To best understand the cost of a kitchen renovation, Prime Cabinetry suggests dividing project goals into product and service categories. Read the six simple steps in this article to see how these divisions play a part in determining a kitchen remodel budget. Once the budget is known, use the average cost breakdown charts provided in step five to get an idea of how much a homeowner should spend in each area.
Tailoring a Kitchen Remodel Budget Starts Here
Prime Cabinetry and its customers have recognized that these general practices truly help homeowners evaluate project goals, deadlines, and costs. Thus, producing a customized budget that works for them.
Step 1. Make a Wish List.
Before talking numbers, every homeowner should begin a kitchen wish list. At this stage of the process, dream big and record all hopes for the project's outcome. Then, get inspired and pull useful components found in other great kitchen renovations. We recommend looking through our photo galleries, Houzz, Pinterest, and other online resources. Additionally, remodeling magazines and television shows as seen on HGTV are helpful as well. Standard upgrades commonly applied to a kitchen remodel consist of new cabinets, countertops, appliances, and new or refinished flooring. In the end, gathering the most beneficial ideas, being intentional with selections, and organizing it from most important to least important is how to conclude a wish list best.
Step 2. Weigh the Pros & Cons
Make a pros and cons list to determine which areas of a kitchen remodel should get the most love. This step is unique to everyone, similar to how the final budget is unique to everyone. Determine which updates will be worthwhile, provide the best ROI, and check off wish list priorities. Not sure where to start? Consider a project category that, hands down, needs updating; typically the kitchen cabinets. Order Cabinet Samples to weigh the pros and cons of each door style in person then, request a Free Design and Quote. A professional can contribute design and layout advice that will settle any remaining decisions.
Step 3. Compare and Contrast Products & Services
Shopping multiple sources for products and services can take time, but it is crucial when planning for a kitchen remodel. This step will require meaningful effort since project quotes set the expectation for the budget. We most often hear customers say they wish they had done more research before embarking on their remodel journey. So, Prime Cabinetry suggests becoming well rounded on the topic before jumping in. For example, compare and contrast the lead time and cost associated with RTA Kitchen Cabinets vs. Assembled Kitchen Cabinets. These indeed differ and are central to an overall budget and project timeline. That being said, Prime Cabinetry gathered some helpful information showing the average cost of various products and services available in the industry.
Keep in mind these averages cover a wide range of details. For instance, buying new cabinets means choosing between stock, semi-custom, and custom cabinetry. Countertops differ in materials like granite, quartz, and solid surface. New appliances vary by product, price, style, and finish. So it is fair to say that each product category has layers and lots of them. They all consist of their own cost, number of SKUs, lead time, and finish offering. Moreover, there can be a labor cost to tear out or remove what is existing and install what is new. Trying to group all of this into one price range is tough, but Prime Cabinetry is confident this graph gives a fair representation of an average cost based on thorough research and findings.
Step 4. Determine the Budget
Envision the project's big picture first. According to Home Advisor, a kitchen remodel costs $25,100 on average, with most homeowners spending between $13,257 - $37,445. As one can tell, that is a pretty wide range. So, why is that? Well, the answer is simple - because every remodel, wish list, and budget is different. Not only that, but material quality, kitchen size, and significant layout modifications contribute to the cost as well. The great news is, a kitchen remodel has the best ROI out of any major home improvement project. So, everyone can rest easy knowing their investment is money well spent.
The big question is, what should one spend on a kitchen remodel? Home Advisor says it is appropriate to spend 5% to 15% of the home's value on a kitchen remodel. For example, if a house is worth $300,000, the homeowner could spend $30,000 without negatively affecting the project's ROI.
Bear in mind, most of the budget will be due upfront when sourcing materials and services for a kitchen renovation. The great thing is, Prime Cabinetry loves its customers and believes everyone should have the opportunity to purchase cabinets when they need them. Consider using Prime Cabinetry's Financing Option to purchase cabinets now and pay for them later. Finance over 12 months at 0% APR or over 12 or 24 months at competitive interest rates. Other great options include home-equity loans, home-renovation loans, or personal loans.
Step 5. Divide the Budget
As we have already seen, several areas in the kitchen make up a remodel. These include, but are not limited to, cabinetry, flooring, painting, countertops, backsplash, appliances, lighting, plumbing, installation, and miscellaneous costs. Utilize these cost breakdown charts to establish a budget and determine how to best divide it up. Note that these charts are merely a general guide rather than a strict set of rules to follow. Tweak these examples for personal budgets as needed.
New cabinets are the most valuable element to a kitchen remodel. They generate the most return on investment, and Prime Cabinetry makes the buying process for cabinets easy. New appliances are a great place to cut costs if saving an old set is worth it. Notice the example customer with the $15,000 reno budget chose to pass on new appliances for that reason. The miscellaneous category creates a cushion for the budget. This is a where you can plan to set aside funds for unexpected problems. Home Advisor states a good rule of thumb is to account for 15%-20% of the budget going to the "just in case" fund.
How to Request Cabinet Pricing?
At Prime Cabinetry, we offer several effortless ways to request pricing on new cabinets. First, our Quick Quote tool presents a ball-park estimate for kitchen cabinets. Fill out the short form and receive a price in minutes! Second, our well-equipped customer service team can assist with a detailed quote, if you already know which items you need. Email the list to email@example.com and receive a quote within 24 hours. Finally, our Free Design Service includes a quote for the exact cabinets needed for a given project. Get connected with a professional Prime Cabinetry designer to make the most of any budget. Getting quotes for cabinets and other wishlist items is the best way to create a personalized version of the charts above.
Step 6. Prioritize the Wish List.
In this sixth and final step, the planning phase comes full circle. Finalize all project goals and decide on the total project budget. Now, it is time to revisit and prioritize the wish list. Start by cutting down the list to what is most important based on the goals and budget set. Think of it this way, keep goals that boost interest for the foreseen project result while also being budget-friendly.
Equipped with this information, anyone can gain the confidence to finalize a plan and start renovating their kitchen. Remember to Contact Prime Cabinetry with any questions along the way, and happy remodeling!