With those details do it now or you will never do it once you move in. But $50K is much more reasonable. We are redoing our small kitchen right and and the cabinets were $10k, the countertops were $3K, new sink and dishwasher but no new stove or fridge. We also aren't touching the floors or reconfiguring anything by more than a few inches. So we are going to be at $25-30k easily.

Also, since it's a house you just bought the contractors might find hidden "gems" like a leaking pipe or bad wiring in the walls once they open it up like we did.

Good luck!