance sales and discounts. Big-box stores or superstore like Home Depot also offer package deals. You can get appliances in matching finishes, from your refrigerator to your dishwasher. It is always best to choose products with longer life expectancy, though they are a bit more pricey.
The type of materials you choose for your countertops will determine how much you are going to spend on this segment. High-end materials like marble and granite will fetch you around $2,000 to $7,000. A common choice for countertops, quartz can cost between $1,500 to $4,000. Meanwhile, laminates are at the lower end, starting around $800 to $1,600.
One way to save money is to retain your old countertop and have a granite overlay installed. While the material is expensive, it will cost less than installing new counters, even with the labor cost. Installing countertops is usually priced at $2,000 to $4,000, though this may change depending on the material and measurements.
How much is a kitchen renovation for flooring depends on factors such as materials and square footage. The most affordable ones are vinyl and linoleum, which cost between $800 to $2,500. Stone, marble, and wood are typically more expensive at $1,500 to $3,000. Keep in mind that cheaper floorings tend to be easier to maintain than the more costly ones.
Square footage in the kitchen is normally minimal since the spaces are taken up by huge cabinets and appliances. Still, flooring installation can net you $1,500 to $4,500. If you want to save on labor, consider taking up the old floor yourself. You can save as much as 10% of the project’s total cost.
There are still other parts to consider in determining how much a kitchen renovation cost, including lighting, fixture, and plumbing. The cost of paint and additional decors like curtains and barstools are also necessary for your estimation. Experts suggest that you set aside about 15% to 20% of your budget in case of unexpected problems during the remodeling. This way, you can reduce the chances of redoing your plans when something goes awry.