What’s the Standard Kitchen or Bathroom Cost?
I’m often asked what the “standard” bathroom or kitchen remodeling project will cost and to be honest, that’s roughly the equivalent to asking what a standard car costs. And just like the “average” car will most likely not meet your needs, in all probability, neither will the average kitchen or bathroom project. What is standard for one client is a luxury for another. What is an appropriate product for a client in a Midtown high raise may not match the style or needs of a client in Sandy Springs.
The question that needs to be answered is “what should I budget for my project”. The National Kitchen and Bathroom association recommends a budget of 10% of a homes value for a master bathroom remodeling project and 15% for a kitchen project. In my experience, I would have to say that these are excellent starting points. Choices like what appliances are going to be used, or the use of marble instead of ceramic tile have a big impact on project budgets. We have done projects at levels below and above the budgetary guidelines and through our design process, we develop a firm budget that takes into account our owner’s preferences, laying out the choices and costs.
Can a kitchen project be 18 or 20 percent of the house cost and still be a good value? Or a great master bathroom be 8 percent of the home’s value? Yes – if it brings the you enjoyment. After all, making the master bathroom a tranquil space where you can enjoy a spa like experience or designing a kitchen that is the central hub of family gatherings should be the end goal. The value that the joy the space brings you has to be part of the decision.