Owning a home can be a lot of work. Sometimes it takes a lot of work and a lot of money. In the case of a kitchen remodel job, it takes both. If you’re curious about what it takes to get a kitchen remodel done, then here are a few frequently asked questions.
What’s New In Kitchen Remodeling?
The latest trend in kitchen remodeling is a minimalistic look. While a kitchen certainly needs to be practical, the most fashionable living spaces lean towards sleek, contoured lines in faucets and cabinets, as well as single color palettes and minimalist cabinets and stoves. Still, attractive faucets and cabinets in modern styles are within the reach of most people.
What to Ask Before a Kitchen Remodel?
The main question to ask yourself before remodeling your kitchen is exactly what you need in a kitchen. Fitting everything you need in the amount of space you have is important, meaning that cabinets should have enough space and shelves to fit everything you need to cook in there. If you need extra space such as a kitchen island or an expansion of a kitchen counter, that’s an important question to ask as well.
What Does the Average Kitchen Remodel Cost?
The average cost of a kitchen remodel is around $22,000 USD. This is just an average figure, however; some kitchen remodeling projects occur in such small spaces or need so little extra work that they can cost downwards of $10,000 USD. Some high-end kitchen renovations using top-shelf materials and customized cabinets and other elements of a kitchen can cost upwards of $30,000 USD, though only truly elaborate renovations cost more than 33,000 USD.
What is the Average Labor Cost to Remodel a Kitchen?
The average cost of a kitchen remodel factors into how much it will cost to get the labor done. On average, 17 percent of the cost of a kitchen renovation goes towards the labor costs, though this is just an average. Sometimes this number rises and falls depending on the experience of the workers remodeling the kitchen, the demand for such services in a region and the cost of the materials one wants. Since 17 percent (on average) is how much labor costs, the cost is generally between $1,700 USD and $5,100 USD.
What Does a Kitchen Remodel add to Home Value?
This can depend on precisely how much you spend. However, the average kitchen remodeling job runs around $15,000. According to several studies, a kitchen remodeling job returns around 92.2% on the investment. So you can do the math from there.
How much time does it take to remodel a kitchen?
As always, the details will cause the answer to change. However, you can expect it to take 4 to 6 weeks from the time they start working until they’re completely done. This doesn’t include the design process.
What permits are needed to remodel a kitchen?
The specifics will change depending on the exact city and state. However, you can generally expect plumbing, electrical, and natural gas permits.
What is the best way to finance a kitchen remodel?
The best way is cash, but that nearly goes without saying. Unfortunately, it’s hard to have $15,000 in cash just sitting around. So most people won’t manage that.
Given that, the best way is a financing plan. However, make sure you’re not agreeing to a plan that will leave you paying past the lifespan of the improvement. A kitchen remodel will only last 10 to 15 years. You don’t want to still be paying for it thirty years later!
Many homeowners will use the equity in their home and take out a second mortgage to pay for the renovations.