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.

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.
nformational purposes only; it is deemed accurate but not guaranteed. It does not constitute professional advice. All information is subject to change at any time without notice. Contact us for complete detailsnformational purposes only; it is deemed accurate but not guaranteed. It does not constitute professional advice. All information is subject to change at any time without notice. Contact us for complete details
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.
If you’re in the Sacramento area, you might recognize the name Kitchen Mart, Inc. They’ve been around for over 30 years and they handle everything on your remodel, from design to demolition to installation. I pretty much hired them and they handle it all. They have no subcontractors – everything is in house – so you know it’s going to get done on time and on budget. They do everything from cabinet refacing to custom cabinetry, full service countertop fabrication, and they work with you to find the design you want. (Pssst, they do bathrooms too!)
Before you start planning, consider the market and decide whether a low-, medium-, or high-end kitchen remodel makes the most sense. Costs can run the gamut from $2,000 for a simple paint-and-hardware upgrade to $50,000 if you’re installing expensive countertops and luxury appliances. Knowing your neighborhood will help keep from overspending – you may not get your investment back installing travertine in your tiny starter – or worse, underspending. Let’s face it, you’ll never see Formica in a high-end home, and in fact, it may become a barrier to your sale.
Installing kitchen appliances costs $100 to $300 per appliance on average. Investing in higher quality stoves, dishwashers or refrigerators will certainly drive up your total price. However, if you want to improve your home’s value, it will pay to install higher quality products. There are various options to choose from, including EnergyStar-certified, custom built-in, high-end store bought and budget outlet products. If longevity is important to you, look for products with longer life expectancies.

Although the following figures are for each project done separately, you’ll likely be able to save on each project when completed as part of a total kitchen remodel. However, these amounts will give you an idea of how much money each specific area of the kitchen will require. Then, you can add items together that you want completed to come up with a budget objective.
The rate to update a small kitchen is between $5,000 and $20,000, depending on what you install, repair or upgrade. For this room, small is defined as 70 square feet or smaller. You'll have limited options for a project of this size. It's important to set your budget and plan for some DIY work to save time and money. Here are some recommendations for keeping expenses low:
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.
Older homes might need the whole home’s plumbing replaced due to narrow or rotting pipes, but hopefully your kitchen remodel only requires a minimal amount of plumbing work. Plumbing services include sink installation costs, faucet installation costs, new piping, and often make up less than 5% of your expenses. Each of these services will be billed individually unless you work out a project cost with your plumber.
Most homeowners spend between $12,800 and $21,200 for the average kitchen renovation. The lower end of this spectrum covers smaller projects, such as refacing cabinets, installing a backsplash, painting, etc. In comparison, renovations that cost $30,000+ typically involve the introduction of hardwood flooring, high-end appliances, and custom features.

If you’re in the Sacramento area, you might recognize the name Kitchen Mart, Inc. They’ve been around for over 30 years and they handle everything on your remodel, from design to demolition to installation. I pretty much hired them and they handle it all. They have no subcontractors – everything is in house – so you know it’s going to get done on time and on budget. They do everything from cabinet refacing to custom cabinetry, full service countertop fabrication, and they work with you to find the design you want. (Pssst, they do bathrooms too!)

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