A common recommendation is to allocate 5-15% of your home's value for a kitchen renovation. However, this is a broad range, and you may need to adjust it based on your specific circumstances.

The extent of your renovation plays a significant role. A minor update, such as replacing cabinet doors and updating appliances, will cost less than a full-scale remodel involving structural changes and high-end finishes.

The choice of materials and finishes can significantly impact the cost. High-end materials, custom cabinetry, and luxury finishes will increase the overall expenses.

Labor costs, including hiring contractors, plumbers, electricians, and other professionals, can vary based on location and the complexity of the work.

The cost of new appliances can vary widely. High-end, professional-grade appliances will contribute to a higher budget.

Custom cabinets tend to be more expensive than stock or semi-custom options. The choice of materials and design features will also impact the cost.

The type of countertop material you choose (granite, quartz, marble, etc.) will affect costs. Higher-end materials come with a higher price tag.

Flooring costs depend on the material, with options ranging from budget-friendly laminate to premium hardwood or tile.

The cost of lighting fixtures, faucets, and other accessories can vary based on style and brand.

It's advisable to set aside a contingency fund (typically 10-20% of the total budget) for unexpected expenses or changes during the renovation.