How Much Does it Cost to Remodel a Kitchen?

What are the costs involved in a kitchen remodel?

The cost of a kitchen remodel can vary greatly depending on the extent of the renovation, the materials used, and your geographical location. Here are some typical costs involved in a kitchen remodel:

• Cabinets: Cabinets are one of the most significant expenses in a kitchen remodel. High-end custom cabinets can cost between $500-$1200 per linear foot, while stock or semi-custom cabinets can be more affordable, ranging from $160-$380 per linear foot.
• Countertops: Countertop materials such as granite, marble, or quartz can also be a significant expense, ranging from $40 to $250 per square foot.
• Appliances: If you want to upgrade your appliances, this can add a few thousand to tens of thousands of dollars, depending on the quality and quantity of appliances you choose. Some retailers can offer financing specifically for appliances.
• Flooring: The cost of flooring can vary depending on the material used, with options ranging from vinyl or laminate at a few dollars per square foot to hardwood or tile, which can cost an average of about $11 per square foot.
• Lighting: Installing new lighting fixtures or rewiring for additional lighting can add a few hundred to several thousand dollars to your kitchen remodel budget.
• Labor: Finally, you will need to factor in the cost of labor for installation, which can vary depending on your location and the complexity of the project. Labor costs can range from a few thousand to tens of thousands of dollars.

Once you have an accurate estimate of your kitchen remodel costs, whether you plan to DIY or hire a professional you can check offers at Acorn Finance.

How much does home value increase by remodeling a kitchen?

How much your home's value increases by remodeling your kitchen will vary based on how much you spend and what type of renovations are done. Obviously with larger renovations, higher quality materials, etc., your home's value can increase more - but if you're wondering about adding value because you're looking to sell, let's talk about your return on investment, or ROI.

You may be surprised to learn that minor upgrades with mid-range fixtures will yield an average of a 77.6% ROI, while a large, upscale kitchen remodel may yield closer to 53.9%.

Should you get a home improvement loan for a kitchen remodel?

If you're like most people, you're wondering how you'll be able to afford a kitchen remodel. A home improvement loan can help homeowners afford home improvements while maintaining a healthy savings. Consider your personal financial situation to determine if a home improvement loan for a kitchen remodel is right for you.

Here are some benefits to acquiring a home improvement loan for your kitchen remodel:

• No collateral. Home improvement loans do not require you to put up any of your assets in order to obtain financing, meaning your home is not at risk.
• Fast funding. You can obtain access to your funds as soon as 1-2 business days, although funding times can vary.
• Lower interest rates vs. a credit card. Typically, with decent credit, the interest rates will be lower on a home improvement loan than they are on most credit cards. If you opt for a secured home improvement loan, rates can be even lower.

If you're considering a home improvement loan for your new kitchen remodel, Acorn Finance is here to help you unlock competitive offers. Our platform connects homeowners to top national lenders that can offer home improvement loans up to $100,000 with no credit impact. Ready to compete for your business, our lending partners are competitive and legitimate. Find the home improvement loan that makes sense for you and invest more valuable time executing your kitchen remodel.