The budgets for kitchens can vary considerably based on project scope and material selections.
The 5% to 15% Rule can help you establish a reasonable starting point for your kitchen budget. The 5% to 15% Rule states:
The entire kitchen project (including cabinets, appliances, countertops, flooring, lighting, trim molding & wall coverings) should cost … no less than 5% and no more than 15% of the current value of your home … with approximately 50% of the total cost allocated for cabinets (including hardware, accessories and trim).
5% to 15% Rule – (Sample Kitchen Budgets)
|* The typical kitchen budget is 8% of the home value|
SAMPLE KITCHEN REMODEL ESTIMATE
Here is a sample kitchen remodel estimate and plan by a full service remodeling company. The project includes:
- Complete demolition and removal of existing kitchen (11′ x 12′)
- Installation of a new door and window
- Open wall to adjoining dining room and installing a beam
- New plumbing and electrical
- Insulation and plaster
- Hardwood flooring
- Full-overlay cabinets and solid counters
You can review the complete Estimate and Plan here:
The following table shows the costs breakdown for the estimate and plans detailed above.
Kitchen Remodel Cost Breakdown
|Planning and permits||1,014||2.4%|
|Site Work and demolition||2,168||5.2%|
|Drywall and plaster||1,323||3.2%|
|Cabinets, counters and trim||17,736||42.7%|
Cabinet and counter pricing represent the biggest variable in the cost breakdown. All kitchen projects have unique scope and construction challenges that will affect pricing. The size and organization of the construction team you use for the project will also be a key factor in the price of your new kitchen.