Some might say that the kitchen is the heart of their home. It is where homeowners spend almost all of their time cooking for family members. It is also the place where people gather to socialize. Because of this, many homeowners want their kitchen to look its best.
If you are planning on remodeling your kitchen, there are a few things that you need to take into account, such as the size, finish level, and the upgrades or changes that you want to make.
All of these will depend on the cost you are willing to spend on your kitchen remodel. Let’s look at the estimated figures affecting the price of renovating your dream kitchen.
Kitchen Hierarchy
With regards to kitchen remodeling, there is a hierarchy of materials that Houston homeowners use to determine the estimated cost of their project.
Economy Kitchen Renovation
When it comes to kitchen renovations, many people think they have to spend a fortune to get the kitchen of their dreams. However, this doesn’t have to be the case! There are plenty of ways to give your kitchen a makeover on a budget by focusing on an economy kitchen renovation. This renovation can help you save money without sacrificing style or functionality. A few tips for an economy kitchen renovation include:
Paint
A fresh coat of paint can do wonders for a space. It can brighten up a room and make it feel new again. When choosing paint colors, opt for light and neutral colors which will help to make the space feel bigger and more open.
Cabinetry
If you’re unhappy with your current cabinetry, don’t fret! You don’t necessarily need to replace them. Instead, you can consider painting them or even replacing the hardware. This can give your cabinetry a whole new look without breaking the bank.
Appliances
If your appliances are looking outdated, consider giving them a facelift with appliance paint. This is a quick and easy way to update your appliances without having to replace them entirely.
Flooring
Flooring can be one of the most expensive parts of a kitchen renovation. If you’re on a budget, you can consider painting or staining your existing flooring instead of replacing it entirely.
Lighting
Lighting is an important part of any space, and the kitchen is no exception. If your lighting is looking dated, consider replacing it with something more modern. This can make a big difference in the overall look and feel of your kitchen.
This is an easy and inexpensive way to give your kitchen a new look. So, consider incorporating some of these economic upgrades if you want to save money on your kitchen remodel.
An estimated minimum amount of $10,000 to a maximum of $27,000 is the cost of an economy kitchen renovation.
Mid-Range Kitchen Remodel
This is for those who want to upgrade but not overspend on their kitchen remodel. You can still get a luxurious feel without going overboard on your budget.
Completely replacing some of the features of your kitchen can all make a significant impact in terms of both function and aesthetics. Here are some standard mid-range kitchen upgrades to consider:
New countertops
Replacing your countertops is one of the most effective ways to update the look of your kitchen. There are a variety of materials to choose from, including laminate, granite, quartz, and more.
Updated appliances
Whether you’re looking for a new range, dishwasher, or refrigerator, updated appliances can make a big difference in your kitchen’s overall appearance. Plus, newer models are often more energy-efficient than older ones.
Fresh cabinets
Cabinets can take up a large portion of your kitchen’s visual space, so updating them can have a major impact. If your cabinets are in good condition but just need a facelift, you may be able to refinish them yourself. Or, if you’re starting from scratch, you can select from a variety of styles and finishes to create the perfect look for your kitchen.
Generally, a mid-range kitchen will cost between $20,000 and $41,000. This remodel is perfect for those who want to make a few changes without completely gutting their kitchen.
High-End Kitchen Remodel
High-end kitchen remodels can take your kitchen from functional to luxurious. With upgrades like high-end materials, top-of-the-line appliances, and custom features and details, a luxury kitchen is within reach.
If you’re looking to create a space that’s both beautiful and functional, a high-end kitchen remodel is the way to go. While the cost of a luxury kitchen can vary depending on the scope of the project, you can expect to invest anywhere from $40,000 to $100,000 in your new space.
When it comes to creating a luxurious kitchen that meets all of your needs, there’s no better investment than a high-end kitchen remodel.
Kitchen Dimensions
When it comes to cost, one of the most important factors is the size of your kitchen. The larger the space, the more expensive the remodel will be. If you have a small kitchen, you can expect to pay less for your remodel than if you have a large kitchen. Here are ballpark figures that will help you determine the cost of your kitchen renovation based on the size.
