Thinking of renovating your kitchen? You’re not alone. The kitchen is one of the most popular rooms of the house to remodel. Whether you’re updating your kitchen with a fresh coat of paint and more storage or you’re in for a complete overhaul, here are three questions to ask before you get out the sledgehammer.
1. What does your dream kitchen look like?
Make a list of everything you want in your ideal kitchen, including the floors, countertops, appliances, fixtures, backsplash, etc. Flip through interior design magazines or look online for inspiration.
2. How much of your dream kitchen can you afford1?
A basic kitchen upgrade
What’s included? The kitchen footprint stays intact, but the space gets a basic, DIY cosmetic makeover including new budget-friendly appliances, a lick of paint and new hardware and fixtures.
Cost, on average: $5,000 to $15,000
A midsized renovation
What’s included? It’s a step above a basic upgrade that may include new flooring, cabinets, countertops and appliances in addition to new paint and fixtures.
Cost, on average: $15,000 to $35,000
A major remodel
What’s included? This is a major overhaul that involves changing the current footprint of the room, such as tearing down walls or relocating appliances. Everything in the space is new, from cabinets and appliances to hardware and fixtures.
Cost, on average: $35,000 to $75,000
3. Do you have to hire a professional?
While most homeowners can do minor improvements themselves, it’s often best to leave the bigger jobs to the professionals.
A minor kitchen remodel has a cost-value ratio of 75.4%; a major kitchen remodel has a cost-value ratio of 68.9%.2
Sources: 1. Houzz. “How Much Does a Kitchen Makeover Cost?”
2. Remodeling Magazine: 2013 Cost vs. Value Report