Where Your Money Should Go
The biggest budgetary factor of your kitchen renovation is the actual scope of the project—how many upgrades you need to make and how many square feet you plan on remodeling. A kitchen remodel includes a lot of decision making, and it’s important to know where (and when) to spend money in the kitchen. Experts advise spending about 5% - 15% of your home’s valuation on a kitchen remodel. Regardless of your budget, expect to spend about 48% of your overall budget on cabinetry, 15% on countertops, 19% on appliances, and 5% on flooring. Other money might be spent on electrical, walls and trim, windows, or plumbing upgrades. When it comes time to sell your home, the money spent on your kitchen remodel should be comparable to homes in your neighborhood in order to stay competitive.
Photo by Floto + Warner. View Slideshow