Things to Consider When Budgeting for Your Remodel

So, you’ve made the decision that it’s time for a change in your kitchen..but just what might that cost you? On average, a kitchen remodelling costs somewhere in between $20,000 and $50,000..that being said the actual cost could be much more or much less depending on the individual.

There are many people who prefer to tackle their kitchen remodel “DIY” style, and save on labour costs while others want the best on today’s market.

According to the National Kitchen & Bath Association, the average new kitchen breaks down the following way;

Design Fees – 4%
Installation – 17%
Appliances and Ventilation – 14%
Cabinetry and Hardware – 29%
Countertops- 10%
Lighting – 5%
Flooring – 7%
Doors and Windows – 4%
Walls and Ceilings – 5%
Faucets and Plumbing – 4%
Other – 1%

Again…this is just an average breakdown.What your renovation will actually cost you is really dependent on your selections as well as any baseline renovation that needs to be done.

Some things to consider include the size of the room, as the bigger the room the more materials will need to be used, as well as whether or not the flooring will need to be re-done. There is also materials chosen, and labour costs as well as taking into consideration whether any walls will need to be removed or not. New appliances? That’s a budget breaker. As well as considerations for plumbing, new hardware and anything else you may decide during the process (new wallpaper anyone?).

A good rule of thumb is to budget roughly 7-10 percent of the value of your home towards the remodelling. That being said there really is no “easy answer” as far as cost goes.

Just remember to do your research and make sure that the materials that you are choosing are most beneficial to YOUR lifestyle.