The average cost of renovating a kitchen in the U.S. amounts to $20,474, while the National Kitchen and Bath Association (NKBA) said that cabinets are among the top expenses for kitchen renovations.
You may spend between $4,500 for small renovations to as high as $49,000 for large-scale upgrades. Homeowners allot 29% of their budget for cabinets, so you should consider buying from a ready-to-assemble (RTA) kitchen cabinet store like knottyaldercabinets.com to save on costs.
Aside from cabinets, installation expenses and appliances will account for 17% and 14% of your spending, respectively. The cost of cabinets depends on their type as well. For instance, you may spend as low as $80 for a stock cabinet. If you want custom-made ones, be prepared to spend between $500 and $1,500 for each one.
Concrete countertops will cost you at least $2,600, while laminated ones amount up to $2,000. Stone countertops are the most expensive with prices ranging from $4,000 to $7,000. Vinyl flooring is the cheapest at a price of $1,000. Take note that prices will still vary if you take into account the size and scope of your preferred renovation.
Big or Small
A small kitchen renovation may cost up to $15,000 and normally includes work on lighting, plumbing and windows. For the same amount, you can already do a mid-range remodel of the kitchen. However, be ready to do some of the work that does not require professionals. You will also have limited options for countertops with this budget.
If you have $30,000, you can already spend on custom cabinets, granite counters and even EnergyStar appliances. Whether big or small, a kitchen renovation may help in uplifting the value of your home, amid expectations of continually increasing prices in 2018.
Home renovations may require a rather large amount of money, but it increases the chances of your property attaining a higher value in the future.