A Budget Guide for Kitchen Remodeling Projects
If you want to add value to your home, remodeling your kitchen is one way of doing it. Even so, many homeowners wonder how much money they should spend on a kitchen remodeling project. Thus, what is the kitchen remodel cost per square foot? A lot of homeowners want to get the answer to this question by doing a simple Google search. But things are not that simple because determining how much a kitchen remodeling project costs entails a lot of things worthy of consideration.
There are many sources that cover the top of how much kitchen upgrades cost. Aside from learning about the costs of kitchen remodeling projects today, you will also learn more about home value, budgeting, and other relevant details.
As a start to this guide, you need to get the answer to the question how much does it cost to remodel a kitchen? If you will embark on a kitchen remodeling project, the kitchen remodel cost per square foot ranges from $100 to $250. So, if you have an average size of 150 square feet for your kitchen, estimated kitchen remodeling cost is around $15,000 to $37,500. Generally, though, the costs of a kitchen remodeling project can vary from the type of changes you want to do, how large your kitchen area is, and what materials you will use.
After knowing the average costs of a kitchen remodeling project, you proceed to learn how can I save money on my kitchen remodel? Since the costs of a kitchen upgrade are estimated to be between $15,000 and $37,500, you need to know how to save some money. To save some money on you kitchen remodeling project, start by keeping the same electrical setup, avoiding layout changes, and using DIY paint, ready-to-assemble cabinets, and refaced cabinets. While doing these things will help you save some money on your kitchen upgrade, you can still maintain its quality.
Now, how much does a kitchen remodel add value to home? According to research, 80% of all home buyers put high value to a kitchen remodel. For this high demand, the regular kitchen remodel can collect about 54% return on your investment. So, if you spent $100,000 for a kitchen remodel, you can get a return of $54,000 once you sell your property to the highest home buyer.
When it comes to kitchen remodeling projects, you need to know the most expensive aspects of this project. With a kitchen remodel, the most expensive part is often the ones that involve your cabinets. The estimated costs for cabinetry are around $10,000 to $15,000. Costs of kitchen cabinets also depend on the number of cabinets, where they will be located, and the kind of materials you will use. You can save on this part of your kitchen remodeling project by refacing your current cabinets or using DIY paint.