When considering a kitchen remodel some of the most common questions raised by homeowners are related to cost and if the remodel will add value to their home.
We have answered these questions below to help make the decision process a little easier.
1. How much does a kitchen remodel cost?
Kitchens are the most popular and expensive rooms in the house to remodel. According to Home Advisor, the average cost for a kitchen remodel in the United States is $25,510. However, a full-size kitchen remodel can reach $50,000 or more. The cost of a kitchen remodel is based on a number of factors – the size of the kitchen, the extent of the remodel, the number of materials, and the quality of those materials. In short, there are numerous factors that impact the cost of a kitchen remodel so the total amount for each remodel can vary significantly.
As you consider a kitchen remodel it is important to set a budget at the beginning of the process. If you plan well, it will help make the process more enjoyable and less stressful. It helps to remember that most remodeling projects are more likely to end up going over budget than under budget.
2. What is the most expensive part of a kitchen remodel?
In general, the most expensive aspect of a kitchen remodel is the cabinets. The cabinets can sometimes account for up to 50% of the kitchen remodel costs. There are several reasons that cabinets are so costly. The first is that the materials used to make the cabinets can be expensive. The second reason is that installing cabinets can be labor-intensive which adds to the cost of installation. Finally, additional costs are incurred for any custom design work you may need.
3. How much value does a kitchen remodel add?
According to Remodeling magazine, the average amount of home value recouped for a mid-range kitchen remodel is 78%. This return on investment is higher than most home improvement projects. If you would like to compare the ROI for various home improvement projects, a link is included at the end of this article that highlights the 2020 cost vs value report for home remodeling projects.
One factor that isn’t included in the ROI calculations is the intangible benefits of a kitchen remodel. The reason for the popularity of kitchen remodels isn’t just because of the ROI, it’s due to the aesthetic impact a kitchen can have on the entire home.
To explore more about these and other topics, check out Modern Blu’s resources or Remodeling Magazine’s Cost vs Value Report:
- Kitchen Remodeling Improves Your Health
- Choosing a Countertop Made Easy
- Remodeling Magazine’s 2020 Cost vs Value Report