Before you start your kitchen remodeling project, it’s best to study and understand what you’re getting into. For a bit of inspiration, you should know that kitchen remodels rank very high on any list of projects that add value to any home. In a survey of 140,000 people by a Houzz & Home study, 28% renovated their kitchen in 2018, so you’re in good company.
Here are some of the percentages that you should consider when putting together your kitchen remodeling budget.
Labor: Up to 25-35%
Probably the biggest portion of your budget will go to the design and the contractor. You’re going to need a general contractor or a custom home builder to work on the project. You’ll also be hiring other professionals, like an electrician and a plumber. Think about getting a pro to work on your design, as well. If you have to skimp somewhere, don’t do it here. Spending good money on design and the actual work is always worth it.
Cabinets: Up to 25%
It may sound strange, but the best cabinets will set you back about a quarter of your total budget. You can save money by refacing old cabinets, but you should also consider how their design might limit your new kitchen’s design options. It’s also a bad idea to build your own cabinets. You don’t want to regret having cabinets that fall short of your new kitchen’s design requirements.
Countertops and Floors: Up to 15%
The bigger percentage (up to 10% of your budget) will go to your countertops. Choose the right materials, not the cheapest. You can also reuse old countertops by resurfacing them with granite or other material, but, as with old cabinets, that might limit your design and size possibilities.
Lighting, Fixtures, and Plumbing: Up to 10%
The materials for this part of the project shouldn’t be too expensive, but you’ll be hiring professionals to put them in. Recessed lighting is probably going to cost a bit more.
Ventilation and Appliances: Up to 15%
A refrigerator, a range hood, etc. will cost some money, but they will complete your newly designed kitchen, so don’t skimp on them. You can, however, find good deals with some big box stores, which may offer package deals for common kitchen appliances. You can’t neglect ventilation, as this is an area that can get hot or fill up with smoke quickly.
Finishing and Others: Up to 10-15%
You’ll need paint, curtains and other things to complete the look and function. This is also where you put your contingency budget.
Building a new kitchen isn’t cheap, but it’s worth the expense when you see results that make you feel proud and happy for undertaking the project. As a semi-custom home builder, Sadler Building Corporation is always ready to help. Call us today at (757) 977-1041. We serve Chesapeake, VA, and other parts of Virginia.