Crafting Your Dream Kitchen: A Complete Kitchen Renovation Budget Breakdown

Your dream kitchen may feel limitless, but sticking to a remodel budget is essential for most homeowners. Every cabinetry project, whether for a new build or a renovation, varies in scope and cost. A kitchen renovation budget breakdown ensures financial peace of mind and helps prevent unexpected costs as you go through your project. Here’s a practical guide to help you set up your kitchen and bathroom renovation plans effectively.

Setting a Realistic Budget

When planning a renovation, aim to keep your budget within 15% of your home’s market value to ensure the investment aligns well with your property.

Setting aside a 10% contingency can be a helpful cushion for any surprise costs that come up along the way.

Being aware of all aspects involved in a cabinetry renovation—and budgeting for each—can help you make well-informed decisions, avoiding last-minute surprises. Prioritize the essentials and distinguish them from the “nice-to-haves.” Investing in quality cabinetry can be worthwhile, as a slightly higher upfront cost often leads to greater longevity compared to budget alternatives.

Kitchen Renovation Budget Breakdown

Homeowners often wonder how to allocate their kitchen or bathroom renovation funds. Here’s a general breakdown suggested by the National Kitchen and Bath Association (NKBA) for budgeting:

  • Cabinetry and Hardware: 29%
  • Installation: 17%
  • Appliances and Ventilation: 14%
  • Countertops: 10%
  • Flooring: 7%
  • Lighting: 5%
  • Walls and Ceilings: 5%
  • Doors and Windows: 4%
  • Sinks, Faucets, and Plumbing: 4%
  • Design Fees: 4%
  • Other: 1%

With kitchens and bathrooms being the most expensive rooms in a house to renovate, it’s wise to allocate funds carefully, as these spaces also add significant resale value to your home.

Working with Professionals

Partnering with experienced professionals for design and installation can simplify your project, helping you save both time and money. Their expertise guides you in finding options that match your style, functional needs, and budget. With skilled craftsmanship and thoughtful advice, they can elevate your project to a truly outstanding result.

Quality Cabinetry with Merit Kitchens

At Merit Kitchens, we offer high-end cabinetry that balances quality and value. Our extensive selection of door styles, materials, and finishes perfectly match any taste or budget. Visit our flagship showroom located in Calgary, Alberta, to start planning your next build or renovation with budget-optimizing solutions in mind.

Creating a well-thought-out budget and planning a detailed kitchen renovation budget breakdown can help ease financial stress and ensure your space aligns with your style, needs, and investment goals. Embrace the process, and enjoy creating your dream kitchen or bathroom!