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.
Major remodels involve a larger overhaul of the existing kitchen than minor remodels. Key fixtures—lighting, appliances and flooring—are replaced with new versions, while extra touches are added such as a high-end sink with matching faucet and semi-custom cabinetry. Semi-custom cabinets are customizable, with versatile sizing and door front options.
Personal loans tend to be a good option for kitchen remodeling projects because you may have a good idea how much cash you need before you start demolition. This is especially true if you’re using a contractor for your kitchen renovation. Once they assess your project and draw up a proposal, you can use that information to compare loan options for the amount of capital you need.
Then there's the cost of flooring, which is between $1,400 to $5,000 and highly dependent on the material selected and the overall square footage. While vinyl is an excellent option in terms of affordability, it does not add much value to a home. In comparison, granite and hardwood flooring will increase value, but at a higher cost. While wood floors are popular, most remodelers don’t recommend having them in your kitchen because they are so susceptible to moisture.
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.

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