How Much Should I Spend on Bathroom and Kitchen Renovation?
Cabinets, for one, costs about 40% of your budget. The ones in the kitchen require multiple sets to fill every area. This cost will then depend on the quality of cabinets, the better the materials, the higher the costs will be.
10-15% of the budget will go to countertops. These are not as complex as cabinets but they’re quite expensive as well.
Random items like electrical work, plumbing, lighting, and appliances, eats up around 20-25% of your budget allocation.
And do not forget the budget for labor which is about 25%, depending on the task. Remember that this does not include time-consuming tasks yet, such as tile removal.
These figures will give you a decent baseline on how to allocate your budget. It is important that you plan this out prior starting the project to avoid unnecessary expenses along the way.