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.
Speaking of sale price, your expected date of sale has an effect on your total cost. Like I said above, if you plan on living in the home for a long time, don’t be afraid to splurge. After all, this is your kitchen, one of the most trafficked rooms in any house. However, if you plan on selling your house in the near future, say less than three years after the remodel, don’t go crazy with your kitchen renovation.
Flooring installation costs $1,500 to $4,500, depending on various factors. The largest factors include the square footage and material you choose. Vinyl and linoleum flooring tend to be the most affordable but add little or nothing to the value of your house. Tile, granite and wood are more expensive and will help to increase value. The more expensive flooring sometimes proves to be the more difficult ones to maintain.
If you plan to remain in your house for years, then you should consider splurging on items like new countertops, appliances, cabinets and flooring. The fact you'll be living in the house for years to come means that you could save money on repair or replacement because they last longer. It also means that you continue to find value in their repeated use. If you plan to live in your house for years or decades after the renovation, there's no point in spending money and only making small changes.
Before you apply for a loan, price out every component of your kitchen remodel cost including materials and labor. If you’re working with a contractor, they may take care of this task on your behalf. Keep in mind that you may also want to factor in another 10 percent in costs for any construction overages, new kitchen decor or any related expenses that pop up.
Older homes typically don’t have enough amps to handle modern demand. Any new work will need to be wired with a new meter, paneling and piping, which can cost $1,000+ to bring it up from the older 60 amps to the modern 200 amps or more. If you move appliances to other parts of the kitchen or install new lighting anywhere no lights have been before, this cost will be factored in. You’ll probably also need new outlets at an average price of $150.
"Brass offers a classic and timeless look while still feeling bold and contemporary," says Amy Biller Switzer, marketing manager at Emtek and Schaub. "We will see that continue into 2020." The finish blends nicely with most kitchen design styles, but we especially love the look of brass hardware against dark, moody cabinetry or a polished brass faucet that acts as a shiny focal point in a neutral kitchen.