What can you expect to spend on a kitchen remodel?
It’s a good idea to have a general sense of costs before you start dreaming about granite counters and stainless appliances!
The figures below are from the 2016 edition of the cost versus value report from Remodel, a site devoted to all phases of the remodeling business.
A major kitchen remodel
Based on updating a 200-square-foot kitchen would include a layout of 30 linear feet of semi-custom wood cabinets, including a 3-by-5-foot island; laminate countertops; and a double stainless steel sink with a single-lever faucet. Include new energy-efficient wall oven, cooktop, ventilation system, built-in microwave, dishwasher, garbage disposal, and custom lighting. Add new resilient flooring. Finish with painted walls, trim, and ceiling.
Cost in South Atlantic states (including North Carolina): $56,901
Recouped when home sells: $36,438 (64%)
A minor kitchen remodel
Might involve a 200-square-foot kitchen with 30 linear feet of cabinetry and countertops. In this scenario, you would leave the cabinet boxes in place but replace the fronts with new raised-panel wood doors and drawers, including new hardware. Replace the wall oven and cooktop with new energy-efficient models. Replace the laminate countertops; install mid-priced sink and faucet. Repaint trim, add wall covering, and remove and replace resilient flooring.
Cost in South Atlantic states (including North Carolina):$18,907
Recouped when home sells: $16,425 (86.9%)
As you can see, you will get back more of your investment by doing a minor remodel, but that may not be your objective. The usual guide is that a kitchen remodel should cost about 5-10% of the home’s value. Depending on how you define a major or minor remodeling job, your cost could be below or above that.
It’s useful to understand how that money is spent. Below are the approximate figures for the main costs of the remodeling job:
Cabinetry and hardware – 29%
Installation – 17%
Appliances and ventilation – 14%
Counters – 10%
Flooring – 7%
As you can see, cabinetry is the major cost of a kitchen remodel, averaging nearly one-third of the total. It pays to hire a quality-minded shop like Edgewood Cabinetry, where we will work with you to provide the result you desire at a reasonable price, along with careful and efficient installation.