An upgraded, well-planned, and thoughtfully designed kitchen is an excellent renovation idea. It helps to enhance the appearance, functionality, and value of your home. Remodelling a kitchen can be as simple as installing new cabinets or could involve a complete floor-to-ceiling overhaul.
Understanding the most expensive aspects of a kitchen remodel can help you make an informed decision. As a leading kitchen renovation contractor, we have put together this guide so that you know which elements cost more and can plan and budget accordingly for your project.
How Much Does Kitchen Remodelling Cost?
Before discussing the particulars, let’s look at how much a kitchen renovation costs overall.
Every project varies in size and style, which is why the pricing may differ. Since kitchen projects are more involved, you may budget around $25,000 for a simple kitchen remodel. However, the cost of your specific project depends on several factors, such as the floorplan of your kitchen and your choice of cabinets, countertops, appliances, lighting, and more. It may be lower or higher than this estimate, depending on your preferences and selections.
Your kitchen renovation contractor should be able to give you an estimate of your project based on their assessment of your needs and the work involved.
The Most Expensive Part of a Kitchen Remodel
It’s not the high-tech appliances or marble countertops, but the cabinets that cost the most in a kitchen remodel. This is because they make up the bulk of your kitchen and are essential to ensure you have an organized space. Moreover, they are the foundational elements in your kitchen that facilitate storage and make the room more functional.
Factors that Affect the Cost of Kitchen Cabinets
- Paint and lamination
- Labour and time involved
Other Essential Aspects of a Kitchen Remodel
A rule of thumb for budgeting a kitchen renovation is it should not cost less than 5% or more than 15% of your home’s value. Cabinets can make up almost half of the total budget. Here are other features that you should consider:
Choosing the right kitchen appliances is the most expensive part of kitchen renovation, after the cabinetry. High-tech equipment may take up around 10% – 20% of your kitchen remodel budget, and the electrical work associated with them can add up to 5% to 10% of the budget.
Kitchen countertops rank third in the list of the most expensive aspects of kitchen remodelling. In addition to their design, you should ensure that they match the cabinetry and enhance your kitchen’s functionality. Depending on the material and size you choose, countertops can take up around 15% to 25% of your kitchen renovation budget.
It is beneficial to invest in high-end fixtures that are resistant to rust and are long-lasting. Top-quality plumbing features may cost less than 5% of your total budget.
We Will Ensure a Smooth Kitchen Remodelling Experience
renoWOW! is a leading home renovation contractor offering the best services for kitchen renovation in Toronto. With over 30 years of experience in the industry, we can help you design your dream kitchen.
You can call us at 416-937-0969 or book a virtual consultation with us to get started. We will listen to your requirements and work towards accomplishing the desired result on time and within budget.