How Much Does It Cost to Renovate a Kitchen?
13 Aug 2020 Custom Building
Before renovating your kitchen, it is important to figure out how much money the overall remodel will cost so that you can set aside a healthy budget and contingency fund. A professional home renovator like the ones at Ridgepoint Homes will be able to help you create a realistic budget for your specific renovation requirements. So, how much does it cost to renovate a kitchen? The answer to this question will vary depending on a wide range of different factors, such as:
1. Home Value
When working on your kitchen reno budget, a good rule of thumb is to expect to spend around 10-15% of your home’s total market value on the renovation. Once you know how much money to put into the budget for the project, you will be able to break it down, allotting the money to different areas of the kitchen based on your preferences.
2. Size and Scale of Kitchen Renovation
The biggest factors in determining the overall cost of a kitchen renovation are the size of the kitchen and the size of the remodelling project. In most cases, smaller kitchens will be cheaper to renovate than larger kitchens. The overall style of the kitchen will also affect the budget, as high-end luxury kitchens with top-of-the-line equipment will cause the price of the project to go up.
3. Flooring
The flooring that you choose for your kitchen will affect the overall cost of the renovation; however, it will not have a significant impact on the price unless you decide to purchase extremely cheap flooring or incredibly expensive flooring. When selecting flooring for your kitchen remodel, make sure to keep in mind that certain flooring materials (natural stone, hardwood, etc.) will cost more than others (engineered hardwood, laminate, vinyl, etc.).
4. Cabinets
The three main categories of kitchen cabinets that you can choose from are stock, semi-custom, and custom. The type of kitchen cabinets that you choose to purchase, as well as the quality and construction grade of those cabinets, can significantly impact the overall cost of the project.
5. Countertops
The countertops that you choose for you kitchen can impact the overall renovation costs by a fair amount. This is because countertops can be made from a wide range of different materials in a variety of grades and thicknesses. It is important to note that not all countertop materials will work well for all price points.
6. Kitchen Appliances
Similar to the cabinets you choose for your kitchen, appliances can significantly impact the renovation budget, depending on the quality and quantity of appliances you are looking to purchase.
If you would like to learn more about how much it costs to renovate a kitchen, or if you are interested in their remodelling services, please contact Ridgepoint Homes at 604-768-7664 or by filling out a contact form on their website.
