Minor remodels aim to preserve the kitchen’s existing footprint while refreshing its overall appearance and usability. The significant changes are usually budget-friendly fixes like painting the walls, adding new flooring and buying energy-efficient appliances, since the customer isn’t selecting top-of-the-line materials or products. Cabinetry is often a lofty expense, but minor remodels opt for money-saving measures like refacing the existing cabinets or selecting entry-level cabinets, which are mass-produced and ready-to-install.
You can begin planning for your kitchen remodel by knowing a rough estimate of where your money will be spent. For a full kitchen renovation, 1/3 of your budget will go to cabinetry, 1/3 will be spent on installation, and the remaining 1/3 is allocated to finishing touches. Finishing touches could be appliances, lighting, faucets, sinks, plumbing, backsplash, countertops, or flooring. Keeping these in mind, you’ll be able to balance your budget and more easily plan your project. For additional details on the cost of remodeling a kitchen, please visit our cost guide.
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.
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.
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.
"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.