Thursday, August 30, 2012

The Itemized Kitchen Budget

Have you thought about remodeling your kitchen, but haven't been able to wrap your head around the budget?  

Here is a list to help you breakdown all the elements you will need to spend your money on.  This gives you a starting point so that you can research prices and see how things add up.  The most important factor to consider is the cost of labor. This can vary depending on who you hire to do the work. I suggest always padding the budget in this area because when tearing out old and putting in new, you never know what you will find. Things like mold, rotted wood, plumbing against code and electrical issues are often found once walls/floors are opened up.  Its better to prepare yourself ahead of time and hopefully have some money left at the end, than being stuck paying more than you originally budgeted.

I have added modest sample costs to the list below, keep in mind your project could exceed this sample budget.  Due to size of the room, quality of the products chosen, labor required and timeline, each kitchen remodel is different.   All kitchen remodels can be done on a small or large budget. It just comes down to the costs of the products you chose and the extent of work that your home needs. I am just trying to provide a realistic planning item list to help you realize all the expenses involved.




Budget:  $35,000-$40,000  
Sample based on a 12' x 12' room, 
with no additional construction planned.

1. Cabinets:  $8000  (NOTE: This price can range from $4000-$40,000+ due to product choice and room size).

2. Counter tops: (installation is included in its price):  $5000 (This can also vary depending on the material- this quote is based on a inexpensive grade of granite)

3. Appliances 
(these prices will vary significantly depending on brand and style- I have priced the basics)
    a. Fridge:     $1500
    b. Dishwasher:  $800
    c. Range :    $1250
    d. Microwave hood: $700

4. Flooring:  $2500 (price will vary depending on material chosen)

5. Sink:  $500

6. Faucet: $350

7. Labor

     a. Demo:  $1500
     b. Cabinet Install  :  $3000
     c. Flooring install:   $2000
     d. Electrical costs  (per code licensed electrician needed):  $1500
     e. Plumbing costs  (per code licensed plumber needed):     $1500

8. Decor costs

    a. Backsplash (tile and labor):  $750
    b. Paint (with labor): $400
    c. Light fixtures: $700
    d. Cabinet hardware:  $500 (this is a cost that most people don't consider)

9. Padding for the unexpected: 
$6000

TOTAL:  $38,500
Other costs to consider:
A.  New windows
B.  Removing or adding walls
C.  New doorways
D.  Furniture (seating for an island, etc.)
E.  Decorative Ceiling Treatment
F.  Kitchen Design service: 
This can vary, but I cannot stress how important it is to work with a designer that knows what they are doing and listens to your needs.   Come to me, mention this article and I will give you $50 off my design fee! 

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