How much will a kitchen renovation cost me in 2021-2022?


If you are looking to remodel your kitchen, one of the first questions that arises is “how much will it cost me?” When in the market for a home renovation, getting a cost estimate can be challenging and sometimes unreliable. Well, today we’re here to answer some of those burning questions. How much does an average kitchen remodel cost? What is included in these costs and what value can you expect from the investment in your kitchen renovation?

How much does an average kitchen remodel cost?

No two kitchens are alike, so renovation costs tend to fluctuate depending on the size of the space, the quality of the materials, the intended function and the coveted layout. To help you understand how much kitchen remodeling costs on average, we’ve compiled some data from the renovations completed by HomeAdvisor and Remodeling Magazine’s 2021 cost report. These are the national numbers reported that will give you a better understanding of what to expect for your project.

According to HomeAdvisor, taking into account all kitchen sizes and product quality, the national average cost for a small kitchen remodel is $ 25,587. A homeowner’s typical range for kitchen renovations is around $ 13,366- $ 37,808. These projected ranges take into account aspects such as labor, materials, lighting and plumbing.

Expenses to be expected with my kitchen remodel.

The average spend of $ 25,587 will primarily go to the cost of cabinets, appliances, and installation. The Cost vs. Remodeling Magazine’s 2021 Value shows a detailed breakdown due to the breakdown of projects in terms of size and product quality. Their average “minor kitchen remodel” is $ 26,214 and their average (mid-range) “main kitchen remodel” is $ 75,571.

What is the return on investment for a kitchen remodel?

These costs, in relation to HomeAdvisor’s average kitchen remodel, encompass the complementary investment ranges despite the different definitions of minor and major kitchen remodeling. With cost versus value, homeowners can figure out what their expected average return on investment will be for a kitchen remodel. For homeowners renovating with the intention of raising the market price, the expected values ​​of such renovations in US markets are listed below:

Renovation of the minor kitchen with refurbishment of the cabinet Renovation of the kitchen with new furniture
Square footage 200 200
Countertops and furniture (linear footage) 30 (rectified cabinets with shaker-style wood panels, drawer fronts, laminate top) 30 new cabinets including 3 × 5 island (semi-wood cabinets, laminate worktops)
Flooring Resilient floors Resilient floors
Sink Medium-priced sink and faucet Standard double bowl stainless steel sink with single lever tap
Domestic appliances Oven, hob, refrigerator (energy efficiency) Oven, hob, refrigerator, extractor hood, integrated microwave, dishwasher, garbage disposal, personalized lighting (energy saving)

 

Recently painted Walls, finishes, ceiling Walls, finishes, ceiling
Cost of labor $ 26,214 $ 75,571
Resale value $ 18,927 $ 43,364
Cost recovered 72% 57%

 

Similar to last year’s report, the minor kitchen remodel had a higher percentage of the cost recouped than the main kitchen remodel. Putting large sums of money into a renovation doesn’t always translate into a higher return for the homeowner. This technique is used to ensure that homeowners get the most out of their money.

Each kitchen and its renovations are unique. It’s hard to pinpoint an exact cost for a new kitchen without an expert visiting your home. However, if you are considering a remodel, hopefully the information provided has given you more clarity as to what your kitchen remodel budget and costs should entail.

Kitchen solvers

Now that you know what to expect during a kitchen remodel, it’s time to find the experts to really do it. Here’s where Kitchen Solvers can help. Our design team can help you create the perfect project and put it together for you. Contact us today to find out more!

And be sure to check out our helpful blogs, General timeline for your kitchen remodel project for new furniture and How much will a kitchen remodel cost me? if you are considering a renovation project for your kitchen

Articles on the site:

https://www.homeadvisor.com/cost/kitchens/remodel-a-kitchen/#breakdown

https://www.remodeling.hw.net/benchmarks/cost-vs-value/key-trends-in-the-2021-cost-vs-value-report_o?utm_source=newsletter&utm_content=Article&utm_medium=email&utm_campaign=REM_051821&

The post How much will a kitchen renovation cost me in 2021-2022? first appeared on Kitchen Solvers.



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