The idea of renovating your kitchen is exciting, to say the least. After all, you have been thinking of doing it for so long, right? But the excitement comes with a concern - how much will it cost?
When you talk to most homeowners considering a kitchen remodeling project, their primary concern is the cost. Understandably, kitchen remodeling is not cheap, and the cost varies greatly depending on various factors.
The average cost of a mid-range kitchen remodel in the Portland area is around $20,000 to $50,000, with an average return on investment of around 30%. That said, the size of the kitchen, the materials used, and the extent of the remodel all contribute toward the cost.
Before you start this renovation journey, you must know the ins and outs of the process in as much detail as possible to make the process go as smoothly as possible.
The absolute last thing you want is to go over budget or get a result you don't like.
In this article, we will explore the financial aspect of your kitchen remodel. We will talk at length about the factors affecting the overall cost and whether redoing your kitchen adds value to your home.
Factors influencing the cost of a kitchen remodel in Portland
It is tricky to calculate the price of a Portland kitchen remodel. Many assume that most of the budget goes toward new appliances and furniture.
Some others believe that it is the labor costs that inflate the budget of your kitchen remodeling project. While both assumptions are not entirely wrong, there is much more to a renovation project than just parts and labor.
Several factors play a crucial role in determining how much you will end up spending on your kitchen remodeling. Some of the most important ones are the size and layout of the kitchen, the materials and finishes you choose, labor costs, and the project timeline.
The size and layout of your kitchen
One of the most significant factors affecting your project's budget is your kitchen's size and layout. As you can imagine, renovating a more extensive Portland kitchen will require more materials and labor, increasing your budget significantly.
The costs will increase further if you decide to change the layout of your kitchen. Moving walls or changing the plumbing can significantly inflate your overall budget.
A significant reconstruction will undoubtedly cost more than a minor touch-up.
Materials and finishes
The quality of the materials used in the project will also determine the overall cost of the project. High-end materials such as custom cabinets, the latest appliances, or granite countertops will inflate expenses.
On the other hand, more affordable options such as laminate countertops and stock cabinets can help keep the project’s cost down.
Labor costs
Labor costs constitute a significant chunk of your overall budget for your Portland kitchen remodeling project. The labor cost of kitchen remodeling varies depending on the contractor, the project's complexity, and the skill level required.
For example, if you plan to change the layout of your kitchen, which requires moving walls or new plumbing, you need more skilled workers.
Needless to say, skilled workers are expensive and will add to the overall budget of your project.
Project timeline
The project's timeline influences the kitchen remodel cost in Portland. A longer timeline means more labor costs and money spent on temporary housing or dining out.
Additionally, if the project is delayed due to unforeseen circumstances or changes in the scope of the project, the cost increase even further.
Unplanned expenses
Even with careful planning and budgeting, unexpected expenses, such as water damage or structural issues, can arise. These expenses can quickly add up and significantly impact the project's overall cost.
What is the average cost of a kitchen remodel in Portland?
The answer to this question is much more complicated than you might think. It is like asking how much it costs to buy a car! It all "depends on what you want."
If you want minor cosmetic work done on your kitchen, it would be significantly cheaper than tearing it apart and changing the layout. Let’s understand the average kitchen remodel cost by categorizing it in the following way:
A cosmetic refresh ($30,000 to $50,000)
Mid-level kitchen remodel ($80,000 to $100,000)
Major custom kitchen remodel ($150,000 and above)
A cosmetic refresh of your kitchen is the least invasive of the three and adds more value to your home per dollar spent. It typically involves purely aesthetic refresh like repainting the existing cabinets, updating the fixtures, or installing laminate countertops.
A mid-level small kitchen remodel involves installing new cabinetry, fixtures, and countertops and replacing small appliances. In short, everything in your kitchen will be removed and replaced in this type of remodel. Such a project offers a good balance between cost and customizability.
A major custom kitchen remodel is the costliest and most invasive. Such projects also take longer to complete, allowing you to change your kitchen's layout. It involves knocking out walls, changing the plumbing, and installing custom hardwood flooring, tile backsplash, countertops, and cabinets.
Working with professionals like Westward Renovations makes budgeting easy for kitchen remodeling projects. Our professionals will help you get an accurate estimate and a realistic timeline for the completion of the project.
Cost breakdown of kitchen remodels in Portland
When spending tens of thousands of dollars on kitchen remodeling, you should know where all the money is going. It is easier to control the costs and keeps tabs on expenses when you know the cost breakdown.
Here is how your money is spent when remodeling your kitchen in Portland:
Cabinets
Replacing the cabinets is one of the most significant parts of a kitchen remodel cost. While their cost varies on the size of the kitchen, the materials used, and whether the cabinets are custom or stock, they make up 20-25% of your total budget.
Appliances
The cost of an appliance can vary greatly depending on what brand and type you choose. For instance, a basic cooking range will cost well below $1,000, but some advanced models cost several thousand dollars. You can expect about 10-15% of your budget to go on appliances.
Plumbing and electrical
You need plumbing and electric services if you plan to restructure your kitchen layout. It is safe to assume these services will take about 15% of your budget.
Finishing and detailing
Once the significant part of kitchen remodeling is done, the last thing to do is to finish and detail the project. It is labor-intensive and might take about 15% of your total budget.
General and administrative fees
It constitutes the charges you pay to a contractor or a firm you hired for the renovation project. It is about 10% of the total budget.
Miscellaneous expenses
Finally, you should also plan for a contingency budget to cover any unforeseen expenses or if the project scope changes. We strongly recommend a contingency budget of 10%-20% of the total project cost.
How much resale value does a Portland kitchen remodeling project add to the house?
One of the best things about kitchen remodeling is that it adds to the value of your home. According to the Cost Value Report from Remodel Magazine, a kitchen can add as much as 79.2% of the initial price tag of the project to the cost of your home.
To put it in dollar value, spending $100,000 on Portland kitchen remodeling will add almost $80,000 to your home equity.
Takeaway- Ready to turn your dream kitchen into reality?
A kitchen remodeling project requires careful consideration, whether you are performing minor touch-ups or starting from scratch with a new build.
Creating a beautiful and functional space while staying within your budget is possible with the right steps.
We strongly suggest you consider the immediate costs and the potential long-term benefits, such as increased home value and improved livability, while renovating your kitchen.
Working with professionals like Westward Renovation, setting a realistic budget, and prioritizing the most important elements of the renovation can make the process easy and fun.
Start your renovation journey by scheduling a free consultation with Westward Renovations’ experts today!
