As the temperature drops and fall weather starts to arrive in the Mid-South area of the Memphis metro area, Mississippi, and Arkansas, many people are starting to spend more time indoors. This is a great time of year to curl up in a favorite armchair or to enjoy a great meal with family and friends—those common spaces of the home, especially the kitchen, are starting to become in high demand and The Tub Pros helps make the kitchen- the heart of the home.
It’s also a great time of year to remodel those spaces. With summer vacations a thing of the past and holiday trips not yet in the immediate future, there’s time to think about how spaces are working for your family and how they could be improved.
When it comes to renovations, there are lots of costs—labor, materials, styles, design—though the one that’s at the top of most priority lists is budget. A renovation can get expensive fast, but doesn’t have to break the bank—and can reap huge rewards in home value. Here, we’ll break down the costs of a 2022 home remodel, and let you know how The Tub Pros will keep renovations costs low.
What does a kitchen remodel cost?
The short answer: it depends. The long answer? Let’s break it down.
Any home project will depend on your home and the particulars of your project. Someone who wants to completely restructure their kitchen, take down walls, and move appliance locations, will have much higher costs than someone who does not want to move the location of a stove, dishwasher and sink. But instead wants fresh paint, new sink and countertops, and cabinet refacing or hardware on their cabinets. And it depends on the area you live in, too—a remodel here in the Mid-South area will likely be less expensive than one in California or New York City.
That’s why kitchen remodel costs vary widely—from about $13,388 at the lowest end of a budget remodel to $40,000 for a high-end design. In some cases, with luxury remodels, the cost can go even higher, up to $60,000. But on average, that comes out to about $25,656 that a person will spend on a kitchen remodel — no small amount of money, and one that you’ll want to make sure is worth it.
What are the biggest expenses in a kitchen remodel?
Labor and installation are often some of the biggest expenses in any home project. The expertise and time that it takes to properly do a kitchen remodel comes with a price tag, as does the demolition of existing fixtures that need to be removed. The costs of labor and installation often account for about 15-20% of any remodel budget.
Appliances and cabinets can also be expensive. While the brand name and type of appliance will determine the cost, buying new ones will be expensive. Cabinets will also be expensive, especially in a kitchen with lots of square footage and room for cabinets and specialized drawers. And any work like plumbing or wiring will easily require a large part of your budget—this will often require licensed contractors who can ensure that the work is done up to code and safe for your family.
Countertops, depending on the type, can be expensive, too. That’s why many people may choose a budget friendly material, like laminate, or opt for faux-granite surfaces, or refinish the existing countertops. This can give the look and feel of a new surface—while repairing any chips, cracks, or other damage—without the price of demolition, removal, and new materials. That means that if your countertops are a big part of the reason you’re considering a remodel, you may only need a smaller scale change—for example, if you’re wondering how to revitalize Corian countertops, refinishing might be the option for you. These are all services offered by The Tub Pros and just one of the ways to save money on a kitchen reno.
Then there are smaller costs—like paint, hardware, and décor. Kitchen color trends for 2022 offer lots of options, but are also similar in that the styling that’s popular, while not free, will likely be less expensive than a full demolition renovation. This is something to keep in mind when planning your reno budget.
How does a remodel impact home value?
A kitchen is one of the first things a potential buyer looks at, so it is no surprise kitchen remodels can have a huge impact on home value. In fact, they usually recoup about 65% – 75% of their costs—so a remodel costing about $80,000 would increase the home’s value by about $45,000—no small amount of money. As long as the overall neighborhood home value can uphold the improved home dollar value.
Even if you aren’t planning to sell your home anytime soon, you might get the “warm fuzzies” and just feel the increase in value while living in the home. In fact, the National Association of Realtors even has a term for this feeling—the Joy Score. A score of 10 indicates the maximum increase in enjoyment and “warm fuzzies” after a renovation. Those who just completed a kitchen renovation usually experienced a Joy Score of 9.8 on average. As you live in a home that works well for you and your family, and that looks great, you’ll likely be happier and enjoy the time you spend there more—a priceless investment.
How can The Tub Pros help me?
One of the main reasons that people start kitchen renovations is because their surfaces are worn or dated. So if you’re wondering “where can I find Corian countertop repair near me?”, how to update faux granite countertops, or how to get new-looking sinks, counters, and tiles for a fraction of the cost of a full remodel? Simply call, The Tub Pros, we’re glad to be the leading refinishing provider in the Mid-South. Our process is quick—only a few hours of work plus a few more hours for the new coating on the surface to set—and done by our highly-trained team, with a written warranty to give you peace of mind.
Best of all? You’ll have surfaces that look and work like new for a fraction of the cost of a full remodel. Whether this means, you will have more of your budget to be able to devote to dream appliances that are part of your kitchen remodel ideas or simply a refreshed space that is done on budget that doesn’t break the bank; we’re here to help our valued customers.
Ready to get started? Want a Free Project Quote? Call The Tub Pros (901) 871-8827 or use our online contact tool to take the first step on your kitchen renovation project today.
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