Renovating your kitchen can cost anywhere from $24,000 to $140,000, depending on a large variety of factors and how thorough you want your renovations to be.
There are many reasons to consider remodeling your kitchen
. It's the epicenter of many family actives, one of the rooms where you most likely spend a lot of time, and its renovation can increase the price of your home if you're planning on selling it
. However, this exciting project can average to anywhere from $24,000 to $140,000, and with a set budget, you may be wondering on which end of the spectrum yours would land on. The answer will depend on various things, such as where you live, the size of your kitchen, and the extent to which you want to renovate.
Factors that influence the cost of a kitchen renovation
1. Where you live
The area where you live is going to affect the cost of your renovation. For example, if you live in a rural area, you will most likely be paying less than someone who lives in a metropolitan center.
Not only that, but your state will also play a role in your renovation quote. According to Remodeling Magazine
, southern states tend to pay around $6,000 less on major kitchen renovations than the national average; northern states, on the other hand, spend about $3,000 more. 2. The size of your kitchen
It's simple math: the more space you have, the more materials and labor you will need. Most homeowners spend between $75 to $250 per square foot on kitchen renovations.
However, this doesn't mean that you'll necessarily spend a fortune if you have a big kitchen. You can always choose strategic areas or components to remodel instead of changing everything; small changes can make a big difference, which leads us to our next factor.
3. The extent of your renovations
The Home Depot provides a very helpful guide to remodeling
, noting that major kitchen renovations range between $100,000 and $200,000. However, these numbers include costly components such as custom cabinetry, stone countertops, fancy appliances, designer faucets, new lighting, new floors, and repainted walls. On the other hand, a minor remodel can stay in the $20,000 range by focusing on essentials such as cabinet refacing, updated appliances, new countertops, new kitchen sink, and faucet.
Labor costs are the second most expensive component of kitchen renovations right after the cabinetry. So, if you happen to know someone skilled enough to help you through some of the installations, this might have a substantial impact on your overall costs.
Experts advise setting aside 20% of your budget for unexpected expenses that can arise during a renovation, such as water or electrical damage.
The bottom line
The price for your kitchen renovation will depend on many things, but mostly on what specific aspects you wish to renovate. Cabinets tend to be the most expensive component when renovating kitchens, for example, so an excellent way to save money could be to go for a cabinet refacing instead of custom cabinets.
Also, keep in mind that while designer items (such as faucets) can look stunning, there are cheaper alternatives out there that can also look great in your kitchen.
At the end of the day, renovating a kitchen is an excellent way to inject some new life into the heart of the home, and it can also be a good idea from an investor's perspective when it comes to reselling. And by choosing the right elements and materials, almost everyone can afford to do one.
FAQs
How long does it take to renovate a kitchen?
Like the cost of renovating a kitchen, the time it takes to renovate a kitchen greatly depends on the scope of your renovations. If you're doing a complete overhaul of your kitchen, you may find that it takes anywhere from 3 to 5 months to renovate your kitchen.
However, a simple renovation of floors and cabinets could take as little as a few weeks.
How long does a small kitchen renovation take?
If your kitchen is already small, the time it takes to renovate it will be much shorter. However, you can still expect a long process over the course of a few months if you're doing a full renovation complete with plumbing and electric changes.
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