The total amount you will spend on your kitchen renovation is determined by several factors including the size of the space, the quality of materials and whether or not you change the layout. On average, a kitchen renovation costs approximately $30,944 or $195 per square foot. Homeowners report spending between $16,402 and $45,618 or $97 to $326 per square foot.
For example, a smaller project that costs between $13,049 and $19,574 may include painting walls, refacing cabinets, upgrading the sink and installing a new tile backsplash. A kitchen renovation costing over $40,000 may include installing custom cabinets, hardwood floors, granite counters and high-end appliances.
Industry experts recommend spending 5% to 15% of your home’s value on a kitchen renovation.