Plan ahead and determine whether you need to upgrade your electrical board to accommodate a new refrigerator or oven -- which can be $1,000. You may also need to move outlets and fixtures to accommodate a new layout. Plus, you may have outdated outlets that need replacement -- adding $175 to your total. Have an electrician on hand to guide you through the process and be ready to spend about 5 percent of your total on electrical work.
That’s where Hatfield Builders & Remodelers comes in. We’ll take that faded wallpaper and dated linoleum and transform your space into an elegant, functional room that you can truly enjoy. Outdated cabinets? Limited storage? No problem. Our kitchen design experts will work with you to create a one-of-a-kind space you and your family will love for years to come—your home, reimagined.
Once you have an idea of your kitchen remodel budget, play around with a loan calculator to figure out your next move. Determine how much your monthly payment may be considering your credit score, how much you borrow and how long you are willing to pay your loan. Also consider how your new monthly payment will affect your monthly cash flow and personal finances overall.
While home equity loans and HELOCs can come with low interest rates and fair terms, it’s important to understand that not everyone qualifies. According to the FTC, you can typically borrow only up to 85 percent of your home’s value with a first mortgage and second loan, for example. This makes home equity products a poor option for anyone who has been a homeowner for a short time and doesn’t have a lot of equity built up.
Refacing – The average cost to reface your cabinets is between $3,500 and $9,000. To reface your cabinets, you can choose from various materials and designs, resulting in a fresh look for a fraction of the cost (compared to newly installed cabinets). Once again, to ensure that this option is done right and do the highest standards, a contractor is highly recommended.
Installing new appliances costs between $100 to $300 per appliance on average. By installing higher quality appliances, you can instantly improve your home's value. If you’ve been thinking of keeping your older appliances, keep in mind that most kitchen appliances only last 10-12 years and can cost $250-$500 to repair; and you might end up saving more money by replacing them with warrantied, newer models now. Newer stainless steel appliances are smudge free, and there are many options available, including:
Case in point: Photographer and designer Erin Kestenbaum transformed her kitchen as part of this fall’s One Room Challenge and thoughtfully included enhanced storage space. Kestenbaum’s creative solutions included vertical tray storage above the fridge, a narrow drawer for oils and spices by the range, and a coffee bar built into a full-height cabinet. "I love designing upfront ways to hide the clutter and appliances that, without a home, will inevitably end up on your countertop occupying space," she says.
If a total kitchen transformation is what you’re after, it’s time to redo your flooring. Many choices are available nowadays. And if you’re looking for a durable, easy-to-clean option and love the traditional appeal of hardwood, consider a wood-look alternative such as vinyl or this glazed ceramic tile, which you can also use on the wall as a rustic backsplash.
If you decide to go with a major remodel and spend upwards of $50,000, you should consider consulting a kitchen designer. A professional designer has the experience, connections and examples to suggest what fits with your plan. He or she can also help you save where possible, so you don't spend needlessly while still getting the final product you want.