Remodeling your new home is one of the best ways to put your stamp on it and create a space for your family. With the bleak housing market, 61 percent of homeowners plan to renovate their existing homes to create the perfect kitchen and bathroom. Pinterest and Instagram are enough to inspire bathroom ideas and an improved kitchen layout.
The most significant hurdle many homeowners in the US face is covering the cost of kitchen and bathroom remodeling. The prices can rise staggeringly, and setting a budget is essential for your home upgrades.
The good news is that you’ve found the perfect guide to budgeting for your bathroom and kitchen renovation ideas. Continue reading to learn more about kitchen and bathroom remodeling costs today!
Cost of Remodeling a Kitchen
The primary factor to consider when planning to renovate a kitchen is the size of the room and the scale of the project. A minor remodel of a small kitchen is the most affordable option, with costs ranging from $5,000 to $10,000. An upscale remodel of that same kitchen size could set you back $50,000, depending on the features and appliances you wish to add.
Expect cabinets to cost 30 percent of your remodeling budget. Labor and appliances are also significant expenses when renovating your home’s kitchen. Visit germankitchens.com to understand better what you can accomplish with your kitchen renovation budget.
The best approach is to find existing features in your kitchen that you can upgrade or spruce up. Sanding and painting your cabinets is an excellent way to save money and add to your new kitchen’s appearance.
Cost of Remodeling a Bathroom
Bathroom remodeling projects also carry a hefty price tag. The standard bathroom remodeling costs around $6,500, though a luxurious and upscale bathroom will cost you significantly more. Expect to spend upwards of $30,000 for the top-of-the-line beautiful bathroom in your home.
The areas that cost the most for your bathroom ideas are cabinets and shelving, with the shower and bathtub finishing second. The labor costs are also high, with 13 percent of your cost coming from paying the general contractor.
The size of your bathroom is a significant factor to consider. A total renovation for a 40-square-foot bathroom ranges between $2,800 and $10,000, depending on the fixtures and features you add.
Depending on your budget and remodeling plans, consider installing in-floor heating. It’s an efficient way to heat your bathroom during those frigid winter mornings. It’s a task that is much easier to handle when installing new flooring in your bathroom and will help you lower your electric bill.
Dive Into Kitchen and Bath Remodeling Today
Kitchen and bath remodeling are the go-to options for homeowners who want to upgrade their homes. You’ll need to plan your kitchen and bathroom ideas to know what to expect and fit them into your budget.
Your kitchen remodel could cost nearly $50,000, while a small bathroom remodel costs around $10,000. The most expensive part of your kitchen remodel is the cabinetry. Get creative with renovations to save money and design your dream home.
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