How Much Does A Kitchen Remodel Cost? (2023 Guide)
When it comes to home renovations, few projects come with more potential gain than investing in a kitchen remodel. Not only can a remodel refresh and modernize a dated or inefficient kitchen space, it can also dramatically increase the value of your home and be a great source of pride for any home-owner. Kitchen remodeling is a major investment in both time and money. It can be expensive and time-consuming, but the results of a well-executed kitchen renovation can be truly remarkable.
Kitchen remodeling cost depends on the size and scope of your project, but there is an even bigger cost to consider: the Return on Investment (ROI). Before you take the plunge to roll up your sleeves and begin a remodel, it’s important to be able to accurately estimate the costs of a kitchen remodel in order to make sure you can afford to move forward
Average Kitchen Remodel Cost
The estimated average cost of a kitchen renovation has risen steadily over the past several years, driven in part by the increasing popularity of high-end appliances, cabinetry, and countertop materials. If you’re thinking about remodeling your kitchen in 2023, it’s important to consider how the cost of materials may differ from what you would expect to pay this year. Due to the continued rise in home and household inflation, you should be aware that the cost of materials may be higher than what you’ve anticipated. Trade professionals may also expect higher fees commensurate with consumer demand and the rising cost of living.
Kitchen Renovation Components
When estimating the cost of a kitchen remodel, start by making a list of what your dream kitchen looks like. Break down each component of the kitchen into its smallest parts, such as cabinets, countertops, appliances, and plumbing fixtures. Then allocate a budget to each item discreetly taking into account quality, brand, material, and any additional fees associated with installation and reconfiguration of your kitchen space, such as architects and electricians.
Also you need to consider the most common factor determining the scope of the project. How much work do you intend to perform? Are you removing existing cabinets, replacing counters, and installing new appliances, or are you content with simply a fresh coat of paint, some new drawer handles and minor reparations to existing fixtures? Different renovations require different approaches and supplies, which can drastically change the cost of a project.
In addition to the scope of the project, the number of components and necessary services can increase the cost. Generally, even for minor kitchen renovations, a professional remodeling contractor should be hired, which will account for most of the labour costs of the project. Furthermore, if you’ve chosen a major rework of the kitchen space, then the size of the project itself will greatly affect the total cost, as larger projects require more man-hours.
If there are any structural changes you’re looking for in your kitchen remodel, the cost of those changes should be factored in as well. The cost of demolition can be incredibly expensive, whereas something like moving a wall around can be considerably cheaper. However, the costs of the extra construction materials should also be considered with any major changes, such as drywall, beams, flooring, or lighting fixtures.
Cabinetry is one of the most important components of any kitchen remodel and usually make up the bulk of the cost. Custom-made cabinets and high-end materials, like stainless steel, are becoming increasingly popular and come with a higher price tag. However, budget-friendly stock cabinets are still a viable option for people who want style on a budget. If you are considering stock cabinets, remember that you can further reduce cost by forgoing extras such as pullout shelves, built-in storage features, and specialty hardware.
Countertops and appliances are easily the most expensive aspects of a kitchen remodel. Granite is the go-to for many homeowners, but it is not the only material available on the market. Quartz, soapstone, marble, and solid surface countertop materials all vary in cost and look. Consider how much use each material will get and the expected lifespan when weighing budget choices. Appliances can also jump up the cost of the remodel. High-end ranges, dishwashers, and refrigerators are not cheap, consider buying off-brand or used items.
Kitchen flooring is an important component in remodeling a kitchen because it is the foundation of the room. It sets the tone for the room and helps to reflect the style of the kitchen. The flooring should also be functional and able to withstand the wear and tear of everyday use. Kitchen flooring needs to be durable, non-slip, easy to clean, and able to handle drops and spills from cooking and cleaning. Additionally, the flooring should also have aesthetic appeal that matches your kitchen style. Lastly, selecting the right flooring can greatly impact the cost of the kitchen remodel. Low-cost options such as laminate can be better for someone on a tight budget, while more expensive options like hardwood will be more expensive in the short term but will last longer.
Kitchen Remodeling on Budget Tips
If you’re tackling a kitchen remodel this year, here are some tips to help you keep costs down, while still achieving the kitchen of your dreams:
- Set aside a realistic budget and stick to it. Staying within a set budget will keep you from overspending.
- Think ahead and plan for potential problems or extra costs that may arise from your project.
- Do your research to find good deals on supplies, and talk to your contractor about potential discounts, sales, or deals they may have access to.
- Reuse as much of your existing kitchen as you can, including countertops, cabinets, appliances, etc.
- Buy materials in bulk to receive discounts.
- Do some of the work yourself, like painting and installing appliances.
- Lay out the design plan and make any changes before starting the project.
Kitchen remodels are a substantial investment that can increase the value of your home significantly. However, it is important to plan ahead and consider the current cost of materials and the ROI when estimating the true cost of your kitchen remodel in 2023.
The good news is that Together Design Build offers free quotes on all kitchen remodeling projects. After discussing the details of your ideas and budget, we’ll provide you with an estimate of the total cost for your project. We’ll also provide you with plenty of advice and guidance to ensure you make the most effective use of your available budget.
At Together Design Build, we’re dedicated to providing the best value for your kitchen remodeling project. We know that a kitchen remodel can seem intimidating, especially in terms of cost, but with our help, your dream kitchen can become a reality. Contact us today or check us on Houzz and take the first step towards creating your dream kitchen.