The 4 Best Ways to Use a $5K Kitchen Renovation Budget
Carve out seating and storage, for starters.
Updated Oct 12, 2018 12:02 AM
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Want to see what $5,000 can do for your home? Put it toward the kitchen. “A new range in a fun color would really go a long way,” says New York City–based designer Young Huh. Bertazzoni’s bright and cheerful appliances would be her top choice for an update while keeping to this budget. But wait, there’s more.
Despise your dark granite countertops? Are your limestone floors taking you back to the ’80s (and not in a good way)? Instead of settling for these dated features, invest in changing them. Do the math and you’ll see that there are infinite ways to stretch your money. Here are just four places to start.
If You’re Lacking Storage and Seating
A standard island (a base cabinet with a countertop) ranges from $3,000 to $5,000, with $1,500 going toward labor. Ones with a sink, dishwasher, and electricity can go up to $10,000.
If Your Pot Roasts Never Come Out Right
While installation adds around $500 to your total, by replacing your range or refrigerator with an energy-saving model, you can recoup 70 percent of the value you invested. Set aside an average of $4,000 for a refrigerator, range, dishwasher, and microwave.
If Durability and Good Looks Are Equal in Your Book
Labor and materials for a 200-square-foot kitchen add up to $1,200. Vinyl tile is your most cost-effective option, running an average of $1,000, compared to pricier hardwood ($2,800).
If You Just Want a Clean Slate
Countertop cost is all about square footage, so your dollar will go much further on a small peninsula or coffee bar. If you’re opting for a stone countertop, be it granite, travertine, or quartzite, the final price will include the raw slab plus the fabrication. Find your perfect fit in the material menu below:
Laminate: $1,200–$2,000 ($)
Solid surface: $1,500–$3,000 ($)
Quartz: $1,000–$4,000 ($)
Butcher block: $1,700–$5,500 ($)
Marble: $2,000–$4,000 ($$)
Granite: $2,000–$4,500 ($$)
Soapstone: $2,700–$4,500 ($$)
Concrete: $3,300–$7,200 ($$$)
Stainless steel: $3,900–$7,200 ($$$)
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