Learning about the kitchen remodeling costs and deducing the budget is the least exciting yet one of the crucial steps in giving the heart of your house a gleaming new face.
If done right, you will see the whole remodeling process go seamlessly and will help in giving you the kitchen of your dreams without burning a hole in your pocket bigger than you expected.
To make this step easier, we have a comprehensive guide for you.
Average Kitchen Remodeling Costs in the US
Home kitchen remodels cost for an American household ranges between $22,000 and $50,000. The cost may vary depending on various factors such as size, remodeling type, the type of appliances and cabinets installed and so on.
For a major kitchen renovation, the cost may range between $40,000 and $70,000.
The cost incurred for an average-sized kitchen is approximately $20,000 and above.
The cost is as low as $10,000 for a small remodeling project or a small kitchen. This may include sink replacement, painting, installment of tile backlash, facade replacement of the cabinet, etc.
Kitchen Remodeling Costs in Atlanta
In Atlanta, remodeling your kitchen costs $11,000 to $41,000. It varies depending on factors such as size, the extent of the renovation, etc.
Cost to redo kitchen based on the size of your kitchen and the extent of the renovation:
Factors That Influence Atlanta's Home Kitchen Remodel Costs
There are a lot of factors that will either increase or decrease the kitchen remodeling cost. When your contractor comes over to discuss the cost, make sure you keep these factors in mind to get a better deal.
Why Are Home Kitchen Renovation Costs Reaching New Heights?
It’s a hardball truth. Kitchen renovation costs don’t look pretty. In fact, homeowners sometimes drop their whole-hearted dreams of remodeling their kitchen after looking at the costs that will incur.
Why Are Kitchen Remodels Expensive?
We investigated and found the following reasons why kitchen remodels can seem expensive. This will not only help you understand but plan and make your remodeling budget more mindfully.
How Remodelling Your Kitchen Will Increase Your Home Value?
It’s simple. Remodeling the kitchen adds market value to your home. Taking other things into consideration, generous kitchen remodels can give you approximately 52% ROI when you sell your home.
Did you know? Real estate experts put kitchen remodeling in the top 3 of the list of renovations that add value to your home.
It is very important to make sure your kitchen remodeling plans are aligned with your long-term home plans.
What Adds the Most Value to a Kitchen Remodel?
- 1) Find a balance. Do not overdo or underdo the renovation. Keep in mind that the kitchen is the part of the house and should be in tune with the rest of it.
- 2) Consider adding a kitchen island or a multipurpose work area.
- 3) Make sure that the electricals are up to date.
- 4) Check if the flooring is compact.
- 5) Ensure that the cabinets are not falling off their hinges. It is important to replace, paint or fix them.
- 6) Refurbish or replace the electrical equipment as per your choice.
5 Commonly Asked questions by Homeowners Looking to Remodel Their Kitchen
1. Are Kitchen Remodels Tax Deductible?
– If you’re planning on selling your house, kitchen remodeling is tax-deductible but with conditions attached. The remodeling should directly add value to your house by either increasing its life or improving its efficiency and functionality.
– Kitchen remodels are not tax-deductible if it is a personal residence. However, you will be subjected to tax reduction if someone in your family works from home and the remodeling directly benefits the home office. For instance, revamping the kitchen lights.
2. Are Kitchen Cabinets Expensive Right Now?
Different types of Kitchen Cabinets
Stock Cabinets – The most affordable and readily available option ranges between $50 to $200 per square foot, excluding the labor.
Semi-custom Cabinets – They are slightly a high-end choice and may range between $75 to $400 per linear square foot, excluding labor.
Custom Cabinets – The most expensive category that offers endless possibilities of design and the price ranges between $200 to $300 per square foot.
3. Does the Kitchen Remodel Include Appliances?
However, it is often confused as a part of the remodeling process. This is because it is considered a good idea to perform it along with the remodeling process. A kitchen remodel might open up more space in your kitchen and provide you with the opportunity to upgrade your appliances with less effort, time, and cost.
4. Does Kitchen Remodel Require Permit?
– If you are adding plumbing, electrical, mechanical, or walls within the home, you need a trade-specific or a building permit.
– If you are improving or replacing your cabinetry, you will not require a permit.
5. How to Finance Your Kitchen Remodel?
– You can explore the options and go for a home improvement loan, refinancing, or taking a loan against your retirement plan.
– Secondly, you can ask your contractors if they work with any bank and can offer you means of refinancing.
– Third and the most suitable option due to tax deduction benefit is the home equity loan.
