Believe it or not, over 10 million homes in the United States have their kitchens renovated each year. That’s a surprising amount, even for how great having a remodeled kitchen is. However, when it comes to remodeling, the cost of a project can make or break the success of a renovation.
Read on to learn what the cost to remodel a kitchen is and how to protect your bank account while doing it.
Why Remodel Your Kitchen
You might be wondering why someone would want to remodel their kitchen in the first place. The truth is that remodeling a kitchen comes with several benefits.
First of all, think of how much time you spend in your kitchen. You have to make at least three meals a day on average, which doesn’t account for those who dine at the kitchen counter. Many also entertain guests in their kitchen at parties.
Overall, the kitchen is a very active part of the home that everyone sees often. A remodel will make the kitchen a more pleasant space to be in and can even make cooking easier with more space.
Another great benefit of remodeling is that, if done right, it can increase the value of your home. This means you get more money when you eventually decide to sell.
The Average Cost to Remodel a Kitchen
According to Home Advisor, the average cost to remodel a kitchen ranges between $13,309 and $37,617. Home Depot agrees that this is the average cost for minor renovations, but larger renovations can be as much as $136,000.
Of course, how much your renovation costs will depend on the size of your kitchen, the materials you choose, and the extent to which you change it.
Consider All Components in Advance
Before you remodel, you want to make sure that you consider all components of the kitchen remodel in advance. Otherwise, you might end up surprised by an expense you weren’t expecting down the road. Be sure to consider all of these components:
You’ll also want to keep in mind the demolition and removal of any old materials.
Tips to Save Money
A kitchen renovation can be expensive, and for some, it’s critical to save money where you can. One way to do this is with a DIY remodel; however, you want to be careful with this strategy because it can be unsafe and easy to mess up. Consider something simple, like DIY painting.
You can also save money by choosing cheaper materials and selling old appliances.
In the meantime, a home improvement loan can help you fund your dream kitchen.
Plan and Stick to Your Budget
One of the best renovation tips is to plan a budget in advance and stick to it. This will prevent you from getting carried away, which is easy to do. This blog post will help you understand the renovation timeline and budget accordingly.
Remodel Your Kitchen the Smart Way
Now that you know what goes into the cost to remodel a kitchen, you can start planning your own. Be sure to account for all the considerations discussed in this article and the labor it will take to put it together.
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