The kitchen is the first room that most homeowners look to when renovating their new home and one of the last projects they consider when getting ready to sell. Yet no matter the timing, the big question on homeowners’ minds is the same: how much is this going to cost me?
Kitchen remodels account for over 30% of renovation adventures homeowners embark on during their years in their abodes, with the standard cost of kitchen remodels ranging anywhere from $10,000 to $100,000 (or even higher).
That’s a big range, calculated by each project bearing its own set of unique influencing factors. Locality, different contractors, upgraded flooring, appliance features, countertop materials, cabinet selection, moving walls—all are components of the remodel that will send a project’s cost spinning like the big wheel on the Price is Right.
Kitchen Remodel Costs: 3 Scenarios
We understand that there isn’t a nifty kitchen remodel cost calculator into which you can enter the size, materials and a few pertinent details and get an accurate estimate. The process of establishing a project cost is even a worthy challenge for an experienced kitchen designer or estimator. However, some generalizations can be made about certain types of kitchen remodels.
1. The Cosmetic Makeover: $10,000 – $20,000
Swapping out dated hardware, adding a new sink and basic appliances, upgrading counters and backsplashes and installing new flooring are just some of the primary measures taken in a cosmetic makeover of a kitchen. Homeowners also often choose to refinish cabinets or change drawer and cabinet fronts for a fresh, new look.
The cosmetic makeover of a kitchen incorporates refinishing or minor replacements of kitchen elements for an updated appearance. It’s an ideal choice for house flippers, rental property owners or those working on a limited budget in a modest, lower-priced home.
2. The Practical Modification: $15,000 – $55,000
New stock cabinets, updated hardware, trendy sinks, installation of modern appliances and plumbing, adding a matching island and premium floor upgrades are some popular choices for the next level of kitchen upgrades.
The moderate modification guts the kitchen and gives it a custom look at a discounted cost by utilizing easily found stock cabinets and reasonably priced elements. It’s the most popular choice for those reselling in the next decade, or homeowners looking to enjoy another 15-20 years in their middle-priced residence.
3. The One-of-a-Kind Customization: $50,000 – $180,000+
Moving walls, relocated and additional appliances, trending finished cabinets, recessed lighting, premium flooring and innovative storage solutions are just some of the dazzling features you’ll see in a custom-built kitchen.
Custom kitchens are often the choice of homes in sought-after neighborhoods, making the kitchen the heart of the home. Kitchen designers seek to create a space with a classic and elegant style that will maximize ROI and be one of a kind.
Establishing the Right Kitchen Remodel Budget for Your Home
Cheaper isn’t better, but there is also a point where you can spend too much on remodeling a kitchen. Working with a kitchen designer that understands your home’s value, personal style, budget, and how your family and guests will use the space will eventually lead you to a number that is a smart choice.
If you intend to sell your home in the future, you can also consult with a real estate professional to look at the price homes have brought in in your neighborhood. Together, you can establish an acceptable range where you can get a good return on your investment.
But remember: the gains on your investment aren’t always expressed in dollars and cents. If your family intends to stay in your home for a significant number of years, there is a priceless return of savory scents, joyful laughs and time spent together in a remodeled kitchen. That is money well spent, and money that will go a long way in the decades to come.
Finding the Right Company for your Kitchen Remodel Project
Forward Design Build would be honored to be considered for your kitchen remodel project. We’ve helped many families in the Ann Arbor, Michigan area develop a reasonable budget and design a remodeled kitchen space they love.
Feel free to browse pictures of kitchen remodels on our website or on Houzz. When you’re ready to discuss your project, contact us and we’d be happy to learn more about your home and explain how we can transform your kitchen to your favorite room of the house.