Of all the residential renovation projects, remodeling the Kitchen can be the smartest money a homeowner spends. Delivering the most bang for the buck, the ROI (return on investment) for the kitchen can be as high as 80 – 85%. At Evergreen Home Rehab, we tell our clients the first step in remodeling the kitchen is to establish the budget. Every project is unique, and the costs can vary depending on the budget and the homeowner’s priorities. For instance, you could do a minor redo for approx. $6,000 whereas a large upscale kitchen could easily exceed $75,000. Generally, materials account for almost 80% of the overall budget, so the good news is the homeowner is driving the bus when it comes to expenses.
The Cost of Renovating your kitchen can vary greatly, but here is a basic breakdown of the typical remodeling expenses, plus some ideas on when to splurge and when to save. The largest expense in a kitchen renovation is almost always the cabinets, accounting for about 30% of the overall budget. Next on the list of expenses should be the appliances, which will come in around 15%. Once these two items are chosen, the rest of the selections such as countertops, flooring and plumbing fixtures will fall into place more easily . Since products represent such a large percentage of the overall budget, a Kitchen Renovation offers the best opportunity to exert cost control. When selecting cabinets, make sure to weigh the difference between a “stock cabinet” or “semi-custom” cabinet against a custom cabinetry option. If you choose the semi-custom, then the boxes (the part you do not see) will be constructed of plywood but you will have the option for a solid wood cabinet door. The semi-custom arrives much faster and will save thousands on the budget. Countertops are not a great area for savings and they are a make or break component in the design of a kitchen renovation. Make sure the budget will allow for either granite countertops or an equivalent such as quartz. The most popular quartz brands are Silestone, Cambria, Zodiaq and Caesarstone.
Evergreen Home Renovations 