How Much is a Kitchen Remodel Going to Cost Me in 2021-2022?
If you’re looking to remodel your kitchen, one of the first questions which comes up is “how much will this be costing me?” When in the market for a home remodel, getting a ballpark estimate for the cost can be challenging and sometimes unreliable. Well, today we are here to answer some of those burning questions. 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?
How Much is an Average Kitchen Remodel?
No two kitchen 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. 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 2021 Cost vs. Value Report. These are the reported national numbers which will give you a better understanding 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 minor kitchen remodel is $25,587. A homeowner’s typical range for kitchen renovations is around $13,366- $37,808. These projected ranges factor in aspects like labor, materials, lighting, and plumbing fixtures.
Expenses to Expect with my Kitchen Remodel.
The average $25,587 expense will primarily go to the cost of cabinets, appliances, and installation. The 2021 Cost vs. Value report by Remodeling Magazine shows a detailed breakdown due to the division of projects in regard to size and product quality. Their average “minor kitchen remodel” is $26,214 and the average “major kitchen remodel” (mid-range) is $75,571.
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 RefacingMajor Kitchen Remodel with New CabinetrySquare Footage200200Countertops & 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)FlooringResilient flooringResilient flooringSinkMid-priced sink and faucetStandard double-tub stainless sink with a single-lever faucetAppliancesOven, stovetop, fridge (energy-efficient)Oven, stovetop, fridge, vented hood range, built-in microwave, dishwasher, garbage disposal, custom lighting (energy-efficient)
Newly PaintedWalls, trim, ceilingWalls, trim, ceilingJob Cost$26,214$75,571Resale Value$18,927$43,364Cost Recouped72%57%
Similar to last year’s report, 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, if you’re considering a remodel, hopefully the given information has given you greater clarity of what a kitchen remodel budget and cost should entail.
Now that you know what to expect during a kitchen remodel, it’s time to find the experts to actually do it. That’s where Kitchen Solvers can help. Our design team can help you craft the perfect blueprint and put it all together for you. Contact us today to learn more!
And be sure to check out our helpful blogs, General timeline for your kitchen remodeling project for new cabinetry and How Much is a Kitchen Remodel Going to Cost Me? if you are considering a remodeling project for your kitchen
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