Cabinets are also one of the foundational aspects of your kitchen; one that is obviously essential for storage and is required to make a functional space. This is the main reason they are also the most expensive part of your kitchen's remodel.
The most expensive element of any kitchen remodel is usually the cabinets, which on average cost upwards of $15,000. In second place are new appliances, costing on average around $8,200. The countertops are the next greatest expense, generally costing just under $6,000.
The most expensive parts of a home renovation are remodelling the kitchen, remodelling the bathroom, replacing the roof, building outdoor areas and adding central heating or an air condition system.
"Kitchens and baths are by far the most expensive rooms in the house because they are not only finish- and material-intensive (full of countertops, tile, and cabinets), but also carry additional budgetary demands due to plumbing, electric, and mechanical requirements," says Steve Pallrand of design firm Home Front ...
Spacious and modern storage units were found to be the best kitchen feature to increase property value, with 72% of experts choosing this. This is followed by fitted energy-efficient appliances, with 66% of expert approval.
Cabinetry: 30-35%
It comes as a shock to many people, but your cabinetry may be the biggest expense of your kitchen remodel.
The total average cost of installing cabinets is $5,050, while installing countertops costs $3,300. The material is the greatest cost factor, averaging less than $1,200 for laminate countertops and less than $3,250 for solid surfaces.
Installing flooring before your cabinets is the best choice for most hardwood floors. When professionals install floors then cabinets, it's easier to get everything to standard heights. It's also a safer installation process for your cabinets since you won't risk any damage to them as professionals install the floors.
If you're in love with a specific color, choose your granite countertops first, and then select your coordinating kitchen cabinets. Keep in mind that the same color selection process applies as in scenario #1.
So far, the industry's standard ROI for mid-range kitchen makeover falls between 50% to 60% of your overall budget for remodeling. For instance, if you spent $69,000 redoing your kitchen, then you can expect to recoup around $34,500 to $41,400.
12×12 Kitchen Renovation Costs
This is close to the standard size kitchen which is usually between 150 and 175 square feet. Budget roughly $26,000 to $52,000 for a kitchen renovation this size.
Cabinet refacing is the process of replacing cabinet skin panels to give your kitchen a dramatic new look. Your cabinets may be scratched or cracked, or you may simply desire a change — much like replacing a perfectly good smartphone with the latest model.
A typical IKEA kitchen costs $6,500-19,000 depending on your kitchen size, the type of cabinets, as well as other accessories and appliances you select. Most homeowners report spending $8,500-14,500 on a complete kitchen from IKEA.
Closure of facilities – public services, employment, amenities; if any of these services close, it could impact the value of your house as they're often appealing to buyers. Low school ratings – buyers pay to live in areas with good schools because they want their children to have access to the best education.