What’s involved in a custom kitchen remodeling project? What elements are involved and how much can you expect to pay for a complete remodel? Of course, Inspired Remodels, like every other custom kitchen remodeler, tells everyone that costs vary based on your situation. But based on Forbes research, here’s what you can expect.
Cabinets
When it comes to budget, new cabinets consume a big chunk. Figure that your cabinets will take about 29% of the budget according to Forbes.
It might be tempting to shave a few dollars here, but cabinetry endures. Good cabinets may be refinished or painted over the years. So, when you figure cabinets last 20 years or more, it makes sense their cost is higher.
Labor
Those cabinets, floors, backsplashes, lighting, and appliances won’t install themselves. Expect to pay for installation labor in addition to the materials. That only makes sense.
When a licensed general contractor completes your custom kitchen remodeling project, those labor costs include the cost of the actual work plus the overhead associated with labor. This includes worker’s compensation insurance, Social Security, Medicare, etc. Don’t gripe – that’s all for your benefit.
Let an unlicensed contractor without worker’s compensation on your property and if something goes wrong, you are responsible for medical bills associated with any on-the-job injuries.
Forbes research shows labor is about 17% of the total cost.
Appliances
New appliances can run from several thousand to tens of thousands, depending on your taste. A cheap oven (who wants that?) can be as low as $400 but a Wolf all gas range can cost $4300 or more. Same applies to your refrigerator and dishwasher. A basic dishwasher clocks in at $300 but a Miele will cost $1,300 or more.
Appliances last, and the more you pay generally the higher quality you expect. Appliances don’t last as long as cabinets, so they consume less of the budget. Forbes research finds that all new appliances are about 14% of the budget.
Countertops
The remaining double-digit percentage of the budget comes from your countertop selection. Figure about 10% of the budget will be spent on the countertops.
On the low end, ceramic tile countertops can cost as little as $10 to $30 per square foot. On the other end of the spectrum, marble runs $60 to $200 per square foot. In between is your butcher block, composite, granite, and quartz.
All the Rest
The remainder of the budget will go to flooring, backsplashes, lighting, sheetrock, hardware, and faucets. If your custom kitchen remodel includes new windows and doors, expect to pay more than the average cost.
So, what do you recoup in value? The national average return on investment for a custom kitchen remodel is 52% to 71%. The greater the overhaul, the lower the ROI. That’s because the more you spend, the less you get back. In other words, a complete redo that changes the floor plan and moves doors and windows generates a lower ROI than an update that replaces cabinets, appliances, and countertops.
Custom Kitchen Remodeling Pros
Ready to talk turkey about a kitchen remodel? Make an appointment with the pros at Inspired Remodels. Orange County brings their remodeling inspiration to Jason and Joe Mueller and then watches as this brotherly duo brings them to life.
Schedule a consultation today.
