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How to Establish a Budget for Your New Kitchen or Remodel

October 6, 20112 comments

The biggest factor in getting your kitchen remodeling project underway is determining a budget. It’s important to make one that works for your financial situation and the quality of kitchen you’re looking for. Determining your kitchen remodeling budget shouldn’t be taken lightly or made hastily. This is especially true because the kitchen is often the center of any household and is the room that sees the most action. To help you understand how to start a remodeling budget, we put together a few quick tips for you to get the most out of your project.

A sample kitchen remodeling budget. Kitchen cabinets are generally the largest percentage of kitchen remodeling costs.

What Does a Kitchen Remodel Cost?

An average, medium-sized kitchen remodel, can reasonably cost anywhere from $20,000 – $50,000. Every budget will vary depending on things like the size of a project, materials used, and even where you are located. Your individual budget will depend specifically on your households needs. This chart is a good example of a budget breakdown. Kitchen cabinets make up about 29% of a kitchen remodeling budget.

What Do Kitchen Cabinets Cost?

Kitchen cabinets can cost between $2,500 and $24,000. The variation of price comes from differences in materials, quality, and where you purchase them from.

However, finding the right cabinets for your household is about more than price. It’s important to find cabinets that suit your style and fit your needs in terms of storage, function, and durability.

Learn More About Understanding Your Renovation Budget:

In our kitchen remodeling guide, we’ve laid out some more detailed steps and tips for creating a budget and allocating money to certain parts of the remodel.

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Showing 2 comments

  1. Albuquerque home builders Reply

    Great post! Determine your top most priority whenever you will be remodeling your kitchen. Through this, you can be able to estimate how much you would be spending.

  2. home builders Missouri Reply

    This post is very helpful in determining the budget for a kitchen remodel. The graph is very educating on how to divide the money at hand. Great read!

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