• February

    27

    2018
  • 1612
  • 1
Ask Your Contractor: Cost of a Kitchen Remodel

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-rangeUpscale
Major Remodel $65,651$129,466
Minor Remodel $21,919——

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

 

 

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