What Will It Cost To Remodel A Kitchen In 2022?
You might be wondering how much a kitchen remodel will cost in 2022. Based on national averages, for a typical, medium-sized space (120 sqft), a full, rip-and-replace kitchen remodel will range from $21,000 to $84,000 and up, depending on finishes. All materials, labor, overhead, and a standard general contractor margin are included in this estimate
Differences in Types of Kitchen Remodeling Projects
kitchen remodeling projects can be broadly categorized into three different types: full kitchen remodels, partial kitchen remodels, and minor kitchen remodels.
-Full kitchen remodels are the most extensive and involve gutting the entire space and starting from scratch with new layouts, appliances, cabinets, countertops, flooring, and fixtures.
-Partial kitchen remodels are smaller projects that may require some demolition but not to the extent of a full kitchen remodel. Updating cabinetry, adding or removing an island, installing new countertops or floors, or upgrading appliances are examples of such projects.
-Minor kitchen remodeling projects are typically cosmetic updates that don’t require any structural changes to the space. These could include painting cabinets, installing new hardware, backsplash tile work, or lighting fixtures.
The cost of a kitchen remodel will vary depending on the scope of the project. In general, full kitchen remodels are the most expensive because they require the most work and materials. Partial kitchen remodels are typically in the middle of the price range, whereas minor updates are more cost-effective. That being said, there are ways to save money on all types of kitchen remodeling projects – it just takes a little creativity and resourcefulness!
The Average Cost of a Complete Kitchen Renovation
According to Remodeling magazine’s 2020 Cost vs. Value report, the average cost of a full, rip-and-replace kitchen remodel is $19,588. This cost includes new major appliances, cabinets, countertops, flooring, and painting.
If you intend to sell your home in the near future, keep in mind that this figure represents a return on investment of only 58.6%. In other words, if you sell your home soon after finishing a kitchen remodel, you can expect to recoup just over half of your investment.
Of course, if you intend to stay in your home for a long time, the value of your kitchen remodel will far outweigh its resale value. A new kitchen can improve the comfort and enjoyment of your home, which is priceless.
