Understanding Kitchen Renovation Costs Will Help You Get the Best Return on Investment

How much does a kitchen renovation cost in Edmonton? A local renovation contractor shares a cost breakdown.

EDMONTON, AB / ACCESSWIRE / July 1, 2022 / Kitchen renovations are popular and for good reasons. Kitchens are considered the heart of the home. Because of this, a modern and functional kitchen is sought after by homeowners and home buyers. In addition, a quality kitchen renovation can improve resale value and marketability.

Remodeling Magazine's recent cost vs. value data shows that a minor kitchen remodel can recover 72.2% of its cost. That is a high return on investment, especially compared to other interior renovations on the list.

"Understanding key factors that can determine the cost of your kitchen renovation will help you renovate within budget and ensure you get a good return for your renovation dollars," said Moe Saghir, Founder and Managing Director of Kay 2 Contracting.

Of course, the renovation's size and scope and the materials you choose will impact the cost of your kitchen renovations in Edmonton. However, available data provide some cost breakdowns, which is an excellent place to start preparing your budget.

For example, The National Kitchen & Bath Association recommends that homeowners put about 20% of the home's value into a kitchen renovation budget. You should also add 10-25% of that costs as a contingency fund. This cushion in the budget will take care of any mid-project changes or unexpected issues.

Kitchen renovations have several elements and factors that affect the final cost. The average price of a complete kitchen renovation is between $70,000 to $80,000. However, if you are keeping elements or refinishing the cabinets, it can cost around $25,000 to $30,000 instead. For minor cosmetic renovations, it can range in the hundreds, like changing light fixtures or hardware.

"For the most accurate estimate on your kitchen renovation, we recommend contacting us for a thorough consultation. We can learn more about your project, goals, and space and provide an estimate for a kitchen renovation that will meet your needs," said Saghir.

Learn more in Kay 2 Contracting's guide: How much does a kitchen renovation cost in Edmonton?

Kay 2 Contracting has nearly two decades of experience in residential construction and renovations and serves Edmonton, Calgary, and surrounding areas. They offer complete design services, interior and exterior renovations, and new home construction. Kay 2 Contracting strives to deliver products and services of exceptional quality that add value to your property in the long term. They are also listed as THE 10 BEST KITCHEN REMODEL CONTRACTORS IN EDMONTON

Contact Info:
Name: Moe Saghir
Email: office@kay2.ca
Organization: KAY 2 CONTRACTING
Website: https://kay2.ca/

SOURCE: KAY 2 CONTRACTING