There are various reasons people choose to renovate the kitchen. It can either be to increase the value and style of the house, add a change, improve its practicality and deterioration. Whatever the reason, the task of remodeling a kitchen requires proper budgeting and planning. But to make this task easier for you, here is an estimated budget breakdown for the renovation of a kitchen.
Cost Of Labour
It accounts for a significant portion of your budget if you are hiring a team of professionals to carry out the entire project. As the team will require designers, plumbers, electricians, and construction workers. Almost 25% of your entire budget will be spent on this component of the renovation budget. This also includes the cost for construction material, which depends on your remodeling needs.
Next up is the cabinets, which will take up almost 25% of your budget as well. According to experts, the average cost of installing cabinets ranges from $6000 to $11000. Their prices vary based on customization, type of wood, size, and quantity of cabinets, etc. You cannot choose to cut short the budget for this part as they are the most significant element of your kitchen. Since they will be responsible for storage, decluttering, and beautification of the kitchen.
Appliances will require around 10% of your remodeling budget as they are the essentials of a kitchen. These will include;
You can save up on these if you buy during a holiday sale or any other discount deals.
Their cost depends on the shape, size, and material used for making them. They will account for almost 10% of the total budget. However, if you decide to keep the old one and install a granite overlay, you will end up saving a lot of money. But make sure the final products align perfectly with the demands of your lifestyle and kitchen.
Proper airflow and exchange are essential for a comfortable and practical kitchen. No one likes to work in a kitchen that heats up as soon as you turn up the stove. You can avoid this by installing a hood, exhaust fan, and windows. This part of the renovation will take up almost 5% of the budget.
Hiring a plumber for installing faucets and dishwashers cost more than the hardware itself. Moreover, you cannot dial down the cost of this part otherwise improper plumbing can cause leakage which results in the growth of molds and bacterias. Almost 5% of the entire budget will be needed for this task.
Improper lighting can compromise the quality of cooking and work done in the kitchen. Therefore, invest in good quality and bright overhead lights as well as led lights for under the cabinets. Furthermore, the smart placement of power outlets throughout the kitchen must be a part of the electricity plan. You will only have to set aside 5% of the total budget.
The cost of flooring is usually estimated to be 5% of the whole budget but you can easily avoid this by using old tiles under the cabinets and appliances. On the other hand, you can buy cheaper tiles for the covered area and expensive high-quality tiles for the exposed area. The cost of flooring can change based on the dimensions of the kitchen and the type of tiles used.
The cost of painting is often estimated to be around 10% along with other final touches. Although you can easily save money on this part by painting yourself. Instead, you can use that amount for buying a high-quality, stain-resistant, and waterproof paint.
All these price estimates can vary depending on the size, design, and current condition of a property. For example, if a kitchen already has sufficient lighting and ventilation, then it can save you a lot of money. Avoid cutting down the budget at any cost, as this remodeling will pay you back in the form of increased resale value. Don’t forget to set aside some money for any surprise!