The National Kitchen and Bath Association recommends spending no more than 10%–15% of your home's total value on a kitchen renovation. This amounts to no more than $30,000–$45,000 for a $300,000 home.
What is the biggest expense in a kitchen remodel?
Part of determining that price of your kitchen remodel is the extent of your makeover. Your biggest cost investment for a kitchen remodel will usually be cabinets, which typically eat up 25 percent of your budget.
How often should a kitchen be renovated?
Every 10 to 15 years
Kitchens are often one of the most heavily used rooms in the home with the average person entering the kitchen 2 to 3 times a day. Because of this, some experts recommend that you should renovate your kitchen every 10 to 15 years. There are certain circumstances where you may want to renovate sooner rather than later.
What percentage of a kitchen remodel should be labor?
Know how the costs will break down.
Labor will consume anywhere from 20 to 35 percent of your project costs. Cabinets can also devour a big chunk of your kitchen remodel budget.
What is a realistic budget for a kitchen?
The average cost to remodel a kitchen is about $12,000 to $60,500, which includes materials, fixtures and labor. This cost range covers small, medium and large or major remodels.
How do I figure out my kitchen remodel budget?
Experts say that, as a rule of thumb, plan to spend between 5% to 15% of your home value on a kitchen renovation.