What does a kitchen renovation cost? Home renovations have long been popular among homeowners as a means of updating their living space and bringing it more in line with their vision of a dream house and kitchens are one of the more popular choices to renovate. If you are thinking about undertaking such a project, you may be wondering, what is a reasonable expectation for a kitchen renovation cost in 2023?
What Are Your Remodeling Plans?
Renovating the kitchen of your North Vancouver home comes with many advantages. It provides an opportunity to give yourself more space, make the area more comfortable and usable, change your appliances, and even just update visually. It also adds considerable value to your home if you anticipate reselling it.
The more ambitious your renovation plans, however, the more you can expect to pay. If your budget is tight, you need to consider what you need to change, what you want to change, and what you can do without.
How Much Should You Budget?
Several factors will affect the total cost of your remodel, such as the size of your kitchen, what you want to change, the materials used, and more. Often, a remodel will include new cabinetry and counters, as well as new flooring. Many choose to add new appliances as well during their remodel.
A standard-size kitchen will usually be between 150 and 175 square feet, though some may be 200 or more. The scope of the renovation could run anywhere from about $85 per square foot for a small kitchen with modest upgrades, to $200 per square foot or more. The average across Canada, according to many experts, is approximately $31,000, or about $195 per square foot.
A minor remodel will often focus on changes to the floors, cabinets, and accessories. These can have a significant aesthetic effect, while still being relatively budget friendly. This type of remodel might make use of materials such as melamine for the cabinets, and vinyl plank for the floors. Even simple changes such as a new faucet or new knobs and handles on cabinets and drawers can add visual appeal.
This type of remodel can cost approximately $21,000.
A more significant remodel still focuses on upgrading what’s already there without making major layout changes. It can include cabinetry, countertops, backsplashes, and more. Vinyl is still a good choice for the flooring and quartz countertops can mimic the look of natural stone while being much less expensive.
This type of remodel can average around $31,000 depending on the size of the kitchen and the extent of the changes made.
The more you do, the higher the kitchen renovation cost. A major remodel can involve any or all the above, as well as more drastic changes to the layout. Perhaps you want to relocate a door, or even take down a wall for an open concept. You might also need to open one or more walls for an electrical update, install charging stations, speakers in the ceiling, new lighting, and more. New, high-end appliances and even smart appliances might be included.
The sky’s the limit for this type of kitchen renovation cost, which can start at about $50,000 and go well above $100,000.
Is It a Good Idea to Remodel Your Kitchen?
Remodeling your kitchen can be a significant expense, depending on the scope of the work to be done, but keep in mind that a kitchen remodel has an estimated return on investment of 75-100%. Additionally, it can provide greater comfort and functionality.
It’s important to carefully plan your kitchen remodel to ensure that you respect your budget. It can be easy to overspend, but it isn’t necessary, as a relatively modest makeover can still provide you with the change you are looking for.
At Shakespeare Homes, we can work with you to come up with a quote that suits your needs and budget. Contact Shakespeare Homes today to discuss your kitchen renovation.