How Much is a Kitchen Remodel Going to Cost Me?
When you embark on a kitchen remodel, the cost can be challenging to understand. What does an average kitchen remodeling project cost? What is included in those costs and what value can you expect from investing in your kitchen remodel? No two kitchens are ever the same so remodeling expenses tend to fluctuate depending on the size of the space, quality of materials, intended function, and the coveted layout.
How Much is an Average Kitchen Remodel?
To help you understand what the average kitchen remodel costs, we’ve comprised some data from HomeAdvisor’s completed renovations and from Remodeling Magazine’s 2020 Cost vs. Value Report. These are national numbers, which will give you a better idea of what to expect for your project.
According to HomeAdvisor, taking all kitchen sizes and product quality into account, the national average cost for a kitchen remodel is $25,100. The average range is between $4,000 (low-end) to $60,000 (high-end) in expenditures. That range is too wide to give an accurate representation, so to condense those numbers further, a homeowner’s typical range for kitchen renovations is around $12,500-$34,000. These projected ranges factor in aspects like labor, materials, lighting and plumbing fixtures.1
What Expenses can I expect with my Kitchen Remodel?
It may be beneficial to look at a cost breakdown of a sample kitchen. For example, a $25,100 full kitchen remodeling budget, according to HomeAdvisor, will primarily go to the cost of cabinets, appliances, and installation. Here is the full breakdown:
We also took a look at the 2020 cost vs. value report by Remodeling Magazine. This shows a more detailed breakdown due to the division of projects in regards to size and product quality. Their average “minor kitchen remodel” (with midrange products) is $23,452 and the average “major kitchen remodel” is $68,490 (with midrange quality products).2
What is the Return on Investment for a Kitchen Remodel?
These costs, in relation to HomeAdvisor’s average kitchen remodel, encompass complementing investment ranges despite varying definitions of minor and major kitchen remodels. With the cost vs. value report, homeowners can understand what their average expected return on investment will be for a kitchen remodel. For homeowner’s who remodel with the intention of increasing market price, the expected values of those renovations in U.S. markets are listed below:
| Minor Kitchen Remodel with Cabinet Refacing | Major Kitchen Remodel with New Cabinetry | |
| Square Footage | 200 | 200 |
| Countertops & Cabinetry (Linear Footage) | 30 (refaced cabinets with shaker-style wood panels, drawer fronts, laminate countertops) | 30 new cabinets including 3×5 island (semi-wood cabinets, laminate countertops) |
| Flooring | Resilient flooring | Resilient flooring |
| Sink | Mid-priced sink and faucet | Standard double-tub stainless steel sink with a single-lever faucet |
| Appliances | Oven, stovetop, fridge (energy-efficient) | Oven, stovetop, fridge, vented hood range, built-in microwave, dishwasher, garbage disposal, custom lighting (energy-efficient) |
| Newly Painted | Walls, trim, ceiling | Walls, trim, ceiling |
| Job Cost | $23,452 | $68,490 |
| Resale Value | $18,206 | $40,127 |
| Cost Recouped | 77.6% | 58.6% |
As you can see, the minor kitchen remodel had a greater percentage of the cost recouped than the major kitchen remodel. Putting sizable amounts of money into a renovation does not always translate to a greater return for the homeowner. This technique is used to help ensure homeowners are getting the most out of their money.
Each kitchen and its renovations are unique. It is hard to pinpoint an exact cost for a new kitchen without an expert visiting your home; however, hopefully with the given information, homeowners considering undergoing a home remodel have a clearer idea of what a kitchen remodeling budget and cost should entail.
References:
1https://www.remodeling.hw.net/cost-vs-value/2020/
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