How Much Does a Typical Kitchen Remodel Cost?
The national average cost of a kitchen remodel for American households currently goes at $22,134. However, this number does not tell the whole story since the figure can vary based on the size and scope of your project. A kitchen remodel could cost as low as $5,000 for a simple remodel and $50,000 for a high-end project. Luxurious kitchen remodels can cost more because of the high cost of materials, and labor.
Cost of a Kitchen Remodel by Size
- Small Kitchen Remodel (Less Than 70 Square Feet)
A small kitchen remodel can cost between $5000 and $20,000. Although you can make significant improvements with a budget of $5,000 to $10,000, you are likely to do most of the work by yourself. Some of the updates you can make to your kitchen include new lighting, repainting your walls and ceiling, adding storage, upgrading your hardware and kitchen appliances. You can get along with a few high-end accents with a budget of $15,000 to $20,000 since you will be in a position to upgrade most of your kitchen. While you can complete a few projects yourself, you can easily hire professionals for specialty work.
- Medium Size Kitchen Remodel (100 to 150 Square Feet)
A medium kitchen remodel can cost between $20,000 and $40,000. You are likely to make significant changes with this kind of budget as it allows you to upgrade almost every aspect of your kitchen. You can afford to hire contractors for most of the work rather than doing the project yourself. Besides the basic renovations, some of the remodeling projects you can work on with a budget of $20,000 or more include redoing the floor, upgrading to high-end kitchen appliances, installing energy-efficient light fixtures, and other smart kitchen upgrades.
- Large Kitchen Remodel (200 Square Feet and More)
A large kitchen remodel can cost between $30,000 and $60,000. However, upscale models can cost reach up to $100,000 or more and features a luxurious kitchen with features like a double oven, cooktop or seating island, coffee or drink station, commercial-style range hoods, recycling station, and built-in appliances. When you have more than $60,000 to spend on a kitchen remodel, you are sure to include most of your wish list items too.
Budgeting For Your Kitchen Renovation
It is important to have a budget as it determines what is possible with the style of your kitchen. These ranges from the type of materials you choose to the professional you want to hire. If you want to gut out your whole kitchen by relocating utilities and moving walls, then you are likely to spend more than simply upgrading cabinets and replacing appliances in the existing layout. Your budget will depend on your household’s needs so experts recommend setting aside at least 10 to 20% of your total budget for unexpected expenses.
How Professionals Estimate Kitchen Remodeling Costs
Remodeling pros usually give a rough estimate when they are on-site and familiar with what their client needs. Sometimes you may have a rough estimate locked down only for other factors to alter your prices such as the season, locale, and unforeseen expenses. Professional contractors categorize a kitchen remodel in three levels and usually estimate the price per square foot. Low-range remodeling projects cost about $100 to $125 per square foot and can liven up your kitchen without major changes in the physical space. Mid-range remodeling projects cost about $200 to $250 per square foot, which is a step up in terms of price and quality. Lastly, high-end remodeling projects cost about $300 or more per square foot and offer an endless array of choices to come up with an entirely reconfigured space.
It is important to understand the current value of your home as it dictates the amount of money you are likely to spend on a kitchen remodel. A kitchen remodel project should increase the resale value of your home rather than wear it down. A home with a higher resale value is more likely to have a higher project budget to increase your odds of recouping your investment at the time of sale.