Kitchen has become an important part of the house regardless of the size and design. It is common sense that you want to renovate and improve the kitchen. Everyone deserves a comfortable and neat place for cooking, after all. So, how much is the cost of a complete kitchen remodel?
In this article, you can read the information regarding the estimation of the project. Not to mention you can find various methods to fund it! Thus, everyone can finish this project easily regardless of the experience.
A complete kitchen remodels usually costs around $150 per square foot. That means you need to spend around $25,077. It can be more or less depending on the size or space of the kitchen, as well. Most people would prepare a budget of around $15,000 to $35,000 for this project.
Aside from the size of the room, you must also consider the quality of the materials! Another important consideration is whether you are going to change the kitchen layout or not. That means you need to prepare more money for that extra.
To reduce the cost, you can conduct a smaller project. The required budget is usually around $10,000 and 20,000. These include replacing cabinets, painting walls, installing tiles, and upgrading the sink.
If you spend more than 30,000, you can have more renovations like the custom cabinet installation, granite counters, hardwood floors, and modern high-end kitchen appliances.
Why Do You Need to Remodel the Kitchen?
As mentioned earlier, a kitchen has become an integral part of the house. It serves as the heart of the home where you prepare meals and gather with families. Renovating and upgrading the kitchen will give you lots of benefits. These include better comfort, appearance, and value.
Funding the Project
If you want to do the project right now, you need to find options to fund the job. Finishing the project would be easy if you have lots of cash. On the other hand, some people would use personal loans and borrow some money to fund the project. They are not afraid of the interest rate, as long as they can repay the loans.
If you are interested to use personal loans, you need to understand the system. The fixed monthly payment is a must. This requirement is easy, so you can create a plan and budget without risking everything.
Considering the cost of a kitchen remodel, you may wonder how much money you can get from the loans. Well, most loan companies would lend you only up to $40,000. As for the rate, the lowest one is around 4 percent. You can get the best terms and rates if you have an excellent credit score! So, you should not be late for repaying the loans to maintain that good score.
Without improvement, a kitchen would have a boring and uncomfortable ambiance. However, performing a complete kitchen remodel requires many considerations. These include the average cost of the project. As for the funding, you can use either cash or personal loans. It all depends on your financial condition.