The kitchen acts as the center and the hearth of the house. Not only it is a place to prepare meals, it also often becomes space where all family members gather together. Thus, it is no question that kitchen remodels are so popular. It is often said that kitchen remodel will have the largest payoff in terms of boosting a home’s resale value. In reality, of course, kitchen remodels are also the most complicated and can be the most expensive.
The typical project cost varies depending on the size of your kitchen, the quality of materials, and whether you change the layout of the room. Low range renovations, run from approximately $100 to $125 per square foot and will brighten up a kitchen without making any major changes in the physical space. This can include door replacements, installing new laminate or basic tile countertops, and other items. For kitchen remodeling under 10’x10′, the standard cost approximately is $8000. According to the National Kitchen & Bath Association, kitchen remodeling costs break down as follows:
- Design fees: 4%
- Installation: 17%
- Appliances and ventilation: 14%
- Cabinetry and hardware: 29%
- Countertops: 10%
- Lighting: 5%
- Flooring: 7%
- Doors and windows: 4%
- Walls and ceilings: 5%
- Faucets and plumbing: 4%
- Other: 1%
By making cuts in certain places, homeowners can save on their kitchen renovation costs. For example, cabinets take up almost 30 percent of the kitchen remodel budget, investing in stock kitchen cabinets rather than custom cabinets can save a considerable amount of the budget. Another strategy to cut the budget is by doing some of the installation and replacement yourself and break up the projects over time.
When embarking on a kitchen remodel first prepare a realistic budget and then search for someone who will work with you to achieve the dream kitchen.
Once you’ve found a kitchen remodeling contractor you trust, work with him or her to develop a plan, including work and payment schedules. Then you can take a closer look at the details that will affect your overall cost.it is advisable to find a kitchen remodeling contractor that is willing to work within a customer’s budget. Always keep in mind that many contractors expect the opposite: you’re supposed to adjust to their figures.
In addition to that, set some money aside for any surprises. You never know when a pipe could break, a contractor could discover mold or other problems could arise. Set aside a good chunk of money to cover any of those unexpected expenses. About 20 percent of your estimated project cost.
If you want to cut the budget, even more, see if you can help out on the kitchen remodeling. While there are some projects that only a contractor can accomplish, you might be able to do some of the smaller projects yourself. This could cut down on total cost. Talk with the contractor and see what you can do to speed up the remodel and save money.