Kitchen Remodel: How Much Does It Cost? (And Ways to Save!)
As of 2018, the kitchen was the most popular room in the home to remodel. It makes sense — we tend to gather in the kitchen, and some even call it the heart of the home.
Perhaps you’re one of the many people considering a kitchen remodel to spruce up your abode. But you have a few questions before you start.
Firstly, you want to know how much the project will cost you. And then you want to find out if there are any ways to cut costs on such a renovation. We’re here to answer those questions and more.
Read on to find the cost of a kitchen update, as well as how you can make the entire project more cost-effective.
Cost of a Kitchen Update: What Can I Expect?
There’s no single price for a kitchen remodel, but you probably assumed that already. After all, every kitchen is different. Some homeowners have small spaces or a room that needs a slight refresh; others have sprawling kitchens or ones that need a complete overhaul.
As you can imagine, small spaces or those that need a light touch will be much cheaper to spruce up than bigger or outdated kitchens. The majority of kitchen remodels cost between $25,000 and $40,000, but you can make changes for less — or more — than that.
You could pay half of the aforementioned amount if your kitchen renovation doesn’t require plumbing, electrical, or demolition. It could even be $10,000 or less if you have a small kitchen.
On that note, it may be easier to figure out your expected costs by the size of your kitchen. A kitchen remodel tends to cost between $75 and $250 per square foot of space that your room covers. Obviously, a $250-per-square-foot renovation would be a top-of-the-line kitchen remodel.
If you’re comparing kitchen remodel prices, you may be wondering what you can get with the money you have in the bank for your project. Here’s a general idea of what you can do to your kitchen at the following price points:
$10,000 or Less
You can renovate a small kitchen for $10,000 or less, so long as you make a few cost-cutting concessions. Namely, you’ll have to be willing to do most of the work yourself.
This is a great way to cut costs in general, but you shouldn’t sign yourself up for such a project if you don’t have the skills to see it through. It could end up costing more to fix your mistakes, so be sure you only bite off what you can chew.
A $10,000-or-less budget would make it hard to make big changes, such as swapping out your appliances. You still may be able to get new ones, but they wouldn’t be top-of-the-line options unless you find them at a steal.
$15,000 or Less
If you have $10,000 to $15,000, you’ll still have to stick to a pretty strict budget. However, you should be able to tackle some bigger projects, such as swapping your countertops. You should be able to get new appliances at this price point, too, although you’ll probably end up with mid-range models.
More Than $30,000
This is quite a leap from $15,000, but most major kitchen renovations will cost $30,000 at least. You can do most things with this much money in your pocket. For example, you can rip out and replace your cabinets, reconfigure your kitchen layout, opt for high-end finishes, and more.
As the budget goes up, there’s, even more, you can do. However, if you don’t have this much to spend, don’t worry — there are ways to make your kitchen remodel cost-effective so you can get what you want at a steal. Here’s how to do it.
How Can I Cut the Cost of My Kitchen Remodel?
There are definitely ways to cut costs on your kitchen update. Here are three options to save cash and still get everything you want:
1. Keep Your Cabinets
Any time you tear out a feature and replace it, it will cost you a lot of money. You’ll pay for the demolition, as well as the materials and labor required to install your new cabinets.
To save cash, you can update your current cabinets instead. Start by painting them a new color and swapping out the hardware for something more modern. You could also pay to have your cabinets re-faced, which is slightly costlier but still cheaper than a full replacement.
Some homeowners fix their cabinets by removing them and replacing them with open shelving. The choice is yours, and you have multiple money-saving options.
As we mentioned before, you can cut costs on your kitchen remodel by doing work by yourself. Again, you should be honest with yourself and your abilities. If you can handle the work, though, you can save big by getting your hands dirty.
Even if you take on small tasks yourself, you can save cash. For example, you could do some of the demolition yourself, or you can paint the walls yourself. Saving on contractor costs will slash the bottom line.
3. Maintain the Layout
One of the most expensive things to do in your kitchen remodel is to reconfigure the layout. Often, this will require that you rewire the electrical or re-route the plumbing, projects that cost a lot of money.
So, you may have to resign yourself to keeping your kitchen’s current layout. If it’s functional as-is, keep it and focus on superficial updates that will make you love the space again.
Make an Updated Kitchen Yours
Your kitchen remodel doesn’t have to break the bank — unless you want it to, of course. Ultimately, it’s up to you, your DIY abilities, and the vision you have for the space. That will determine your bottom line.
You can also cut costs by working with us. Click here to learn more about our business and how our database of information can help you find the best price on your project.