So you’ve decided to move forward on your kitchen remodel! Fantastic! You’ve got that Pinterest board going, spending your weekends perusing appliances and countertops. But do you know how much it’s going to cost? Here is a guide to all the expenses involved in a kitchen renovation to help you understand how to budget for your dream kitchen.
Kitchen remodeling expenses can be put in 3 categories: Appliances, Cabinets/Countertops/Materials/Fixtures, and Contractors. Your actual costs will vary widely, but expect to spend about 50% of budget on cabinets & appliances, 25% on materials and fixtures, 25% on labor, and an extra 20% on unexpected costs.
Before you begin, figure out how much you are willing to spend, and also ask yourself how long you are planning on staying in your home. Both of these factors will influence your budget.
No matter how much planning you do, expect surprises. Electrical wiring, plumbing/leaks, and other issues can only be discovered once you begin looking underneath the surface. This is why you need to keep room in your budget for these costs.
A kitchen renovation can make a huge difference in your home and quality of life. Make it a positive experience by researching the costs and setting a budget, then sticking to your plan! With a little planning, you can get your dream kitchen in your price range.