Ask Your Contractor: Cost of a Kitchen Remodel
Ask Your Contractor: Cost of a Kitchen Remodel. Homeowners often wonder how to get an accurate estimate for their dream kitchen. By having realistic expectations and information can help determine their price range. Imagine receiving a bid that included laminate counter tops, when you wanted granite. That change alone will make a difference in your bottom line by thousands of dollars. Many homeowners receiving kitchen renovation bids, in actuality only account for 1/4 to 1/3 of the true renovation cost. Cabinets, countertops and appliances are often excluded due to the broad price range.
1. Have a ballpark in mind:
Here is a general idea in the Middle Atlantic (New York, Pennsylvania, New Jersey)*:
Mid-range: Standard Prefab cabinets and counters, economy appliances, no structural modifications
Upscale: Cabinet, appliance, and fixture upgrades, quartz or granite counter upgrade, minor structural modifications
Remember other things affect your bottom line: Am I moving a load bearing wall? Do I need to relocate plumbing lines or other major structural upgrades?
2. Decide where to spend your money:
Where does your money go in a kitchen remodel? Here is a typical breakdown.
- Cabinets 30%
- Appliances 14%
- Countertops 10%
- Lighting 5%
- Plumbing Fixtures 4%
- Paint 2%
- Tile 2%
Since you have set your overall budget, you can decide what area’s you want to conserve, and where you want to splurge a little.
3. Be detailed when meeting with contractors:
Tip: The more information you provide early, the more accurate your bid will be.
- Have you already picked out your appliances?
- Do you know what kind of countertop or plumbing fixtures you want?
- Where would you like help with selections?
All of that will increase the accuracy of your bid. And if you have any questions; ask. Answering questions and concerns up front helps you, and your contractor.
Cost of a Kitchen Remodel; *Source: Cost vs Value 2018
Kitchen remodelingSeptember 2, 2018, 7:25 pm REPLY
Great info. Keep it up.