George Peters/Getty Images

The kitchen is the heart of your home, where everyone gathers to eat and talk about the day. Remodeling a kitchen has the potential to invigorate your home life.

Whether youre fitting a few cabinets or doing an overhaul of the room to improve its flow and functionality, it pays to spend some time learning about how much it costs to remodel a kitchen.

Heres what to know so you can devise a comprehensive plan that ensures you get the room youve always wanted at an affordable price.

The cost of remodeling a kitchen depends on the size of the space and the design decisions you make. For example, completely refitting the kitchen to the highest standards costs considerably more than replacing cabinet doors or adding a few new cupboards.

In general, homeowners spend from $12,594 to $33,118 on kitchen remodeling, at an average of $21,751, according to HomeAdvisor. It may be possible to complete a small job for as little as $4,000, while lavish projects can run more than $50,000.

Unlock the equity in your home to pay for your kitchen remodel. Compare home equity loan rates.

Factors affecting the cost include how long the project takes, your location, whether you have existing units, walls to tear out and whether you intend to complete any of the work yourself.

Doing your own demolition can save money, but you need to take care to avoid breaking pipes or cutting electrical wiring. In many cases, its smarter to leave the job to professionals. The costs for each of these professionals can vary greatly depending on where you live and the scope of your project.

Architect: An architect typically charges between $60 and $125 an hour for a project, according to HomeAdvisor.com, though this can vary.

Contractor: The cost of a contractor for a kitchen project greatly differs from that of a handyman. The contractor will have a crew and other expenses that need to be covered, so for a kitchen remodel, you may end up paying from $300 to $500 for a day rate just for the contractor plus another $150-$250 per laborer rather than an hourly rate.

Certified kitchen designer: A certified kitchen designer has proven knowledge of kitchen design and tricky issues, and can provide options you never thought of for your kitchen. The services of a certified kitchen designer can cost from $40 to $75 an hour.

While everybody wants the best quality possible, sometimes it simply isnt possible.

Furthermore, sometimes it doesnt pay to go for the highest-quality materials because the amount they add to your homes resale value is less than the amount you spend on the work.

Materials account for about 80 percent of your budget, so making concessions on which materials you choose is a good way to cut costs. For example, rather than choosing granite countertops, pick less expensive wooden ones. Or, choose chrome handles instead of crystal ones. Its also possible to cut costs by doing some of the labor yourself with tasks such as painting.

As you calculate your budget, bear in mind how you intend to allocate the funds, including a reserve in case of emergencies or late-stage changes to the plan. Heres a breakdown of kitchen remodeling costs by percentage of the total budget, according to the National Kitchen and Bathroom Association:

If you spend lots of time in the kitchen cooking, cleaning, dining, interacting with the family or hosting social gatherings, its worth the effort to remodel the kitchen to suit your requirements.

If youre considering selling your house, potential buyers see the benefits of a well-appointed kitchen space, and this has the potential to boost your homes resale value.

The biggest disadvantage of kitchen remodeling is the complexity of the project. A kitchen serves many purposes. Envisioning how it should all work together, and then organizing all of the relevant pipework, electrical wiring and cabinetry, is a challenge.

If youve always dreamed of a beautiful kitchen for serving meals and hosting dinner parties, a remodeling project might be just what you need to translate your vision into a reality.

Remodeling a kitchen is a complex process because of the presence of electrical wiring, plumbing and appliances, and its usually best to leave the work to professionals. Before you start, decide on your requirements and then lock down a budget to prevent costs from spiraling.

Ready to remodel your kitchen? Apply for a home improvement loan today.

Originally posted here:
How Much Does It Cost To Remodel A Kitchen?

Related Posts
March 28, 2019 at 1:44 am by Mr HomeBuilder
Category: Kitchen Remodeling