A kitchen renovation is an important aspect for improving your quality of life. With well-thought out choices, you will be able to make cooking and dining more comfortable and stress-free. Also strongly consider a kitchen reno if you are or will be selling your house. According to the Appraisal Institute of Canada, kitchen renovation is one of the highest return on investments.
The current average cost is close to $25,593. But, if you are looking at a complete overhaul, the cost of kitchen renovation can easily go up to $50,000. Remember that the actual renovation cost will depend on your 'must have' list and the quality of material you use. If you don't have set-priorities and a budget, the cost can go up significantly.
Here are a few things that you should consider before hiring a kitchen renovation contractor:
Counter tops are the necessity of every kitchen. Marble/Stone counter tops are luxurious and can cost up $250 per square foot. Whereas, laminate counter tops can be obtained for a cheaper price of $20 per square foot. So, depending on the size of the kitchen counter top, the material you choose, number of cuts and angles, etc., your cost will change.
Backsplash can run you anywhere between $800 and $1000 per sq. ft. You may find that backsplash materials such as ceramic and vinyl are sometimes as cheap as $2 per square foot. But, installation is tricky. Installation increases the total cost of the backsplash. Unless your experienced, avoid reducing cost by opting for DIY because if you need to install backsplash around electrical wires, it can get complicated, especially those angle cuts.
When it comes to kitchen cabinets, you have the option between stock cabinets, semi-custom cabinets and custom cabinets. You will find a wide-variety of stock cabinets with Ikea, Home Depot, Lowes and several other sellers of ready-to-assemble kitchen cabinets. You can find stock cabinets for as low as $60 per linear foot. Semi-custom cabinets can cost you over $100 per LF. And, if you are ready for luxurious custom cabinets that matches your style, you should be ready to spend more than $500 per linear foot. In general, the cabinets will cost you above $3500.
Do you want to change the kitchen flooring? It is important to consider several different materials for the flooring because the cost of raw materials varies greatly. For example, if you are looking to add wood flooring to a 500-square foot kitchen, the cost can be around $4500 as the average per square foot cost for wood is $8-$10. If you opt for laminate flooring or vinyl flooring, you can reduce the cost by half. And, if you love the look of tiles, the sky is the limit!
Other Factors To Consider
- Add plumbing cost if you want to replace the sink, dishwasher, garbage disposal, etc.
- If you want to change the kitchen appliances, you need to factor the cost of oven, refrigerator, microwave, cooking range, etc.
- Consider the painting cost for new and bright walls.
- Electrical installation cost can include adding pendant lighting over the dining table and task lighting at the sink. The cost depends on the fixture along with installation charges of the electrician.
- Also consider the design cost and contractor’s fees if applicable.