According to the 2017 REMODELING Cost vs. Value Report, when a homeowner calls in a remodeling company like Callen Construction to do a kitchen remodel, the amount they can expect to invest in this popular home remodeling project varies widely. It may range from a low of $21,303 up to $125,000 or more for a high-end job, with the national average being $62,158. If your kitchen is due for a remodel, it’s important to know the cost breakdown to be able to more accurately plan and prepare your budget.
Finished Products and Appliances
The majority of money in a kitchen remodel (65-70%) will be spent on finished kitchen products such as cabinets, countertops, flooring, and large appliances. The easiest way to keep your budget down is to look for less expensive manufactured appliances and products. Kitchen cabinets make up a large chunk of the cost of your finished products. If you’re trying to lower costs, you might want to look into re-facing or refinishing your cabinets, or purchasing stock cabinets, as opposed to ordering custom-built.
The labor costs for a kitchen remodel will comprise about 30-35% of your budget. These costs stay fairly steady unless you want a lot of custom detailing or plan on doing extensive remodeling. This includes moving your sink or large appliances, which will require additional labor costs if you have to relocate wiring, water lines, or gas lines.
When to Save and When to Splurge
If you are planning on selling within a few years, it doesn’t make sense to splurge on
top-of-the-line appliances and materials that most likely won’t give you a return on your investment. A better choice is to buy mid-range products that are serviceable and reasonably priced. If, however, you plan to stay in your home for years to come, now is the time to invest in high-quality appliances and finished products that will last longer, rather than go the more economical route and potentially having to do another remodel down the road.
Here at Callen, we have certified designers who would love to help you with your remodel, whether it’s a one-time improvement or a multi-stage project. Call us today at 414-765-2585 for a free consultation to find out how we can help.
Learn more about where your money goes in a bathroom remodel.