How Much Does A Kitchen Remodel Cost?

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calculating budget

 

Calculating the cost of a kitchen remodel can be confusing. The price of materials and installation can increase or decrease depending on the scope of your project, your customizations, and even your geographic area.

It’s enough to give you a budgeting headache!

But don’t fret. There’s a smart way to figure out what your kitchen remodel will cost, despite the endless variables.

Start with your goal, not your dream

A common kitchen remodeling mistake is putting together a wish list of what you want before you’ve worked out your end goals. By budgeting individual materials and service, you’re more likely to get sticker shock as you add up the final cost.

Ask yourself – why do you want a new kitchen?

Are you moving into a new home that needs updating? Are you prepping your home for a sale? Or are you freshening up the look of your kitchen that you’ll enjoy for years to come?

Kicking off your plans by determining what you want out of a kitchen remodel is the smart way to drive your budget. You’ll know where you’ll want to be frugal, and where you’ll want to opt for the best quality, regardless of cost. You’ll know what timeframe you’re comfortable with, and which materials best serve your goals.

For example, if you’re remodeling to get the best price for a home sale, you’ll want to budget for a kitchen with a look that matches the rest of your neighborhood, and nothing more. However, if you plan to stay in your home, you’ll want to invest in creating an atmosphere in your kitchen that your family will enjoy.

Exactly how big of a kitchen remodel do you need?

Now that you have a clear goal, decide on how big your kitchen remodel will be. There are two levels of a kitchen remodeling – a minor remodel and a major remodel.

A minor remodel can involve:

  • painting with a new color
  • upgrading appliances
  • installing new countertops and cabinets

A major remodel can involve everything in a minor remodel, plus:

  • changing the kitchen layout
  • reworking the wiring or plumbing
  • installing new flooring
  • anything that requires substantial construction

Research the cost (and value!) of a kitchen remodel in your area

Now that you’ve matched the goal of your new kitchen with the scope of the remodeling project, it’s time to research the typical remodel costs in your area. Use Remodel Magazine’s Cost vs Value report to see how much your neighbors are spending on your type of kitchen remodel, and how much of a bump in their home value they’ve received.

For example, in Charlotte, North Carolina homeowners in Remodel’s survey recouped 68% of the cost of their major kitchen remodel because of the bump it gave their home value. If your specific city isn’t listed, choose a city or region that is closest to you. Also, Remodel Magazine allows you to look up historical data so you can see if the cost and value of a remodel is trending up or down in your area.

Insight into what others have paid for their remodeling projects is important, but should not be the primary driver of your own budget. Remember – your family’s goals will differ from your neighbors’, and so will how much you spend on a kitchen remodel.

Get help from an experienced Kitchen Designer

When you work with an experienced Kitchen Designer at Marsh Kitchens we’ll take you through a clarifying process that helps you plan for the right kitchen at a price that works for you.

Our Kitchen Designers know the current cost of major and minor remodels in your area. They know how to get the most impact for your dollar in ways that may surprise you. And they have relationships with vendors and manufacturers that can help you get a great price on everything from installation to appliances.

Contact us today to book a consultation with a professional Kitchen Designer in your area. We serve the following areas in North Carolina: