Quick Overview – How Much Does it Cost to Remodel a Kitchen?
According to Remodeling Magazine’s 2019 Cost study, homeowners spend an average of $131,510 on a major high-end upscale kitchen remodel. A midrange kitchen remodel costs an average of $66,196. Homeowners pay an average of $22,507 for an average kitchen remodel (budget kitchen remodel).
Tips for Kitchen Renovations
Are you looking for an accurate kitchen calculator online? You’ve come to the right place.
Kitchen renovations are exciting, but can also be stressful, especially when it comes to determining a budget and sticking to it. Many people are clueless when it comes to the average cost for a kitchen renovation. Here at Remodeling Services, we provide accurate remodeling calculators to help homeowners get an estimate regarding the cost of remodeling their home.
Use our online kitchen renovation calculator to get a general idea of what your kitchen project will cost!
Note: Keep in mind, we built our calculator according to what a local contractor would charge for your renovations, NOT what it would cost if you were to hire someone through a big corporations, such as Lowe’s or Home Depot. Local contractors are less expensive when compared to “big box retailers”. Plus, we believe in supporting local business owners, including contractors.
Remodeling Services also provides homeowners with local contractors in their area – you no longer need to spend countless hours searching online for the best contracting service deals! Let us help you, by matching you up with the local contractors in your area who offer the services you’re looking to have done.
New Kitchen Cost ROI (Return On Investment)
No matter what home renovation you’re getting done, it is important to know what the return on investment will be for said project.
By educating yourself on the value of your home, the homes in your neighborhood, and what renovations provide the greatest return, you can determine an appropriate budget for your project – leading to an ROI for your renovation. You should do your best to stick to your renovation budget, especially if you’re considering selling your home within the next 5 years.
Renovated kitchens bring the highest ROIs in the remodeling industry – at roughly 70%. Potential buyers look for homes with an updated kitchen, including its style and functionality. In 2019, buyers have a higher expectation for this space than ever before. That said, be sure to do your homework, and select materials and color schemes that are currently in style, but also have a timeless quality.
Believe it or not, expensive and very high-end kitchen renovations reportedly have the lowest ROIs. That’s why it is essential that you carefully consider how much money your kitchen renovation is worth investing in. The only time it pays off to spend $50-60k on remodeling your kitchen, is if your home is valued at several millions of dollars. Otherwise, make a proper and appropriate budget, and stick to it.
On the other hand, inexpensive and minor kitchen renovations actually produce the highest ROIs. The reason is because making small improvements take your home’s aesthetic to another level, boosting your home’s desirability and creating a stellar first impression on potential buyers.
Inexpensive Kitchen Remodeling Ideas:
- Replace flooring
- Fresh coat of paint or wallpaper
- Improved lighting and fixture updates
- New sink and faucet
- Add a backsplash in the kitchen
- New appliances
Expert Tip: In order to get the greatest ROI on your kitchen renovation, set the renovation budget between 6-12% of your homes total value.
Expert Tip: Another way to maximize your ROI, is to educate yourself on popular trends and styles that buyers in your area are looking for. Prospective buyers may prefer a certain specific kitchen style, countertop material, or particular brand of appliances in the area you live.
Although you may be tempted to add your own personal style into your kitchen remodel, hold back if your style isn’t in-sync with current kitchen trends. It’s okay to add some of your own aesthetic, of course! But if you love neon colors or red cabinets, try to resist if you want to get the most ROI for your project.