Plan Your Kitchen Renovation Budget

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It's no secret that choosing to remodel your kitchen is going to cost quite a few pennies, but that doesn't mean it needs to break the bank. 

Here at Gipman Millwork we firmly believe that the kitchen is the heart of the home. So much activity happens in this space on a daily basis and if it isn't open and inviting those activities will be dreaded chores. Kitchen remodels are popular, especially in the Kootenays, because most homes here have a lot of walled off space which disrupts natural light flow and daily activity flow. Renovating your kitchen also holds the largest payoff in terms of resale value. 

With all those great reasons to embark on a renovation, kitchen remodels are also the most complicated and can be very expensive. The average remodel costs about $20,000, with most homeowners spending between $12,000 and $32,000 and the top cost is about $50,000. Don't let that deter you! Straight from our years of experience, here are some tips to set and stick to your budget.

 

ESTIMATING BUDGET PERCENTAGES

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Look at the space as a whole and answer some of these questions:

  1. How does the floor plan work for you?
  2. Can you open up a wall or two to create better light and activity flow?
  3. Do you need new appliances?
  4. How is the state of the flooring?
  5. Do you know how to paint?

Now that you have an idea of what big ticket items you may (or may not) need to change, here is an average cost breakdown:

  • Cabinets and Hardware: 40%
  • Countertops: 12%
  • Appliances and Vents: 10%
  • Base and Case Trims: 10%
  • Flooring and Tile: 7%
  • Faucets and Plumbing: 6%
  • Lighting & Electrical: 5%
  • Walls and Ceilings: 5%
  • Design Fees: 4%
  • Other: 1%

Your personal taste and style will likely skew these percentages. For example, you may be able to install flooring and do your own plumbing so those costs could be less but you want granite countertops so that will increase there. 


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