Are you thinking about renovating your kitchen?
Maybe it’s time for a fresh look, or you are thinking about selling your home.
Either way, one of the most important factors of doing a kitchen renovation is figuring out: How much does a kitchen renovation cost?
It’s impossible to give you one solid figure since kitchen renovations depend on a variety of factors such as the size of your kitchen, what you want to have done, etc.
Instead, Ridgeline Improvements is here to help you sort out your kitchen renovation budget so that you can have the kitchen of your dreams without breaking the bank.
Let’s get started!
Budgeting for Your Reno
Because kitchens are typically the most expensive area of your home to renovate, it’s important that you establish a kitchen renovation budget.
Here are some tips to get you started on how to budget for a renovation:
Figure Out How Much You Want to Spend
The easiest way to create a kitchen renovation budget is to start with how much you want to spend and afford.
From there, you can figure out what kind of changes you can afford.
For example, if your budget is $10,000, then you know you can’t afford an $80,000 upscale kitchen remodel.
You’ll have to use your limit to decide which aspects of your kitchen you can renovate and upgrade.
Break Down the Cost of Kitchen Renovation
When it comes to kitchen renovation costs in Edmonton, you can loosely break down the cost based on the following:
- Labor: 20%
- Cabinets: 35%
- Appliances: 20%
- Windows: 10%
- Fixtures: 5%
- Fittings: 3%
- Other: 7%
Of course, this is based on a full kitchen renovation. You can certainly suit your renovation to your project by keeping certain components of your kitchen that are still in good shape!
Prioritize Your Kitchen Renovation
During the planning stage of your kitchen renovation, make a list of what you want for your kitchen versus what your kitchen needs.
When you’re working within a tight budget, you may have to forego things you want for your kitchen (such as crown molding) to focus on the things you need (like new appliances).
But don’t forget to look for cost-saving alternatives! Maybe you can’t get exactly what you want, but there are always ways to find less expensive versions.
Consider Costs Beyond the Kitchen Renovation
Apart from the actual renovation cost, you also need to consider additional expenditures, such as accommodations if you are not staying in your home, eating out when you can’t use your kitchen and any unexpected surprises during the remodel.
Where to Splurge
When it comes to getting a return on investment (ROI) and completing a renovation you are satisfied with, it’s important to scale your budget.
To help you prioritize your kitchen renovation in order to stay within your budget, here are some aspects of the project you should splurge on:
Splurging on high-quality countertops will increase your return on investment and provide a stable surface that will last for many years!
You can choose between marble and granite, two popular countertop choices.
When it comes to the things you use on a daily basis in your kitchen, you need appliances you can count on.
While you don’t have to buy top-of-the-line appliances, you definitely want to choose high-quality appliances that come with good warranties.
If your kitchen can accommodate additional windows, adding them will boost your investment return!
Natural light is a great way to add warmth and space to your kitchen.
Where to Save On Budget
Thankfully, there are many ways that you can save on your kitchen renovation budget!
Here are some ways you can remodel your kitchen on a budget:
Refresh Your Cabinets
If your cabinets are structurally sound, there’s no need to spend the money on having them torn out and replaced!
Instead, update your cabinets by painting or refacing them. You can also add new hardware for an updated look or remove the doors for a fresh open-shelf look.
Keep Your Layout
Changing the layout of your kitchen, such as moving the sink or counters, can be expensive. By keeping your kitchen layout the same, you can save on your kitchen renovation budget.
Design your new kitchen around the existing framework and add a kitchen island if you have the space.
DIY Some of the Reno
Yes, many of the tasks involved in a kitchen renovation are best left to contractors, but there are smaller tasks you can take of yourself to save money.
For instance, you can take care of painting the walls, tiling the floor, and installing baseboard and trim.
How to Make Sure You’re Getting a Good Return on Investment
For most people, a kitchen renovation is about creating a space to be used and enjoyed.
However, when planning your reno, it’s important to think about return on investment.
Return on investments refers to how much value the renovation will add to your home should you decide to sell it. While you may not be planning on leaving anytime soon, why not take ROI into consideration now instead of later?
Here are some ways that you can make sure you’re getting a good ROI for your kitchen renovation:
- Stick to neutral colors such as white, cream, beige, and navy. Use accessories to achieve this if you feel compelled to have bold colors.
- Use a transitional style by installing simple elements like paneled doors, stainless steel appliances, and chrome hardware.
- Install simple tiles in a neutral color and avoid making your backsplash the focus of your kitchen. Of course, you can go for white marble tile with floral, chevron, or honeycomb patterns to avoid looking boring.
Even though selling your home may not be in the cards just yet, keep your ROI in mind when planning your kitchen renovation.
Edmonton Kitchen Contractors
Are you ready to get started?
Our professional contractors at Ridgeline Improvements are here to help you with kitchen renovation costs in Edmonton.
From conception to completion, we are dedicated to helping you achieve the kitchen of your dreams while staying within your budget.