Calculating Your Kitchen Renovation Costs

If you’re considering a kitchen renovation in your Hudson Valley home, consider this: The National Association of Realtors estimates that kitchen and bathroom renovations can return 70% to 75% of costs. As for what those remodeling costs may be, the answer is, it depends.

See what it could cost to remodel your Hudson Valley kitchen or bath

Many factors go into a kitchen renovation, including your location, the size of the room, and whether you are simply refreshing your kitchen’s aesthetics or going for a full structural reworking of the space. Your preferences

in countertop, cabinetry, and flooring products are another major factor in calculating final renovation costs.

calculating kitchen renovation

Reasons to renovate your kitchen or bathroom

You might love your house and neighborhood but these may be familiar scenarios:

  • The bathroom tile color scheme is stuck in the 1950s.
  • You want to replace the bathtub with a walk-in shower.
  • Your family has grown (or your cooking skills have expanded) and the kitchen needs more workspace or a new layout to accommodate more seating.
  • The décor you loved 20 years ago isn’t jiving with your contemporary taste or the latest kitchen color trends.
  • You’re expanding your home and will undertake an extensive renovation.

 

What is a realistic budget?
Average kitchen and bathroom remodel costs:

As you work up plans for your dream kitchen or bathroom renovation, we offer these budget parameters to guide your choices. These are average costs based on mid-sized rooms in the greater Hudson Valley region.

Minor renovations are usually cosmetic updates to cabinetry, countertops, or flooring in a kitchen or updating the tile, fixtures, and vanity in a bathroom. A complete renovation comprises ripping out the existing elements and constructing a new room with all new fixtures and equipment.

 

Calculating kitchen renovation:

Kitchen (100-150 square feet)

  • Minor Renovation: $10,000 – $20,000
  • Major Renovation: $20,000 – $65,000
  • Complete Renovation: $45,000 – $125,000+

 

Calculating bathroom renovation:

Full bath 

  • Minor Renovation: $2,000 – $10,000
  • Major Renovation: $10,000 – $20,000
  • Complete Renovation: $20,000 – $50,000+

 

While these costs may give you some sticker shock, remember that a kitchen or bath renovation or upgrade is an investment in your home as well as in your enjoyment of the space.

 

Working out the renovation financials

1 – Determine your renovation budget. The amount you can afford to spend on construction and materials will inform how high-end you can go and the extent of your renovation. Cabinets are the costliest part of a kitchen renovation because they are the most prominent element in the space, so factor that into your budget.

The general rule of thumb is that the project should cost between 5% and 15% of your home’s value. Another way to look at that is to spend no more than the value of that room as a percentage of the home’s total value. So, if your house is worth $500,00 and your kitchen represents 15% of your property value, you should spend no more than $75,000 on the kitchen renovation.

2 – Check our home improvement loan calculator to estimate your monthly payment for a renovation loan based on the anticipated project cost and your credit score. This loan calculator will help you assess if your anticipated budget and project scope are doable for you.

3 – Get financing for your project. At Affordable Granite & Cabinetry, we work with Hearth, which will provide a financing quote right away and connect you with its lending partners. You’ll find the link to Hearth on our loan calculator page.

 

Contact Affordable Granite & Cabinetry for your renovation project

At Affordable Granite & Cabinetry, our design experts will help you create a new kitchen or bath for your Hudson Valley home, with products and designs that will help you maximize the return on your remodeling investment. We work with homeowners throughout Dutchess, Orange, Putnam, and Ulster counties to bring beautiful kitchen renovations from planning to completion. Contact us to make an appointment in our Fishkill showroom and design center. We look forward to helping you create a beautiful new space!