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Determine a Budget
The most highly used room in the house, homeowners frequently consider the kitchen to be the most important room of the house. It's no wonder they invest time, energy and resources into functional and beautiful kitchens. Whether planning new construction or a kitchen remodel, your cabinet budget will be structured about the same. Current costs to remodel a kitchen range from $15,000 on up, with an average price of almost $30,000. Cost can vary based on region, design, materials, quality of appliances and cabinets. Taking time and carefully planning, can help you get the most value for your investment, simplify maintenance, maximize efficiency, functionality and beauty and reflect your own personality.
Plan Your Budget | Use Your Home's Market Value for a Good Budget Estimate The market value of your home will help to determine your remodeling budget. Average returns on kitchen remodeling costs are 85 - 99% and kitchen remodeling is a good investment if the cost is relative to the house's worth. A trendy, state-of-the-art kitchen could be a dramatic selling point in a growing community or a prime location, but probably not a good investment in a modest neighborhood. Generally speaking, a kitchen-remodeling budget should not exceed 15% of your home's value.
| Market Value Budget
$ 100,000 $ 15,000
$ 150,000 $ 22,500
$ 200,000 $ 30,000
$ 250,000 $ 37,500
$ 500,000 $ 75,000 $1,000,000 $150,000 Of this budget, at least one half of the cost should be designated for cabinetry and design. Another 15% can be expected for appliances, flooring and other goods like lighting, plumbing fixtures, etc. The remaining 35% includes the costs of labor, countertops, contracting services, permit fees, etc. |
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