When we start talking to a new client about a kitchen remodeling project, one of the first questions is, “How much does it cost to remodel a kitchen?” As a homeowner, confirming that your budget will suit the kitchen you're after during the planning process is important.
The cost of a kitchen remodel in 2024 depends on your choices and remodeling goals. This blog will break down examples of three different types of kitchen remodels: minor, major, and upscale. As remodeling contractors in South Bend, we have used figures specific to the kitchen renovation cost in South Bend. These examples are a great reference point for your budget and planning. They include a standardized plan and use pricing consensus over many remodeling professionals. Make sure you take into account that each kitchen is unique, and you won't have a realistic budget for your kitchen remodeling project until your contractor knows about your plan and your existing kitchen.
Minor Kitchen Remodel Cost
Average Cost: $39,599
- This is what you can expect to pay for the services provided. This does not include appliances.
Average Resale: $23,111
Average ROI: 58.3%
A minor kitchen remodel costs the least because it does not require the same level of redesign. This project is ideal for homeowners who have a kitchen layout they like that suits them well but looks a little dated. This is not necessarily the cost to remodel a small kitchen but rather a focus on making focused upgrades that add the most value. The cost to move appliances significantly impacts your kitchen remodeling price, so this plan leaves your appliances located in the same spot. If you completed your last kitchen upgrade about 10 years ago and you are happy with the layout, a minor remodel may be a good project to consider.
Given the lower cost, remodeling at this level is mostly confined to the surface. Because the cost to replace kitchen cabinets is often the most significant remodeling expense, the project involves new cabinet doors and pulls in a current style and color. As part of the project, you will get a new sink, faucet, and resilient flooring. This price point allows for new laminate countertops but nothing higher-end. If you want a stone or concrete countertop, you can expect to pay more.
Major Kitchen Remodel Cost
Average Cost: $81,216
- This is what you can expect to pay for the services provided. This does not include appliances.
Average Resale: $30,000
Average ROI: 37%
For a major kitchen remodel, the phrase you might be looking for is “clean slate.” Most homeowners find that they need to consider a major upgrade every 15 to 25 years, depending on the quality of the kitchen they had in the first place. If you would like a functional, modern kitchen with durable but modestly-priced materials, this price range gives you a close target.
In the middle of the range for this project, you get a fairly significant layout redesign, and everything but the walls are new. The goal is a complete refresh, but the choice of materials remains moderate. You can expect a new island, with cabinetry that is semi-custom and comes in a current design. New, built-in appliances give a seamless look to the kitchen. Laminate countertops and vinyl flooring complete the package.
Upscale Major Kitchen Remodel Cost
Average Cost: $155,687
- This is what you can expect to pay for the services provided. This does not include appliances.
Average Resale: $48,889
Average ROI: 31.4%
For some homeowners, remodeling the kitchen is an investment in everyday life. If you spend a lot of time in the kitchen, the material choices matter significantly. Sometimes, your regular kitchen upgrade involves changing the room's dimensions to suit your modern life. You might choose this project if your kitchen is hopelessly small and outdated or simply does not meet your needs anymore.
An upscale remodel involves a complete renovation of the space but opts for high-end materials whenever possible. Within this price range, you get stone countertops, tile flooring, and a commercial-quality range with a custom vent hood. Even the cabinetry is top-of-the-line and offers convenient features like built-in shelves and drawers.
Which Factors Determine Remodeling ROI?
The average return on investment for any home improvement project varies, just like the cost. ROI depends on a variety of factors, such as:
- Current home value
- Average home values in your neighborhood
- Age and condition of your current kitchen
- Homebuyer preferences in your area
These figures can change significantly from one year to the next. If you have an older home surrounded by much more current houses, your ROI on a major project might be better than you anticipate. As such, average ROI can be useful in helping you make a choice, but it should not be the only one.
Is It Worth It to remodel my kitchen?
It can be too easy to let costs overwhelm you, particularly if you know you need to make a big change in your kitchen. As a homeowner, you are not just making an investment in your home’s future resale value. You are putting money into your home so that it will help you achieve your goals:
- Make cooking and food preparation simpler or more enjoyable
- Create a space to spend time with family
- Provide room to host family and friends
Make sure you talk about these goals with your contractor before you remodel. Few people finish unhappy when they get the kitchen of their dreams. With how a new kitchen dramatically improves their lives, many homeowners wish they had made the investment much sooner.
Get Started On Your Kitchen Remodel Today
To get a kitchen that solves your problems and makes you happier, you need an expert in kitchen remodeling like Peacock & Company. If you are ready to learn more or talk to a professional about your kitchen remodeling project, schedule a free initial consultation today.
∗ (The figures and examples above are taken from the Remodeling 2024 Cost vs. Value Report [www.costvsvalue.com] in South Bend, IN. © 2023 Hanley Wood Media Inc. The Peacock & Company team reviewed the numbers and descriptions to ensure they aligned with similar projects we've completed. You can download the complete data from the Remodeling 2024 Cost vs. Value Report free of charge at www.costvsvalue.com.)
