Remodeling your kitchen is a great idea to update your home’s interior and enhance your home’s resale value. But before the transformation can begin, you’ll need to put together a budget for a dream kitchen remodel that won’t sink you financially.
Here, Four Star Interiors shares a quick guide on how to estimate the cost of a kitchen remodel in Las Vegas. You can also give us a call to talk about our interior design services!
Estimating The Average Cost of a Kitchen Remodel
According to data from HomeYou, the average kitchen remodel in Las Vegas for a small home can be up to a third less than for larger homes making similar upgrades. However, kitchen remodels are complex projects. So, several factors contribute to the average costs within your kitchen remodel budget, including the following:
The Project Scope Informs the Bottom Line
The main thing determining the project cost is the square footage of your kitchen and what you are going to change within the space. A project might be more expensive for a larger kitchen, but this is not always true. A small kitchen would be around 100 square feet and needs fewer cabinets, countertops, and flooring elements (the average kitchen is about 150 to 250 square feet).
Do you want to replace just your cabinets or countertops? The remodeling costs should be lower per square foot than if you wanted to remodel your entire kitchen and replace cabinets, countertops, flooring, appliances, and wall coverings.
The Kitchen Layout Has Endless Possibilities (and Cost Implications)
The final kitchen layout will also affect the project costs. For instance, the cost to design and build an open-shelving kitchen will be more than a traditional enclosed kitchen.
Changing the layout can also involve major alterations to things like floors and walls. For example, if you want to change a closed-plan kitchen to an open design, you may have to take out a wall or expand your floor space.
The Quality and Type of Materials and Other Elements Directly Affect the Budget
Elements and materials will make up a significant portion of the budget you have in mind. Consider the following hardware that will likely make up over half the cost:
- Floorboards
- Countertops
- Appliances
- Wallpaper
- Cabinets
- Kitchen island
- Stovetop
- Dishwasher and more
What material types do you prefer? Solid granite countertops will cost a lot more than wood or metal countertops. And natural wood cabinets could cost more than composite cabinet materials.
Choosing Upgrades or Updates Could Cost Slightly More Than Planned
The final consideration is whether there are any non-negotiable upgrades or updates you would like to make to your appliances in the kitchen. Each addition will add to your budget. For instance, if you want to switch from an electric to a gas stove but don’t already have an available gas line, installing one will be an additional cost.
If you want to fully electrify your kitchen or add extra appliances, you may also need to update your home’s electrical system to meet the capacity. A new fridge may also require an extra water line if it has a drink dispenser on it.
How to Calculate the Cost of a Kitchen Remodel
One popular method to estimate the cost of a kitchen remodel in Las Vegas would be to base the figure on your current property values. Experts recommend setting aside between 10% and 15% of your home’s market value to budget for kitchen remodeling. For instance, if your home has a current value of $300,000, you can feel confident about spending between $30,000 and $45,000 for your kitchen remodeling project.
As far as the cost for specific elements, cabinets and hardware take up the biggest share of your budget. If you aren’t sure about the most accurate cost breakdown when running through your new project’s budget, it might help to talk to a local professional like Four Star Interiors to get their take on things. For example, we might recommend allotting 30% to cabinets and hardware, 15% to appliances, 10% to countertops, and about 25% to plumbing, walls, flooring, and lighting.
Let’s assume your remodeling budget is $20,000. A typical budgetary breakdown for a Las Vegas kitchen remodel might then look something like this:
- Cabinets & Hardware: $6,000
- Appliances: $3,000
- Countertops: $2,000
- Walls, Plumbing, Floors, & Lighting: $5,000
- Other (Labor): $4,000
However, when planning your kitchen remodel, it’s important to consider unanticipated expenses as well. After calculating your estimated budget for a kitchen remodel, always add 5% to 10% to give you some flexibility. You don’t want to start on the project and end up running out of money.
Kitchen Remodel ROI
Now that you know the cost of a kitchen remodel in and around Las Vegas, you might be wondering whether the project is worth it. Fortunately, remodeling your kitchen is almost always a good idea from a financial standpoint.
According to data from Zillow, the national average ROI for a kitchen remodel typically comes in at about 65%. So, remodeling your kitchen is still one of the most cost-effective home improvements you can make—even beyond the benefits of improved landscaping, new paint, or finishing your basement.
With a realistic budget, remodeling your kitchen can be a smart idea if you are looking to sell your home in the near future. As the heart of the home, the kitchen is the one area that a homebuyer might base their purchasing decision or initial offer on, so it pays to get it right.
Kitchen Remodeling in Las Vegas
Has your current kitchen got character and charm, or could it do with a facelift? Four Star Interiors has over 20 years of experience in the custom cabinet and kitchen remodeling businesses. Our three-step design process can turn your dream home interior into a reality, and our customer service is unparalleled.
Calculating the cost of a kitchen remodel in Las Vegas is only one of the things you need to know—connect with Four Star Interiors online or call (702) 602-6143 today to learn more!
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