Kitchen renovations can be a significant investment. Fortunately, kitchen renovations also have a great return on investment. Remodeling’s cost vs. value report shows that a minor kitchen renovation can recover 72.2% of its cost at resale. That’s a significant ROI when you compare it to other home renovations.
Creating a budget is a critical first step for kitchen renovations in Calgary. Talee Renovations shares information on cost considerations for your kitchen remodel.
Consider your options for cabinetry
The kitchen cabinets are the most significant component of your renovation and will use up the largest share of the budget – about 30%. The most expensive option for cabinetry is a complete cabinet replacement with new cabinets. Custom cabinets are the most costly. The cost will go up depending on the linear footage of your cabinetry and any custom built-in features.
You can save a little with stock cabinetry if you’re not changing the layout and find stock cabinets you like. Or, if your cabinets are still in good shape, you can choose cost-effective cabinet refacing or refinishing instead of a total replacement. Cabinet refinishing, for example, can save between 50 to 70% compared to a cabinet replacement.
Consider labour costs
The cost of labour will also take up a sizeable chunk of your budget for kitchen renovations. Calgary homeowners can make cost-effective choices that can help reduce labour costs. For example, you can choose to keep your current kitchen layout instead of demolishing it and changing the floor plan. Once you start moving fixtures and appliances, you’ll need to spend more on plumbers, electricians, and gas fitters. Retrofitting and moving utilities are more labour intensive. Taking out walls or making structural changes are also labour-intensive jobs but worth it to some homeowners.
You’ll also have to consider labour costs for cabinet, flooring, tile, appliance, and plumbing installations. These installations will be included in your kitchen renovation plan and shown in detail in your estimate. If you have questions, connect with Talee Renovations.
Consider unforeseen costs
Every construction project, including kitchen renovations in Calgary, should have a contingency budget for unforeseen costs. For example, renovators might find water damage or mould during demolition that will require fixing first. Or, you might run into issues with material supply and have to choose a more expensive product. Adding 10 to 15% to your overall budget to cover these things will allow the process to run smoother.
Also, when renovating the kitchen, there might be permit costs. For example, you might need to obtain a permit for any structural changes, additions or bump-outs, and for changing or installing electrical, plumbing, or gas lines. These costs will be included in your detailed estimate and agreement when you work with Talee Renovations.
Talee Renovations is an experienced and reputable general contractor serving Calgary and surrounding areas. If you have questions about budgeting for a significant home renovation, they can help.