How much do new cabinets cost?

How much do new cabinets cost?

What’s the most expensive part of a kitchen remodel – adding state-of-the-art appliances? Install new flooring? No, the biggest item is the kitchen cabinets. While many homeowners might think new cabinets are somewhat cosmetic, they actually account for the lion’s share of kitchen remodeling spending — 29%, according to Home Advisor.

The exact dollar cost of your new kitchen cabinets depends on exactly how you are going to refresh them. In terms of national averages, this can range from $2,946 to $5,435 to $7,113, respectively, depending on whether you refinish them (change their color), replace them entirely, or resurface/reface them (put new material on the above existing cabinet frames and replacing doors and drawer fronts).

On the plus side, new cabinets are an easy way to give your kitchen an instant facelift and improve the value of your home. And, as home renovations go, they’re pretty quick and easy to do. But they don’t come cheap, and since costs can skyrocket, knowing what to look for and how to buy is an integral part of cabinet installation.

How much do new kitchen cabinets cost?

According to the latest statistics from HomeAdvisor, the new cabinet prices an average kitchen can cost between $2,000 and $26,000 – most projects range between $4,000 and $13,000 – largely depending on the type of cabinetry (custom, semi-custom or ready-made use) and the material from which they are made. Of course, the size of the job also matters: contractors often quote prices per linear foot, and that rate can range from $100 to $1,200.

Hardware is an added expense, and the cost of handles and knobs for your cabinets ranges widely from under $100 to $10,000 for more ornate or unique designs, according to the Angi website.

Average cabinet installation cost

Small Up to 70 square feet $1,700-$11,000+
Average Up to 120 square feet $2,200-$14,000+
Big 200 ft2 and more $4,000 to $26,000+

Customization of cabinets

Another key influence on your kitchen cabinet costs is the uniqueness of the units. Kitchen cabinets fall into three categories: stock (completely pre-made), semi-custom (like model cars or custom-made garments — they come in standard styles and sizes, but you can choose certain details), and customized (entirely built according to your needs). Characteristics). As for average prices:

  • Stock cabinets: $100 to $300 per linear foot installed
  • Semi-custom cabinets: $150 to $650 per linear foot installed
  • Custom Cabinets: $500 to $1,200 per linear foot installed

If you go the custom route, expect costs to go up to 100% more than stock or semi-custom models.

Other costs for new kitchen cabinets

There are other things to consider when buying new cabinets. Installation adds a hefty expense to the bottom line, but other costs will also show up on your bill. You could pay an extra $300 to $500 to remove and dispose of old cabinets and all debris, for example.

You may also need to adjust the placement of your existing kitchen cabinets before your new ones can be installed. It’s not a simple process, as it may involve moving outlets and plumbing, and you may need to fix drywall and paint.

Tips for saving on kitchen cabinets

Store: Stock cabinets are much more affordable, costing an average of $5,434, while semi-custom and custom cabinets can cost anywhere from $13,000 to over $30,000. If you don’t have a complicated kitchen layout, this is often the easiest way to go.

Reuse: Sometimes you don’t need new cabinets at all because you can keep the existing ones. Cabinet refacing (placing new surfaces and accessories over existing frames) costs an average of $7,113 — not cheap, but still significantly less than custom work. And refinishing them (changing the color) costs an average of just $2,943, even less than stock cabinets. Plus, hassle-free installation saves you time and money.

Make a donation: When replacing existing cabinets, you can donate the old ones to a local organization and receive tax relief for your donation. You can also save money by removing or disposing of them yourself, as installation professionals will most likely charge you for this service.

Go with a specialist: A professional installation company or interior designer might be able to help you find the look you want at a fraction of the cost. With wholesale discounts and insider access, they could gain access to clearance sales.

There’s an undeniable convenience to an all-in-one shopping experience at places like Ikea and Home Depot, but you’ll pay for the extra service. Be aware that some design firms inflate costs, charging up to three times the cost of materials. They often outsource the installation to local contractors, acting as middlemen and driving up prices.

What is the impact of new cabinets on the value of your home?

Replacing your cabinets is a home improvement that can greatly improve the value of your home. That is, they are a key part of a kitchen upgrade, which typically recoups around 54-72% of its cost, depending on Remodeling2021 cost/value ratio of . The National Association of Realtors 2019 Remodeling Impact Report found that kitchen improvements rank among the top interior projects that add resale value to homes and attract potential buyers.

New Kitchen Cabinet Financing Options

Home renovations are never an inexpensive undertaking, but financing can help you secure funds to start the project. With a loan, you can break down your renovation into more manageable payments over time.

Personal loan

A personal loan can be an excellent solution if you are looking for a fixed term loan. You can enjoy a fixed monthly payment with no collateral needed. Personal loans can be a good choice for a kitchen renovation because proceeds from these types of loans can be used for anything you want. Additionally, money can usually be provided very quickly, often in as little as 24 hours. However, in order to get the best interest rate on your loan, you will need a strong credit rating. In addition, personal loans generally have to be repaid over a short period ranging from 24 to 60 months. If you want more time to pay off the costs of your kitchen cabinet project, a personal loan may not be the best option.

Home Equity Loan

A home equity loan gives you access to upfront cash through a lump sum, but you use your home as collateral to secure the loan. This type of financing can be a good choice if your kitchen cabinet project is particularly expensive, as most lenders will allow you to borrow up to 80-85% of your home’s equity, or the value of your home minus any remaining balance on your mortgage. . Additionally, the repayment term for a home equity loan can be up to 30 years, which may make it a better option for homeowners who need more time to pay off expenses associated with their home project. cabinet.

Home equity line of credit

Also known as a HELOC, a home equity line of credit is much like a credit card, allowing you an open line of credit that you can reuse as you pay it off. This loan also uses your home as collateral, but is subject to a fluctuating interest rate that can change the cost of your monthly payments throughout the life of the loan.

Next steps for new kitchen cabinets

Renovating your cabinets can be an expensive business, but it can pay off in the long run with a huge return on investment and greater market appeal. When deciding if installing kitchen cabinets is a good investment for your home, ask yourself these three questions:

  • Will your renovation increase the value of your home?
  • Are remodeled kitchens attracting buyers in your area?
  • How much will it cost and how can I finance it?

Considering these things will help you determine if replacing your kitchen cabinets is the right decision for your home right now.

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