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How Much Does it Cost to Remodel a Kitchen?

Manage Your Dream Kitchen Expenses with these Useful Budgeting Strategies

Find out how much it costs to remodel a kitchen in Madison and Waunakee, Wisconsin.

Whether you’re planning on a simple countertop upgrade or thinking about an entire kitchen facelift, it’s a good idea to start the project with a well-detailed budget. Though a budget plan may seem like an obvious statement, it can be tricky to draft one for your kitchen if you don’t know what you’re looking for. How much does it cost to remodel a kitchen, exactly? We’ll show you the breakdown of a typical example.

As a general rule of thumb, the average kitchen remodeling price tag runs about $20,000 to $50,000 and varies more or less in many cases. A good chunk of the cost will go to cabinets alone, roughly 35%. A second 20-35% portion goes to labor services facilitating the project, and another 20% for new appliances. The last 25% constitutes as 10% for new window installation, 8% for fixtures and fittings, and 7% for other expenses. We recommend that you should set aside at least 20% of your budget for unexpected surprises, especially if your home has older construction. 

3 Smart Tips for Kitchen Remodeling Budgets

If you plan to remodel, our team has compiled a few words of advice to help make it easier for you:

1. Think about how long you will stay in your house. If you plan on being in your home a long time, remodel your kitchen with options that maximize your lifestyle comfort. These may include creating an open concept or reconfiguring your kitchen for better traffic flow. If you want to move in less than 5 years, however, focus on aesthetically pleasing options that will improve home value, such as new appliances or updated cabinets. 

2. Explore your project payment options. Most people opt for a home equity loan since they are tax deductible though other options are available, like refinancing and taking out a personal loan. Check with your contractor to see if they offer payment plans.

3. Factor in the cost of lodging and eating out as needed. Don't forget to include these important costs when considering a large-scale kitchen remodeling project. If it's possible, stay with a family member or friend to save funds during your remodel. 

Although the average cost to remodel a kitchen may seem overwhelming, there are many ways to make your remodel more budget-friendly. For more tips about kitchen remodeling for your budget, contact us at Waunakee Remodeling anytime. Our professional team is happy to assist you. Ready to take the first step toward your dream kitchen? Fill out this home remodeling cost estimate to get started.