Budgeting is one of the most challenging aspects of taking a project; the larger the project – the more variables you will experience. The Atlanta Home Improvement Magazine included an insightful and educational Budget Planner in their Kitchen & Bath Planner edition.
In any project, there are many factors that will affect your budget as you go along. This cost breakdown will help you budget for the features you plan to include in your kitchen or bath project. The figures represent approximate costs for uninstalled products in a 10′ x 10′ room. If you plan to hire a General Contractor, which is highly recommended with any kitchen or bath remodel, you can include approximately 25-35% of the overall budget for labor and building material costs.
So if you plan to spend $75k you should budget around $23k for the Contractor to cover areas such as demolition and debris removal, modifications to mechanicals (change lighting & outlet locations, update outlets to meet code requirements, etc), drywall repairs, and painting. There is value in hiring a General Licensed Contractor for your project.
It is important to remember that there may be variables to your kitchen or bath project that you are unaware of. It is best to consult with a certified and/or licensed professional to help you evaluate your project before you begin investing in your home. Knowledge is power and in the case of taking on a large project, it will help save time and money.
Discover why you should hire a certified designer before you start your project.