If you’re considering a kitchen renovation, your primary concern is probably cost. You want to set a realistic budget. So, how much does a kitchen renovation cost in Okotoks? The answer to that question depends on many factors.
10 Factors that Affect the Cost of a Kitchen Renovation
To help you accurately estimate the cost of a kitchen renovation, let’s look at the key factors that determine the final price.
1. Home Value
Experts recommend spending between 10-15% of the market value of your Okotoks home on your kitchen renovation. This ensures a better return on your investment. If you spend too much, it might not increase the resale value of your home enough to recover your costs.
2. Location
The location of your home impacts many of your renovation expenses. Labour costs vary from one province or city to another. Shipping and material costs vary based on your location. For example, some contractors from outside Okotoks might charge a premium to cover their travel costs and time.
3. Size
The larger your kitchen, the higher the cost. Twenty cabinets cost more than ten cabinets. Many materials (like flooring, for example) are priced per square foot, so size matters. Even the height of your ceiling can affect the price.
4. Degree of Change
The extent of the renovation significantly affects the price. Changing the floor plan may require additional plumbing and electrical work, for example. A renovation that retains the existing floor plan and kitchen layout will cost significantly less than one that reconfigures the flooring, walls, windows, or doors. However, if the current layout isn’t functional, the additional cost is worthwhile to improve your quality of life and increase the market value of your home.
5. Appliances
Standard kitchen appliances cost less than high-end, commercial-grade appliances. If you choose extra appliances, like a separate full-size freezer, wine cooler, or garbage disposal, you’ll pay more than the standard appliance package.
6. Cabinets
New kitchen cabinets account for a large portion of your renovation budget. Several factors determine the cost of cabinets, including the type (stock vs. custom), quality, quantity, style, and features you choose.
7. Countertops
The material you choose for your countertops is the main factor that affects the price. Granite countertops cost significantly more than laminate countertops, for example. The size of your countertops affects the cost too. Find out How to Choose the Best Countertop for Your Kitchen.
8. Lighting
Most standard light fixtures won’t vary much in cost. If you decide to upgrade your lighting to smart lighting, variable colour-temperature lighting, or designer fixtures, you’ll pay significantly more. Find out How to Choose the Best Lighting for Your Kitchen.
9. Hardware
You get what you pay for with kitchen hardware. Cheap knobs and pulls look cheap and wear out quicker. A simple way to upgrade the look of your kitchen and improve its durability is by paying a little more for kitchen hardware. The amount of knobs and pulls you require, the size, style, and materials will also affect the cost. Find out How to Choose the Right Kitchen Cabinet Hardware.
10. Project management
A poorly managed kitchen renovation can be painfully expensive. For example, if contractors are scheduled before materials arrive, you waste money paying them for the time they spent coming to your house before it’s ready for them. It pays to hire an experienced renovation project manager to ensure a more efficient and cost-effective kitchen renovation.
What’s the average cost of a kitchen renovation in Okotoks in 2023?
Even though the cost of your kitchen renovation depends on many factors, you may not know all the specifics at this point. Yet, we understand you need a ballpark number to begin the planning process. To give you an idea of the current average cost of a kitchen renovation in Okotoks, here are a few examples.
Basic Kitchen Renovation—Lowest Price
A low-scale kitchen renovation in Okotoks typically ranges between $15,500–$32,000. This is a good option if you don’t need to change the layout of your kitchen, but want to update the look and improve the functionality. A renovation on this scale might include:
- New laminate flooring
- New countertops
- New hardware (knobs and pulls), sink, and faucet
- A fresh coat of paint on the walls and ceiling
- New light fixtures
- Melamine cabinet doors and drawer fronts
- No extra features
A basic kitchen renovation like this is a budget-friendly solution that can increase your home value and your enjoyment of the kitchen without breaking the bank.
Mid-Range Kitchen Renovation—Average Price
A mid-range kitchen renovation in Okotoks typically ranges between $32,000–$97,000. It’s a good compromise, improving the look and functionality of your kitchen through semi-custom solutions while sticking to a moderate budget. A renovation on this scale might include:
- New laminate flooring
- New countertops
- New hardware (knobs and pulls), sink, and faucet
- A fresh coat of paint on the walls and ceiling
- New light fixtures
- Adding a kitchen island
- New semi-custom cabinetry, including more drawers, a light valence, top trim, and a full side gable for the deep fridge cabinet
- New tile backsplash
This type of renovation avoids changes to existing plumbing and electrical lines to keep costs down while significantly upgrading the look and feel of the kitchen.
Full-Scale or High-End Kitchen Renovation—Top Price
A full-scale or high-end kitchen renovation in Okotoks typically starts at $97,000 and can cost up to $160,000 and beyond. The higher cost reflects a complete overhaul of the space, including high-end materials, special features, and completely customized solutions. A renovation of this scale might include:
- A new floor plan
- Moving or removing walls
- Structural changes, including gas lines, electrical, and plumbing
- High-end countertops
- Custom cabinetry with crown molding, high-end wood, soft-close doors, extra drawers, and special storage features like pull-out shelves and more
- New high-end flooring, backsplash, sink and faucet, and kitchen hardware (knobs and pulls)
This type of kitchen renovation has no restrictions. You can customize every aspect of the space to make your kitchen more practical, beautiful, and luxurious. It will dramatically increase the value and appeal of your home for resale.
Get an Estimate on the Cost of Your Kitchen Renovation
The best way to determine a realistic budget for your Okotoks kitchen renovation is to talk to professionals. Contact the experts at Riverstone Kitchens & Renovations for a free consultation based on your preferences and needs. We can help you determine your kitchen renovation budget.
