Are you planning a kitchen remodel but have no idea how your budget will break down? You aren’t alone. However, building with a firm idea of the numbers involved will keep you on-budget and your renovation on track. Here’s what the average kitchen budget covers:
- Cabinetry & Hardware 29%
- Installation 17%
- Appliances & Ventilation 14%
- Countertops 10%
- Flooring 7%
- Walls & Ceilings 5%
- Lighting 5%
- Design Fees 4%
- Doors & Windows 4%
- Faucets & Plumbing 4%
- Other 1%
Where to Save:
You can easily strike from this list items that you aren’t planning to tackle. For instance, if you have great hardwood floors or plenty of windows, you won’t need to invest here.
Cabinetry and hardware are another often-missed opportunity. There may be a budget way to refresh them, possibly with new doors and a coat of paint.
Do you have any handyman or DIY skills? You may be able to trim down installation costs. Keep in mind that some items will be subject to local codes.
For lighting, save by using existing fixtures. If you need a style update, swap out the covers. Need a brighter room? Try bright compact fluorescent bulbs.
Where to Splurge:
The right countertops can make your kitchen a more stylish and functional space. They also become a great selling point if you ever put the house on the market. Nothing beats the look and durability of natural stone counters. These are available at a wide range of price points to work with what your budget allows.
Upgrading your appliances can save you down the line. Newer items are more energy efficient, less likely to break down, and may have features that the older models don’t. For example, consider upgrading a blender to a food processor and investing in a state-of-the-art, energy star rated refrigerator.