Kitchen Remodeling Prices

Kitchen remodeling prices, as a percentage of home value, average about 15%. For example, if your house would sell for $400,000, you will probably spend about $60,000 to remodel your kitchen.

If you then sell your house within 3 years, you will get approximately 78% of your money back in the sales price. Of course, the longer you keep the house, the more it appreciates, and the more return you get on your investment.

These numbers (in my opinion) are meaningless because they represent a national average and don't reflect what things will cost in your specific community. Further, people spend what they can afford. If you want a new kitchen, and only have $30,000 to spend, that's what you'll spend.

Even if cost is no object, you'll probably keep your kitchen remodeling prices to a minimum, without compromising your wish list. So the figures given here are merely guidelines - take them with a grain of salt.

Here is an example of a breakdown for a typical kitchen remodeling budget:

Appliances = 10%

Electric/Lighting = 10%

Flooring = 8%

Walls(paint/wallcovering) = 2%

Cabinets = 40%

Countertops = 10%

Labor = 20%

Remember that if your project involves an architect and permits, those costs are not included.

I recommend that you then add another 10% for unexpected costs and contingencies.

Let's say your kitchen remodeling prices came in about $10,000 more than you wanted to spend. There are a few things you can do: one is just wait until you can afford to do everything; one is to spread the work out over time; another is to find ways to lower the cabinet & countertop prices without compromising the look of the kitchen.

Cabinets are the most expensive element of the kitchen (almost half). So that makes this the place where you'll find the most flexibility of both price and design.

You've gone through the shopping and selections. You are excited about getting your new kitchen and the last thing you want to do is put the whole thing off. (I would vote NO to this option - being an impatient person).

You could however put specific parts of it off and still get to enjoy your new kitchen when intended. The following suggestions are relatively small in dollars, but added together, they might do the trick.

First, there's lighting. General lighting, task lighting and accent lighting (usually inside, over, or under the cabinets). Skip the accent lighting for now, but run the wiring if you want to add it later. Buy fixtures that are in stock - no special orders.

Cabinet accessories and organizers can easily be added later, or substituted with over-the-counter inserts which are cheaper than the custom fitted ones. You could go back to the store and look for a comparable cabinet from a less expensive manufacturer (potential significant savings).

Drawer pedestals are more expensive than doors. Instead of a 3-or-4-drawer base cabinet, you can opt for a standard 1 drawer over a door. Then add pull-outs behind the door at a later date if you wish.

Stone countertops come in standard thicknesses. Depending on availability, you might ask for a price option to make the top thinner - it's often cheaper. Make sure you have even and constant support under the stone so it won't crack in the future.

The edge was probably built up to start with, so it shouldn't change. You could combine a stone top with a wood edge. This too would be a savings, but not significant. I would stick with what you like - just letting you know what your options are.

WilsonArt has a new line of HD (high definition) laminates which look a lot like real stone. Take a look and see what you think. The savings would be sizable.

My final suggestion for lessening your kitchen remodeling prices is to replace any of your selections that come from Europe with domestic items. The exchange rate has recently made anything European very expensive. It's possible to spend over $100,000 just for the cabinets. They're beautiful, but so are lots of choices that are made domestically.

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