According to the Department of Housing and Urban Development American Housing Survey, the median age of an owner-occupied home in the United States was 35 years in 2011, and it’s even older now. With few new homes being built post-recession, the chances are good that the home you buy is in need of some major renovations.
For most homebuyers, the most important room is the kitchen, the heart and soul of any home. But if your kitchen is from another generation, it might not meet your needs. It may be closed off the way kitchens were in the 1950s or have outmoded cabinets, drawers and appliances that don’t function as well as today’s products.
Obviously, the quality of materials you choose will make a big difference to the amount you spend. The cost of living impacts labor, and you could find yourself paying quite a bit if you make changes to the footprint of the kitchen like relocating the sink or range and tearing out walls. Change orders for the contractor can also drive up costs.
So what will you pay to renovate your kitchen? Cost estimates are all over the place.
HomeAdvisor estimates that the average cost to remodel a kitchen is $20,000, with most homeowners spending between $10,630 and $30,000. Houzz says the average is about $25,000, but that figure includes do-it-yourself kitchens as well as those that used kitchen designers.
The best way to determine the cost of remodeling your new home’s kitchen is to decide whether the changes you want to make are mostly cosmetic or structural. Then decide if you want to DIY or hire professionals. You can certainly paint, install new tile and countertops, and buy new appliances, but if you want to improve the functionality or size of the kitchen or move any plumbing or electrical, you should hire a kitchen designer for best results.
Don’t avoid buying a home you love because it needs renovations. Chances are good that you’re going to get the home at a discount because it needs updates. This is your opportunity to make the home your own.
For the full article, please visit: http://realtytimes.com/consumeradvice/homeownersadvice1/item/34671-20150501-how-much-does-it-cost-to-renovate-a-kitchen
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