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Kitchen Renovation – What is a rule of thumb for budgeting?
You are getting the itch to renovate your kitchen. When you go to the internet, Houzz, Pinterest, and other home décor sites are your first stops. While dreaming, a couple of questions continue to nag you … “How much will a kitchen renovation cost and can I afford it?”.
While a variety of factors impact a project’s cost, you can use a rule of thumb to get a general idea of the required budget. Remodeling experts estimate a kitchen renovation costs around 15% of your home’s value. So, if your home is valued at $200,000, the budget for an updated kitchen is approximately $30,000. For a $350,000 home, you would spend $52,500. The biggest cost element of a kitchen remodel will be for cabinetry. One industry source breaks down the elements in a renovation budget as follows:
As mentioned above, a number of items influence the final budget. For example, removing existing walls increases the labor cost. If you are a serious cook, appliances will likely cost more than a typical kitchen renovation.
Your budget should consider how long you plan to remain in the home. If you are only planning to remain in the home 1 – 5 years, there is less time to recover your investment in appreciation. This mentality reduces the overall amount you should plan on spending.
If you expect to stay in your home for a long period of time, you want to ensure the renovation works best for your family. Typically, this results in a larger budget as you enjoy the benefits of the renovation for a longer time.
You should also plan on encountering surprises impacting the budget. Often these are not significant. However, we have encountered projects with significant electrical or plumbing issues requiring resolution. Fixing these problems can have a big effect on the budget.
Finally, the specific cabinet, countertop, flooring, appliance, and fixture selections you choose drives the final budget. Using experts will help you avoid making costly mistakes and identify opportunities where spending less may equal more. Typically, any fees paid to experts is more than offset by the added value they bring to the project.
With your nagging questions answered, go ahead and return to planning your new kitchen with better knowledge of what you can afford.
If you have looked even casually at kitchen cabinets, you already know that there are more than a few options available to you in everything from style to color. Another option to consider is the choice between Inset, Full, or Partial Overlay cabinet doors.
Inset Cabinet Doors are set into the cabinet frame and fit flush with the face of the cabinet when closed. Since the door is flat with the rest of the cabinet, a door pull or knob is needed to open the cabinet. With this type of door, the hinges can either be concealed or exposed. Inset cabinets are desired by many for their smooth, clean appearance, but there is a price to be paid for the look and quality of inset doors. That price is between 15-30% more than overlay doors. Beyond the increase in price, there are a couple of other things to keep in mind with these doors. Cabinets with inset doors provide the smallest amount of storage space, making the storage of large items sometimes difficult. Also, the expansion of wood caused by high levels of humidity can sometimes cause rubbing to occur between the door and the frame. A couple of examples of inset cabinetry are below.
Full Overlay Doors give a similar appearance to that of inset doors without the higher cost. They completely cover the cabinet face, providing the flat cabinet front so desired in inset cabinets. Since they are not set inside the cabinet frame, full overlay provides the greatest amount of storage with ample room for items such as pots and pans. Double doors in full overlay style come without the vertical stile on the face frame which allows for even better storage capacity and easier access of stored items. With only 1/4th of an inch between cabinet doors, pulls or knobs are needed. Here are pictures of full overlay cabinet doors.
Partial or Traditional Overlay Cabinets are the most common and least expensive option for your kitchen. The door sits on the cabinet face, leaving a “gap” of usually 1-1 ¼ inch between the doors, allowing the face frame of the cabinet to be seen. No hardware is required with these cabinet doors as there is finger space on the sides of the doors in which to open them. Though a more traditional look, cabinets with partial overlay doors are still a popular choice and a good option for many kitchens, especially if cost is a factor. Below is a church kitchen that utilized Partial Overlay doors.
Whether you go with the classic appeal of partial overlay doors or opt for the more custom look of inset, your kitchen is sure to bring you years of enjoyment because it will reflect your style. There is no right or wrong choice- there’s just YOUR choice. Make it one that you will be satisfied with for years to come and you won’t go wrong. Stop in our Spiceland Indiana design showroom to see examples of all three styles.
Depending on the style you want and the options you choose, a significant chunk of your kitchen remodeling budget will be applied towards the purchase of cabinets. Industry benchmarks have cabinetry making up approximately 40% of the project costs. Many factors affect cabinetry’s portion of the budget. Knowing a few of these factors will arm you with the basic knowledge you need going forward.
Probably your first order of business is deciding the type of wood you would like for your cabinets. While much of that decision may be based simply on personal preference, price may also play a part in that decision. Oak and Birch are at the lower end of the price range, while the beauty and unique characteristics of Cherry place it at the top. The very popular Maple finds itself with a higher price tag than Oak, though not as expensive as other choices.
The most cost effective option is a laminate “veneer”, often referred to as Thermofoil. This is a vinyl film applied to MDF (medium density fiberboard) using heat and pressure. Not only does it very closely resemble wood detailing, but it is also very easy to care for and less likely to chip than a cabinet with a painted surface.
The style of cabinet you choose is a reflection of the space you are creating. From sleek and elegant to a more rustic look, there are styles to fit everyone’s tastes. Whatever the look you are going for, remember this- the more detail you add to the cabinets, the more money you add to the final cost. For example, a flat or recessed panel door will be less expensive than a raised panel door. As details are added to the cabinet doors, more cost is also added.
A full overlay door (where the door covers the full frame of the cabinet) will be more expensive than a standard or partial overlay door. The most expensive door type is an inset style, where the doors and drawers are made to fit within the face frame opening.
With the construction of your cabinets, you can choose between the standard face-framed cabinet or a frameless (aka full access/european) style. The frameless construction is typically the more costly of the two options. However, it also provides greater accessibility inside the cabinet due to the elimination of the face frame.
Your construction choices continue into the area of drawers. Though lower on the price scale, a drawer box that is stapled together will prove to be less durable than one that has a plywood bottom and has dovetail construction.
The final cost of your cabinets will be determined by all of the above factors. Knowing your budget is the best way to begin planning that perfect kitchen for your family. Stop in our Spiceland Indiana showroom or give us a call and our designers can assist you in making design choices to maximize your remodeling budget.