What Is the Average Cost of a Kitchen Renovation?
The cost of your kitchen renovation will be determined by a number of factors, including the size of the kitchen, the number of walls that must be removed and replaced, and whether you intend to do a minor or major remodel. A minor kitchen remodel costs about $85 per square foot, a mid-range remodel costs $125 per square foot, and an upscale remodel costs $200 per square foot.
A kitchen renovation can be a large project with varying costs depending on the size and scope of the project. You can expect to spend a few thousand dollars simply updating your appliances or countertops. However, if you plan on completely gutting your kitchen and installing new cabinets, floors, and fixtures, you could be looking at a bill of $20,000 or more.
When budgeting for your kitchen renovation, keep the following points in mind. First, put money aside for unexpected costs such as structural repairs or hidden damage. Second, consider your renovation’s return on investment. Is it worth spending $20,000 on a kitchen if you’ll only get $15,000 back when you sell your home? Finally, consider how long you intend to stay in your home; if you don’t intend to move soon, you can afford to spend a little more on higher-quality materials that will last longer.