So, you’ve determined its finally time to renovate your kitchen! You’ve collected pictures and ideas, browsed appliances and paint colors and have a little bit of direction, but you’re not sure exactly what to do next and are wondering “how much does a new kitchen cost?”.
How Much Does a New Kitchen Cost?
Knowing where to start with a kitchen renovation is not easy, especially if you’ve never tackled a major renovation project before. Remodeling a kitchen is a significant investment for most people, and the modern-day kitchen is the most technical and complex room in the house to renovate! Shopping for a new kitchen is nothing like shopping for house wares or an appliance where you can look it up on Amazon.com. Establishing a realistic renovation budget is something that is best done with the help of a professional who is familiar with product and production costs in real time.
Remodeling, and kitchens, are virtually unlimited when it comes to ideas and the companies that produce them, but unfortunately your pocket book is not. So, let’s start out with an idea of what to expect to invest, and hopefully that will help you to feel less vulnerable, so you can get the ball rolling!
A Kitchen Facelift: Remodeling Light
If you don’t have a lot to work with financially but want to make some small changes, a kitchen “face lift” basically alters the appearance of a kitchen and can often be done DIY for several thousand dollars. Adding a decorative tile backsplash, a new sink, new lighting and some new hardware is a great way to spruce up a dated kitchen.
Many homeowners opt for painting existing cabinetry if it’s in good shape and they aren’t planning to make any design changes. Painting cabinetry can vary greatly in cost depending on the quality of the paint application (hand or spray), and the skill of the painter. This is a great option if you are planning on selling your home and want to give it a fresh look. Long term, painting (depending on the quality of the application) may or may not stand up to the test of time when it comes to wear and tear.
Minor kitchen facelifts can do a lot to change the look of your space, but rarely improve functionality since it only really addresses the cosmetics of the room. Be prepared to spend somewhere between $5,000 and $20,000 quickly depending on the magnitude of changes and how much work you’re able to do on your own.
The Mid-Range Kitchen Renovation
Cabinetry original to an older home may just need to be replaced. Today’s modern kitchen cabinetry not only has sturdy construction, but also often includes standard minor luxuries such as undermount full extension drawer glides, pull out wooden shelves (making the pantry an efficiency dream come true), and other organization tools most of us determine later we cannot live without. Replacing cabinets in the current footprint can usually be done for $200-$400 per cabinet for stock grade cabinetry, and $400-$650 per cabinet for a semi-custom medium grade cabinet, plus the cost of installation. Add in new countertops, appliances, and the rest of the trimmings and you could spend $25-$55K easily.
Kitchen Renovation Cost Estimates vs. Return on Investment
Estimating how much a new kitchen costs can be tricky, because most complete kitchen renovations can range anywhere between $25K – and up to six figures, depending on what’s being done and the level of the homeowner’s taste. Remodeling Magazine’s 2018 Cost vs. Value report released in January states that the average Minor Kitchen renovation (face-lift) cost in the mid-west this year is $21,688. They show a Mid-Range Kitchen renovation cost of $64,990, and an Up-Scale Kitchen renovation of $126,865. That wide range could confuse any homeowner!
You may or may not see the value of investing that much money into your kitchen, that is perhaps until you get into it. What we find when working with homeowners is that they generally underestimate the cost to do what they think they want to do and learn as they go along that things cost more than they initially thought they would (isn’t that true for most things!). I notice every time I go grocery shopping the same thing!
Although most who choose to invest in a nice kitchen renovation are not doing so to sell their homes, it’s good to know that according to Remodeling Magazine; homeowners who invested in kitchen renovations reap on average 73.4% return on investment (ROI) on a facelift renovation, 53.8% on a Mid-Range kitchen renovation, and 51.1% on a more substantial kitchen renovation (if they should sell in today’s real estate market). And for homeowners who want to change their home substantially and plan to stay and enjoy it, many have reported that the money invested in transforming their home was the best investment they’ve ever made in their family’s daily quality of life.
What Makes a Kitchen Renovation Cost More?
Kitchen renovation costs can vary greatly based upon the extent of what is being done and the quality level of products being selected. To accommodate our modern living style, many homeowners are looking to make changes to their confined kitchens in order expand their size, as well as open up and integrate the kitchen more with the rest of the home.
Here are some of the most commonly requested design changes when consulting for a kitchen renovation that can significantly impact the cost of an otherwise “simple” kitchen renovation:
1. Increases to the square footage of the kitchen
2. Refinishing or adding hardwood floors (or tile), often extending to all or most of the 1st floor
3. Moving or removing completely existing walls
4. Removing existing soffits
5. Making an addition to the outside envelope of the home
6. Moving of major mechanicals (gas, HVAC, water and electric)
7. Adding new appliances (especially “commercial grade” manufacturers)
8. The kitchen renovation extends into and involves changes to other rooms (powder room, laundry/mud rooms, dining room, foyer/stairs, living room, etc.)
9. Additions or changes to windows, doors, and exteriors to accommodate a new design
The more of these changes you have in your project, the more the budget needs to accommodate them both in materials and labor. A good kitchen design company begins the design process with an itemized list of everything you wish to accomplish. They can then estimate with amazing accuracy the predicted cost of the project before you ever get knee deep committed to including things in your design.
Why “Common Sense” Remodeling?
Years ago, we determined that the remodeling industry wasn’t always user-friendly for the homeowner client. After hearing all the reasons homeowners were distrusting of remodeling contractors, we set out to create a transparent system of planning and processes that clients could appreciate. We worked to create an A-Z systematic way of predicting renovation costs followed by a predictable design and construction process that homeowners could understand before they committed themselves to weeks of design work and product samples, only to find that their project plans were too ambitious for their pocket books.
Our system “Common Sense Remodeling” was born out of our plan to make remodeling stress-free, enjoyable, and yes, fun. A detailed financial analysis is followed by a preliminary design plan early in the process to help homeowners explore the myriad of options they may entertain before nailing down with guidance and professional expertise a firm renovation direction with confidence.
Advance Design’s 3D drawings produced during preliminary design are so realistic; they may be mistaken for a real photograph of your new kitchen. This is a design step you cannot miss, as it’s the single most impactful tool you can use to truly visualize your new space. Our tools and systems were created specifically to answer the question “What Does a New Kitchen Cost”. And once you get through the process far enough to discover what the answer is to that question for your kitchen, the rest is easy. The rest is fun. And the ride is worth it.
Remodeling is like most investments you make into something that you want to be of quality and timeless beauty. It should be sustainable long enough to deliver value to your present and future quality of life, and it should reasonably return that investment back to you when you determine it no longer suits your lifestyle. In the end when remodeling, you very much do get what you pay for.