Kitchen Remodels: Where does the money go?
The average cost of kitchen remodeling projects is $20,000, although this average includes minor and partial kitchen remodels. Full kitchen remodeling projects are likely to run at least $50,000. The most expensive elements are appliances.
The cost of finished products such as flooring, cabinets, countertops, and other manufactured materials—outweighs the costs of labor and installation, in some cases by more than 2-to-1. Finished products and appliances account for about 65-70 percent of the cost of a kitchen remodel.
To put the scale of your own kitchen into perspective, an average-sized kitchen in the Houston area is about 150 sq. ft. Homes 3,000 square feet plus: the average kitchen size 300 square feet.
The fastest and most efficient way to reduce the cost of a kitchen remodel is to look for cheaper manufactured products and appliances.
While the cost difference between an economical and luxury refrigerator can easily exceed $2,000, the big difference makers for kitchen remodels are cabinets. Indeed, cabinets are the single biggest reason why kitchen remodels tend to scale so heavily toward the cost of finished products. Stock cabinetry might cost between $6,000-$12,000 for a full kitchen remodel. High-end cabinetry will cost $20,000 or more. Installation doesn’t cost anywhere near this amount. Cabinet risers and crowns will also contribute to the final installation cost. The average cost of cabinet installation amounts to about $6,000.
While countertops will also play a huge role in determining the final cost, their product and installation costs tend to be more closely linked. Solid-surface and stone countertops tend to cost 2 times as much as laminate countertops with higher costs across the board for materials, fabrication, and installation. On the other hand, while basic, stock cabinetry can save you $10,000-$20,000 on the total cost of your remodel, laminate countertops are more likely to save you only about $2,000-$5,000.
When soliciting estimates from contractors, it can be useful to see exactly where your money is going. This will allow you to judge not only the overall value of the bid but where you might be able to cut costs to stay within a smaller budget. This is particularly true of kitchen remodels, where the high percentage of finished product costs allows for greater latitude and cost control. Yet, no estimate or cost breakdown is worthwhile without an experienced and reliable contractor like Clear Sky Developments, to complete the kitchen remodel.
Contact us today for a free estimate!