Did you know that you can recoup more than 80% of your costs when remodeling your kitchen? The increase in the value of your home will offset the vast majority of your expenditure.
Of course, you need the money to pay for the upgrade in the first place.
If you’re thinking about remodeling your kitchen, you’re probably keen to have a rough idea of the kitchen upgrade cost.
Read on as we break down some of the money you’re going to need to spend.
If you’re getting your kitchen completely redesigned, then you’re going to need to pay someone to design it for you.
Even just refreshing the cabinets will probably require some form of design work. Expect to spend around five percent of your budget on these costs.
Every good kitchen needs plenty of storage. Cabinets are one of the most important features of your kitchen upgrade, so you don’t want to be skimping here.
You should set aside about 30 percent of your budget for good-quality cabinets.
Countertops can really add wow factor to your kitchen. If you want something that’s going to last well then expect to spend around 10 percent of your budget on countertops.
Don’t forget about your sink too. For a truly stunning look, why not invest in a fireclay sink?
Your kitchen flooring needs to be hard-wearing but you also don’t want something that’s too hard to maintain. After all, you’re probably going to end up with some spills in the kitchen.
There’s quite a big price range between different flooring options. Hardwood will set you back a lot more than vinyl, for example. As a rule of thumb expect to spend about five to seven percent of your budget on flooring.
If you’re not going to keep the appliances you already have, then you’ll also need to factor in the cost of buying new ones.
Once again, there is a big difference in price depending on what type of appliances you opt for. You also need to factor in the cost of installing ventilation for some of your appliances.
Expect to spend around 15 percent of your budget on appliances if you’re replacing them all.
Last but not least, there’s the cost of paying people to install your new kitchen, assuming you’re not planning to do it yourself.
This is a major cost and can eat up as much as 20 percent of your total budget.
Total Kitchen Upgrade Cost
Obviously, you may not be require everything listed above, so it’s impossible to give a totally accurate of how much a kitchen upgrade will cost you.
As a ballpark figure, however, expect to pay anything from $10,000 to $25,000 for an average size kitchen. If you have a larger or smaller kitchen, you can revise that estimate up or down.
Are You Looking to Upgrade Your Kitchen?
If you’re thinking about upgrading your kitchen, then hopefully this breakdown of kitchen upgrade cost might be of some use.
Remember that it’s important not to go beyond your means. Create a budget, and stick to it.
For more useful content like this, be sure to check out the rest of the site.