Last week I shared the cost of the Greystone kitchen remodel in a reel on Instagram, and quite a few people were surprised by the number.
Did you know the average cost of a kitchen remodel in US is $26,000, with the range being $15,000 to $40,000? High-end, luxury kitchen remodels can run upwards of $175,000 and into millions. Once you understand national averages, you realize that spending $24,000+ on the Greystone kitchen is actually quite remarkable, considering its bigger-than-average size and the high-end materials we used.
With the Greystone House being an investment property, we had a unique challenge in our hands. We wanted to take high-end design and bring it to a level that made financial sense for us as investors without losing any of the beauty and functionality.
Kitchen remodel costs can vary quite a bit, depending on your location, kitchen size, materials and whether you hire out the labor or DIY. Granted, most homeowners are looking for ways to save on a kitchen remodel. One of the best ways to prepare for such a project is by setting a budget – and with that comes a lot of research. Researching and setting a budget helps set realistic expectations and ultimately to determine where your money will be best spent.
DIYing certain aspects is another way to save costs. Labor costs account for approximately a third of kitchen remodel costs. If you have the time, tools and knowledge, tackling some of the projects yourself certainly helps stretch the budget further.
Below are 10 more ways we save on kitchen remodels.
- Align appliance purchases with sales and promotions at Lowe’s and Home Depot.
- Choose ready-to-assemble or already assembled cabinet options rather than custom cabinetry.
- Choose open shelving where functional.
- Experiment with inexpensive backsplashes, such as beadboard.
- Doing some of the labor ourselves,
- Shop liquidation and warehouse sales for building materials,
- Use materials leftover from previous projects,
- Sell old materials,
- Keep existing footprint,
- Partnering with brands I love.
A little more elaboration on the last point: Although part of my job is working with brands I love, we still pay for the majority of our projects out of pocket. We always go into a renovation expecting to pay for the entire thing ourselves – that way we budget accordingly. After that, any contracts I sign for sponsored content is an added bonus.
As for point number 6, I have a post coming up soon that’ll be all about places we shop for good deals on building and home improvement materials. Stay tuned for that! As always, if you have any questions, leave them in the comment section below, and I’ll be happy to help!