Extra-Small Kitchens
If you’re planning on renovating your kitchen, you may wonder how much it will cost. Extra-small kitchens, also known as kitchenettes, typically cost between $5,000 and $15,000 to renovate or remodel. The size of your kitchen will play a role in the price, but there are other factors to consider.
For example, if you’re planning on making structural changes to the layout of your kitchen, that will cost more than simply updating the appliances or cabinets. Similarly, if you’re planning on adding new features, such as an island or breakfast nook, that will also increase the price.
Small Kitchens
The average size of a kitchen is around 150 square feet, making a small kitchen 50-100 square feet. The cost for remodeling a small kitchen typically falls in the $15,000-$20,000 range. The most pressing concern when dealing with a small kitchen is the lack of storage and counter space.
Medium Kitchens
A medium-sized kitchen typically falls between 100 and 200 square feet. A complete remodel of this size kitchen will generally cost between $20,000 and $40,000. The exact cost will depend on several factors, including the quality of materials used and the extent of the work involved.
Large Kitchens
A large kitchen is typically 200-500 square feet. A complete remodel of this size kitchen will cost between $40,000 and $100,000. As with a medium-sized kitchen, the cost will depend on the quality of materials used and the extent of the work involved.
ROI in Kitchen Remodeling
The cost of a kitchen can be a bit daunting, but it’s important to remember that this is an investment in your home. A well-designed and executed kitchen will make your life easier and more enjoyable and increase the value of your home.
When considering a kitchen remodel, the return on investment (ROI) must be kept in mind. A minor kitchen remodel, including new countertops, appliances, and hardware for your cabinets, will have an ROI of around 80-85%, while a major kitchen remodels will have an ROI of 65-75%.
Of course, the actual ROI will depend on several factors, including the remodel cost, your home’s current value, and the real estate market in your area.
Even if you’re not planning on selling your home anytime soon, a kitchen remodels still a great way to improve your quality of life and increase the value of your home.
Ways to Save Up on kitchen Remodeling
Now that we have covered the cost of kitchen remodeling let’s talk about ways to save up.
Be Smart When Purchasing Materials
Remodeling your kitchen can be a costly endeavor. If you’re looking to save money, you don’t have to always go with the most expensive or the latest materials. This doesn’t mean opting for the cheapest option available, but instead being smart about your choices and selecting materials that will still look good but won’t break the bank.
For instance, instead of granite countertops that costs $50 per square foot, opt for laminate countertops that cost $20 per square foot. The difference in quality may be slightly noticeable, but it will be much less expensive.
Similarly, you could choose to install less expensive cabinets or flooring. Just be sure to avoid materials that quickly show wear and tear or are challenging to clean.
Do It Yourself
Another way to save money on your kitchen remodel is to do some work yourself. If you’re handy and have some basic carpentry skills, you can save a lot of money by installing your cabinets or countertops.
Of course, there are some things that you should leave to the professionals, such as plumbing and electrical work. But if you’re confident in your abilities, doing some of the work yourself can be a great way to save money on your kitchen remodel.
Use Reclaimed Materials
Reclaimed materials are a great way to add character to your kitchen while saving money. Reclaimed wood can be used for everything from cabinet doors to countertops to flooring.
There are also several ways to find reclaimed materials, such as visiting salvage yards or demolition sites. You can even check craigslist or freecycle for people looking to get rid of old materials.
Reclaimed materials will save you 50-75% on your kitchen remodel.
Shop Around for Better Prices
When remodeling your kitchen, it’s essential to shop for the best materials and labor prices. Be sure to get multiple estimates for any work that needs to be done and compare the cost of materials at different stores.
It would help if you also asked for discounts when shopping for materials. Many stores offer value if you pay in cash; some will offer a discount if you buy in bulk.
Final Thoughts
The cost of kitchen remodeling can vary greatly, depending on the size of your kitchen, the quality of materials you choose, and the labor cost. However, there are several ways to save money on your kitchen remodel. Another thing to remember is that a remodeled or renovated kitchen will add to your property’s ROI or return on investment, so even if you plan to sell your home in the future, a kitchen remodel is still a wise decision.
