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The average cost of a midrange kitchen remodel clocks in around $23,400. And a larger one? That costs upward of $68,000, according to Remodeling Magazine.
Fortunately, if you're planning to flip the home, or just sell it at any point in time, your efforts will likely be rewarded. In general, kitchen remodeling offers a great return on investment (ROI), increasing your home's value by about $18,000 on a minor remodeling project and $40,000 with a major one.
Of course, these returns aren't set in stone, and they rely heavily on how much you put into the project, as well as what projects and materials you choose.
Want to make sure you choose the best materials and options for your budget? This guide can help.
Flooring takes up about 7% of the typical kitchen remodeling budget, clocking in around $1,610 per project, according to home improvement platform HomeAdvisor (NASDAQ: ANGI).
The most expensive flooring options are going to be things like stone, laminate, marble, and concrete. If you're looking to save on cash, eco-friendly bamboo is a cost-saving option, as is cork or vinyl, though these might not look as high quality to potential homebuyers.
|TYPE OF FLOORING||AVERAGE PROJECT COST||COST PER SQUARE FOOT|
|Tile||$500 - $2,000||$2 - $15|
|Cork||$500 - $1,500||$3 - $12|
|Laminate||$1,500 - $4,500||$0.70 - $2|
|Linoleum||$800 - $2,500||$0.50 - $5|
|Stone||$1,000 - $3,000||$6 - $20|
|Vinyl||$1,000 - $1,500||$0.50 - $5|
|Wood||$1,500 - $3,000||$0.50 - $6.50|
|Bamboo||$600 - $1,000||$1.49 - $7.68|
|Marble||$1,500 - $4,000||$10 - $20|
|Concrete||$1,500 - $4,000||$2 - $8|
|Slate||$1,500 - $3,000||$4 - $10|
|Terrazzo||$4,000 - $15,000||$25 - $90|
|Carpet||$759 - $2,534||$2 - $7|
The kitchen cabinets will likely be your most expensive part of the remodel. On average, cabinets account for about 29% of the typical remodeling budget, for a total of just under $6,700.
Generally, you'll pay about $100 to $300 per cabinet for a small to midrange kitchen remodel and up to $500 per cabinet on a larger-size remodel, including installation.
|TYPE OF CABINET||AVERAGE COST|
|Stock/pre-made cabinets||$75 - $150 (per linear foot)|
|Semi-custom cabinets||$100 - $1,000 (per linear foot)|
|Custom cabinets||$500 - $1,500 (per linear foot)|
|Refacing existing cabinets||$4,000 - $9,500 (per project)|
|Refinishing existing cabinets||$1,500 - $4,000 (per project)|
Backsplashes and countertops
Countertops usually come in around $2,300, accounting for about a tenth of the typical kitchen remodeling budget.
The highest-end countertops you can choose are metal, concrete, granite, marble, paper composite, and wood. If you're looking for something more budget-friendly, tile, laminate, and quartz are good options (quartz is pretty on-trend these days, too).
|COUNTER MATERIAL||AVERAGE COST PER PROJECT|
|Bamboo||$2,000 - $3,000|
|Concrete||$2,000 - $4,000|
|Laminate||$800 - $1,600|
|Paper composite||$2,500 - $6,000|
|Metal||$3,000 - $6,000|
|Recycled glass||$2,000 - $4,000|
|Stone||$2,000 - $5,000|
|Granite||$2,000 - $5,000|
|Soapstone||$2,000 - $5,000|
|Formica||$2,000 - $4,500|
|Marble||$2,000 - $7,000|
|Quartz||$1,500 - $4,000|
|Tile||$800 - $2,000|
|Wood||$1,000 - $5,000|
Appliances and ventilation hoods make up about 14% of the average remodeling budget, coming in at around $3,220 per project.
Your appliance costs can vary widely, though, depending on the size, make, and model you buy, as well as where you buy them from. Off-the-shelf, energy-efficient appliances can range anywhere from $300 to $3,000, while custom, built-in options can run upward of $10,000.
Lighting, plumbing, and electrical
Your fixtures -- including lighting, faucets, and plumbing -- will likely come in at around 9% of your budget, or around $2,000, on average.
Obviously, working with the existing plumbing and electrical systems you have will save you the most. Installing new pipes can run you upward of $1,000, and electrical work can be around $75 per hour. Recessed lighting is also on the more expensive side, running you about $1,000 for just a single room.
|Faucet installation||$150 - $350|
|Sink installation||$200 - $550|
|New pipe installation||$1,100|
|Electrical work||$50 - $100 per hour|
|Moving a gas line||$250 - $800|
|Light fixture installation||$177 - $328|
Other kitchen remodeling costs
In addition to all the costs above, you'll also have professional installation fees (around $3,900 or 17% of the budget, on average) and design expenses (about 4% of the average budget or $920). If you're doing any work to the doors or windows, that usually comes in around $920.
Your fees are also going to vary depending on your property's location and local market prices. According to HomeAdvisor, kitchen remodels cost the most in the following cities:
- San Jose, California.
- Los Angeles, California.
- San Francisco, California.
- San Diego, California.
- Las Vegas, Nevada.
Ways to cut costs on your kitchen remodel project
Choosing low-cost, high-ROI projects and materials is the best way to make the most of your kitchen remodeling budget. But there are other ways, too.
On the cabinets, you can opt to simply repaint rather than refinish or replace them. A nice coat of white or gray is a good on-trend choice. Adding updated hardware can also give the cabinetry a fresh new look for a low price.
Here are a few other ways you can save on cash:
- Consider a stick-on tile backsplash: These cost a lot less than traditional tile options, and they're easy to install, too.
- Check out stone, granite, and marble supply yards: They'll often have remnants left over from larger projects that you can buy for less.
- Opt for open shelving: You can skip cabinetry costs altogether by opting for the very popular open shelving look. You can even use salvaged or reclaimed wood for the shelves to reduce costs more.
- Steer clear of too much rearranging: Avoid knocking out walls, moving pipes and wiring, and just generally relocating things if you really want to stay on budget. Focus on reframing the room -- not completely transforming it.
- Minimize the permit requirements: Permits can be costly, especially if you need one for every little project you take on. Take some time to study local building code, and consider permit requirements when nailing down your renovation plans.
You should also shop around for your remodeling contractor and materials, and use in-store pros for design and consulting needs. Hiring a professional kitchen designer can run you from $100 to $200 per hour -- and you can bet your design will take more than a few hours -- especially when you consider the back-and-forth you'll need to have.
How can you finance a kitchen remodel?
If you don't have the money to fund your kitchen remodel out of pocket, you have tons of financing options to choose from. For one, you can tap your home equity using a home equity loan, home equity line of credit (HELOC), or cash-out refinance loan. If possible, these should be your top choices for financing, as they typically come with lower interest rates than other options out there. You can even tap the equity you have in another investment property, if necessary.
A personal loan or credit card is also a possibility, though you'll pay more in interest to take these out. If you do opt for a credit card, consider using a cash-back one -- or at least one that gives you discounts at home improvement stores. This could help you reduce your remodeling costs even more. If you choose a personal loan, just make sure to shop around, as rates and terms vary significantly from lender to lender.
A quick note here: Not all these financial options will be available to everyone. Your exact financing and loan choices will depend on your credit score, debts, and how much equity you have in the property.
The bottom line
Choosing to remodel a kitchen can be an expensive undertaking, but it can also pay off -- big time. Just choose your projects and materials carefully, minimize the amount of major work you do to the space, and pick upgrades that will add value and buyer interest upon resale, and a pretty promising ROI could be in your future.
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