According to homeowners, the average kitchen remodels cost in 2021 ranges from $20,000 to $50,000. Small projects and minor renovations like replacing sinks, renovating broken cabinet doors, kitchen cabinets and countertops, and repainting jobs can cost up to $10,000.
How much does it cost to remodel a kitchen?
Before getting to the kitchen renovation cost, asking yourself what type of kitchen remodel you want would be a good idea. This will determine what you`ll be spending on and how much you’ll spend. For this purpose, you may need to consult with an experienced kitchen remodeling contractor.
Generally, if you`re remodeling your kitchen, there are a number of factors to put into consideration, especially if you`re thinking of kitchen remodeling on a budget. Chinese-made cabinets, for instance, are cheaper than American-made cabinets, which are usually of better quality and longer-lasting. Whether small or major renovations, here are some tips to help you save and get the best.
#1 Draw up a budget and stick to it
If you`re embarking on a kitchen remodeling project because you really have to, it might be a good idea for you to consider going for Chinese-made products, especially if you’re on a tight budget. But if you actually intend to give your kitchen a proper American face-lift, choosing American-made cabinets, countertops, and cookware will be a great choice.
Quality Chinese-made cabinets on the market today cost between $10,000 and $12,000 for a 10×10 kitchen, while American-made cabinets will cost you up to $45,000. Ask yourself, if you really need a new set of cabinets or just need to replace the broken ones. Picking out the essential items will help you focus on what really matters and save more.
#2 Do you need to increase the value of your house?
Before creating a budget for remodeling your kitchen, you`ll need to decide if the expenditure or investment is worth it. If you are not planning on living in your house for a long time, remodeling the kitchen adds more beauty to the kitchen and raises its market value.
If you intend to remodel your kitchen for the long-term, you might need to spread the project over a long period of time to enable you to manage the cost. But ensure that you do not lose consistency in the design.
#3 Consider DIY
Can you do it yourself? DIYs are the best way to save labor costs. According to popular kitchen remodel cost estimators, labor costs can vary between 20% and 35% of the total budget. For an average kitchen, working with local kitchen remodeling contractors might cost you between $3,000 to $5,000. This is an estimate for a week-long task that probably involves small to significant renovations or installation of Chinese-made cabinets, lightings, and other kitchen fixtures.
You should consider paying 2 to 3 times more when looking to install American-made cabinets, natural or engineered stone countertops, new flooring and lighting, kitchen island, new appliances, and other customizations. Typically, this can take up to 3 or 5 weeks to complete.
#4 How do you intend to finance your kitchen remodeling?
How you pay for the remodeling project is just as important as how much you will be paying for it. Most folks will prefer to withdraw from their personal savings to foot the bills, while others will readily take out a personal loan.
Whatever route you decide to take to finance your kitchen remodeling, it should be worth it. For instance, taking out a low-interest personal loan might just be a better option compared to withdrawing from a high-yielding savings account. Some lenders even offer you refinancing options. For a home that you intend to remodel to raise its resale value, taking out a loan is similar to making an investment that will yield returns sooner or later.
#5 Consider selling some of the items you are replacing
An excellent idea for saving money during kitchen and bath remodeling is selling off replaced items that still have market values. Generally, kitchen renovation costs can be reduced or halved if you take this route.
While this may not change the cost of new kitchen cabinets, it can help you keep your budget smaller. A good place for these items will be Facebook Marketplace or Craigslist. You can’t imagine how many people will line up to grab your old usable items like ovens, gas stoves, and refrigerators.
Working With Uniq House For Your Kitchen Remodeling
At Uniq House, we have over 15 years of experience in remodeling kitchens and consulting for clients who are looking for the best kitchen remodeling ideas or how to manage kitchen renovation costs. To find out “How much does it cost to remodel a kitchen”, your best bet is to speak with experienced kitchen remodeling contractors.
We look forward to serving you in the best way possible. To become one of our happy clients today, call us at 678-218-1993 or 470-828-2939 for a consultation.