Kitchen and Bathroom Remodels: Budgeting Basics
The cost of any kitchen or bathroom remodel will depend on the size of the project and the materials you use. But knowing how much others paid—and having a few rules of thumb to follow – can go a long way in helping you create a workable budget for your project!
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How much can you expect to pay?
On average, homeowners report paying the following prices for kitchen- and bath-related projects nationwide, according to the Angie’s List Pricing Guide:
Remodel $10,303 Bathroom
Remodel $11,113 Hire a Kitchen
Designer $189 Install an
Appliance $245 Install a
Faucet $306 Hire a
Plumber $4,904 Install
Cabinets $2,909 Install
Countertops $2,887 Install
Flooring $3,531 Install a
Shower $3,101 Install a
Bathtub $317 Hire an
How much should you budget?
For kitchen cabinets: 29% of your total budget
For extras: 15-30% over your total budget.
How much can you expect in return?
According to the Remodeling 2019 Cost vs. Value report (www.costvsvalue.com), mid-range to high-end kitchen and bath remodels tend to retain around 60 percent of their value at resale.
Higher-end bathroom and kitchen remodels can easily cost $50,000 to $100,000 or more.