It’s not surprising that cost is one of the most significant factors when planning a kitchen renovation or expansion in Raleigh, North Carolina.
Developing a budget for such a large home improvement project requires you to balance what you need and want with what you can afford until you create an achievable and satisfactory vision. The more planning and preparation you invest during the early stages of your kitchen remodel, the better able you are to control costs, manage expectations and prevent scope creep later down the road.
The first step to developing a preliminary budget for your kitchen remodel in Raleigh is to identify your top project priorities. Do you want to open up your kitchen layout and create more space for the flow of light and foot traffic? Are you looking for more counterspace and high-tech gadgets to aid your food preparation experience? Do you have children who also use the space and if so, for what purposes? Does your kitchen double as classroom space or a home office? Do you want to more conveniently host parties and get-togethers with friends and family?
The answers to these and other detailed questions will help you home in on the appropriate size and scope of your kitchen remodel, which are some of the most important factors when it comes to cost. Other variables that contribute to your final project price include the type, quality and grade of materials, appliances and finishes you select, as well as how much you plan to change the layout of your kitchen and the location of your main components. If you select numerous high-end, imported and customized items, you add more value to your Raleigh kitchen but also pay a greater price. Sticking to basic, economy-grade materials and features is one way to contain costs. Additionally, the more need you have for rerouting your plumbing, electrical, gas lines and HVAC system, the more you pay for the work of specialists in those areas.
While you can’t devise a precise, detailed budget until late into developing design plans with your kitchen remodeling team, you can start off with preliminary numbers to help guide the process. Based on data from Remodeling’s 2020 Cost vs Value Report, here is a look at the average costs for kitchen remodeling in North Carolina and Eastern Tennessee based on different project scopes:
If the main goals of your project are renovating your kitchen and making cosmetic upgrades, you can accomplish a minor kitchen remodel with midrange-level finishes and fixtures for about $20,000 to $25,000. The estimated return on investment (ROI) for this level of remodel is relatively good compared to other home improvement projects. You can expect to recoup approximately 75% in resale value.
At this level of remodel, you take a functional but outdated kitchen with 30 linear feet of cabinetry and countertops and spruce it up with fresh countertops, durable flooring and a new mid-priced sink and faucet. While the cabinet boxes remain in place, you can install new fronts featuring shaker-style wood panels and drawer fronts, along with modern hardware, to make your kitchen look and feel refreshed. In terms of function, the cost of a minor kitchen remodel also includes replacing your cooktop/oven range and slide-in refrigerator with newer, energy-efficient models. Finally, you want to finish off the look with a fresh coat of paint for the walls and ceiling, as well as new trim.
If you’d like to tackle more extensive work to basically redo your entire kitchen, the price is closer to $65,000, with an estimated ROI of $38,000 or about 59%. A major kitchen remodel includes tearing out your existing cabinet boxes and countertops so you can update the layout and install new semi-custom wood cabinetry, including a standard 3’-by-5’ island for extra usable and storage space. To further improve the function of your kitchen, you can install a double-tub, stainless-steel sink with a standard single-lever faucet and a garbage disposal, as well as custom lighting to complement your chosen kitchen design style. At this level of remodel, several appliances get replaced or added in, from an energy efficient range and vented range hood to a built-in microwave and dishwasher. As with the minor remodel, you can redo your floor, countertops and wall treatment using midrange materials. Although the emphasis is on function rather than form, the result of a major midrange kitchen remodel is to create a space that matches your current lifestyle, tastes and daily routine.
If you desire more latitude to fill your kitchen with modern technology, high-end features and lavish materials, your kitchen remodel is likely to fall closer to the $125,000 to $135,000 range. The estimated ROI is also a bit lower for this type of customized remodel, or approximately 53%. For this price, you are truly free to reimagine your kitchen from top to bottom and create a space brimming with personalization and stunning aesthetics. To start, you can replace your existing cabinets with new, high-end custom cabinetry that includes built-in sliding shelves and other interior accessories. Finish them off with beautiful yet functional countertops made of imported stone or wood slabs. For your backsplash, you also can use imported ceramic or glass tiles. All your appliances get replaced with high-end models, including a commercial-grade cooktop and vent hood; built-in refrigerator and microwave; and new wall oven. Additionally, you can install a high-end undermount sink with designer faucets and a water filtration system, along with fresh general and take lighting, such as low-voltage undercabinet lights. Moving down to the floor, the choice is yours when it comes to selecting a material that suits your luxurious environment.
As you’re designing your kitchen remodel, it can also be helpful to estimate the cost based on the individual components of your project. For example, you may be content with your flooring or your current appliances, so you don’t want to pay for those to be replaced. Here is a general summary of how much you can expect to pay for various kitchen components during your remodel:
It’s helpful to do preliminary research and go into your home improvement project with a general idea of costs so you can set clear expectations for your kitchen remodel in Raleigh. You should also be upfront with your remodeling team about your intended budget. At Wood Construction & Remodeling, we want to help you maximize your investment and achieve your intended outcome without breaking the bank. Our team works with you every step of the way to providing insight, transparency and creative problem-solving to get your kitchen remodel done right.