Complete kitchen renovation can cost in the range of $20,000 to $25,000 for a standard single family kitchen in Canada and America.
Remodelling and renovating a kitchen can be an expensive affair. Most often, than not, homeowners get started on a kitchen renovation project and lose track of their budget. Besides buying quality materials and labour costs, contractors can come up with fixes and recommendations that will increase their profits and burn a hole in your pocket. If you are planning to renovate your kitchen and need some ideas to stay within budget, be sure to bookmark this article. We have got some interesting tips, trade secrets and costs to help you stay on budget and not have to break the bank.
What should you be spending on?
With a kitchen renovation, it’s always best to start with a plan of action. Think of all the things that are good to have and are a must-have. We also recommend you find multiple contractors to give you quotes on the same kitchen design. According to recent data, it was indicated that the average cost of kitchen renovation in Canada or America would be in the range of $25,000. Depending on the scope of projects and the purchase of high-end appliances, the cost could go as high as $30,000 or $40,000.
When seeking quotes from multiple contractors, ask for a breakdown of costs. Space, flooring, storage cabinets, appliances, cabinets, and the type of countertop are some of the factors that need to be considered. For instance, if you were to replace all the existing cabinets with brand new ones and get a laminate countertop set up, it may cost you anywhere between $7000-$10,000.
For budget-conscious homeowners, instead of cabinet replacements, cabinet refinishing could be an option. Ask for quotes from contractors based on the number of cabinets you have. You could also make it a DIY project and refinish them up at your own convenience. Cabinet refinishing, if contracted to an external party, could cost you approximately $3500-$4500. Premade cabinets can be purchased from Ikea as well and that can help save money with your kitchen renovation projects.
Appliances:
One of the biggest cost in the kitchen renovation is the cost of appliances. Be ready to spend upwards of $3500 for good quality appliances. Kitchen appliances include cooking range, microwave with hood, fridge and dishwasher.
Countertop and backsplash
Basic laminate countertop can cost $1500, depending upon the size of a standard kitchen, whereas a quartz countertop with a good sink could be in the range of $2500-$3000. An island in the kitchen will make the cost go higher.
Cabinets:
Refinishing is less expensive than replacing the entire cabinetry. New Cabinets could cost anywhere in the range of $6000 – $7000 for standard ones, although custom cabinetry can get quite expensive.
Flooring
Hardwood flooring can cost between $6 to $8 per square feet including material and installation. Tile flooring is more cumbersome to install and the recent trend has been more towards hardwood in the kitchen.
What’s more?
Most real estate ads start by describing the beautifully renovated kitchen and the keyword to establish the quality is usually the type of countertop used. Quartz countertops will give you more return on investment than laminate. Add backsplash tiles to the mix and it will elevate the look of your kitchen (as well as your budget).
No matter how much we budget, we are never ready for surprises. As a homeowner, it is highly recommended to keep aside 15% of the total budget for unexpected costs that could include plumbing fixes.
Research for ideas, choose the right colours that compliment your interiors and consider having additional storage spaces. Kitchen renovation can bring a dramatic change to your home interiors. There is no doubt that kitchen remodelling is an investment worthwhile, how much should it really be worth is a choice you, as a homeowner should make.