With the kitchen being the heart of the home and the hub of family activity and entertaining, it’s understandable why kitchen renovations are one of the most popular home improvements homeowners undertake. When planning your new kitchen, creating a realistic budget is key. The cost of renovating your kitchen can vary widely depending on the size, finishes, appliances and upgrades, but the national average runs between $12,000 and $21,000. How much will it cost to build your dream kitchen? Here are some key factors to consider in order to arrive at a solid budget for your custom kitchen.
Where Will Your Kitchen Budget Go?
If the sky is the limit for you regarding budget, you have a lot of wiggle-room, but if you have a set budget amount to work with, it’s important to prioritize and figure out what must-haves you’ll include to determine what items your budget will cover. Here’s an overview of what the most common kitchen design elements will cost you.
Cabinetry. Kitchen cabinets run approximately $500 to $1,500 per cabinet box, with installation being an added expense. On average, a kitchen will have about 30 boxes. Figure out the number of cabinets you will need to estimate the total cost, then add installation fees. Materials are a major cost factor. Most cabinets are constructed from laminate or wood. Laminate is less expensive, but wood, such as hickory, oak, maple, cherry and alder will give your kitchen a more high-end look and is more durable. The production method affects the price as well. Built on site cabinetry allows for a more custom design, while built-to-order is more cost-effective.
Flooring. Kitchen flooring runs between $2 to $40 per square foot. Depending on the surface that you choose, costs on average $2,299, which does not include installation. Lower end options such as vinyl, tile and linoleum costs between $1 to $8 per square foot, while more luxurious materials like natural stone and hardwood run between $4 and $40 per square foot. Mid-range options include beautiful, durable and environmentally friendly materials like bamboo, concrete, cork and laminate, which can cost less than half the price of hardwood.
Counters. The average countertop cost is $2,719, with surfaces running between $10 to $125 per square foot, installed. While granite is the most common countertop surface, others such as marble, tile, soapstone, concrete and quartz are beautiful and durable as well.
Appliances. A standard appliance package will cost between $2,000 and $4,000, a mid-range package about $7,500, and a luxury package can run $10,000 or more. In addition to your appliance package, upgrades such as a wine fridge, warming drawer, double oven, and other amenities can boost the price.
Upgrades. If you’re happy with your present kitchen and just want to upgrade, you can save substantially on your budget. If you opt to repair your current hardwood flooring, rather than install new flooring, it’ll cost about $740. Upgrading your sink will run approximately $395 for the sink and $235 for the faucet. If you like your cabinets but don’t like the finish, refinishing them will cost about $2,456 which is about half the cost of installing new cabinetry.
How can you determine what your dream kitchen will cost to build? Schedule a design consultation with Hannah Custom Homes & Remodeling today. We’ll help you find beautiful, practical solutions to create a budget-friendly kitchen you’ll love.