Opting for a kitchen remodel provides you with several benefits that are instantly evident. Because this room is nearly always a hub of activity, remodeling it to better suit your needs can improve its functionality. In addition, remodeling the kitchen can update it significantly and increase your home's value.
Average Cost of Kitchen Remodeling
To put it simply, there is no "average" cost of a kitchen remodel. Because every remodel is unique, its cost depends on a number of factors. Before you can make a budget for this project, though, you'll first need to determine what you hope to accomplish by remodeling your kitchen.
Minor Kitchen Remodel
Not surprisingly, a minor kitchen remodel tends to have a lower average cost than one that is major. A minor kitchen remodel is one that keeps the same layout of the kitchen and doesn't change its size.
Instead, this type of project focuses more on high-value touches that costs less than a major kitchen remodel. This combination delivers a significant improvement in the kitchen's functionality.
Some changes that fall within a minor kitchen remodel include:
Replace old appliances with newer models that are more energy efficient
Fresh paint on the walls
Upgraded faucet and sink
Replace or refinish cabinet doors
Swap out current countertops for more modern materials
Replace flooring with materials that are resistant to water and scratches
The average cost of such a project can range from $8,000 to $25,000 -- depending on what the particulars of the remodel. For example, if you decide to only upgrade the flooring or the appliances, your costs will be lower than if you decided to change your kitchen as noted above.
Major Kitchen Remodel
A major kitchen remodel goes beyond simply replacing and upgrading materials and appliances. Instead, it can vary from gutting the entire room and completely rebuilding it to making it larger or altering the layout. While this type of project cost more, it can offer you huge benefits in the usability of the kitchen.
In addition, a major kitchen remodel also places a greater emphasis on aesthetics and style. This is in combination with the increased functionality that you'll experience.
Removing old cabinets and replacing them with new semi-custom options
Expand the kitchen to better suit your needs
Install all new top-of-the-line appliances that are highly efficient
Improve the room's layout
Assess the room to determine where new lighting, such as under-cabinet, task and in-cabinet, should be installed
Replace old flooring with the latest in slip-resistant, waterproof and scratch resistant materials such as ceramic plank
Depending on whether you opt for complete luxury with upscale materials and high-end appliances, your costs could be $125,000 or more. The average cost for a major kitchen remodel is about $64,000.
Relationship Between Cost and ROI
When considering which kitchen remodel is better for your goals, don't forget to consider the return on investment (ROI). In general, you'll have a greater ROI if you choose a minor kitchen remodel.
Even though it might seem like a paradox, the higher the price of your kitchen remodel, the lower your ROI. You can usually count on a kitchen remodel to increase the value of your home, there is a limit to how much a potential home buyer will want to pay when it comes to changes.
Cost of Kitchen Addition
You can also add to the overall footprint of your kitchen by building an addition. A good rule of thumb regarding the cost for this type of project is $48,000 to $95,000 for every 200 additional square feet you add.
There is such a huge range in the cost of an addition because of several factors. If the foundation needs to be changed to accommodate it, the addition will cost more.
Another cost factor is the materials that are being used. Naturally, choosing those that are upper scale will increase the addition's cost as well.
How to Control Costs When Remodeling Your Kitchen
You might not realize it, but there a several ways that you can control costs without compromising quality. The most important way to do so is to choose your contractor very carefully.
You'll be working closely with this company during the entire kitchen remodel so you want to choose a contractor that is skilled, experienced, and knowledgeable. In addition, be sure that the contractor you work with is focused on transparency.
Communication is the key. Be sure that your contractor knows what your budget is. The contract that you and the contractor sign should name that budget amount.
Wood Construction and Remodeling Serves the Tri-Cities, TN Area