The Cost Of Kitchen Renovations

By: SHAN JAFFREY

The Cost Of Kitchen Renovations

Tags: Kitchen Renovations, Cost of Renovations. increase value, investment, real estate,

I was recently asked that question by a client and I gave them a rough estimate. I then realized that I have been quoting the same amount for a couple of years now. So, I did some research and found out what it would cost to do a kitchen renovation today. I did the research so you don’t have to. You’re welcome.

Ten years ago you could get a very basic kitchen done for about $10,000. Laminate countertops, Fibrewood cabinets, basic faucet, basic white appliances, etc. But who gets a basic kitchen made these days, and also that is an old quote. Maybe if you’re getting one done in a rental property that you’re renting out, but that’s not for your use and, again, that is an old quote.

Today, the average Canadian family spends about $20,000 on a kitchen renovation. This would include tiled floors, wooden cabinets, stone countertop, stainless steel appliances etc. And it can get as fancy as you’d like. Move up to top of the line stuff and you’re easily looking at $50,000. Do remember to keep an extra 20%-25% for your renovations. Unexpected problems may surface and you’ll need the extra cash to take care that if that happens.