Four Steps To Budgeting For Your Kitchen Remodel

Four Steps To Budgeting For Your Kitchen Remodel

There's a lot to think about when it comes to kitchen remodels, but you can't get the idea off of the ground without a budget. Thankfully, we're going to give you some helpful tips when it comes to budgeting for your kitchen remodel. With this being said, here's a look at a few steps to help your kitchen remodelling budget run smoothly.

There’s a lot to think about when it comes to kitchen remodels, but you can’t get the idea off of the ground without a budget. Thankfully, we’re going to give you some helpful tips when it comes to budgeting for your kitchen remodel. With this being said, here’s a look at a few steps to help your kitchen remodelling budget run smoothly.

kitchen renovation on budget

Stick To What You Want To Spend

Overspending is unbelievably easy (and unfortunate) if you get too wrapped up in what you’d like remodelled. So since it’s way too easy to bite off more than you can chew when you’re in the middle of a remodel, it’s important to figure out how much you’d like to spend and try to stick with that estimate. Sure, it sounds simple, but it can be much more difficult than one would think. For example, the average price tag that comes with a luxury kitchen remodel hovers around (and above) $80,000, so you should look at what you can afford before you make such a commitment.

In addition to this, it’s important to consider how long you’ll be living in your home. If your home might be up for sale in the next five years, a renovation should be viewed as a real estate investment improvement. So with this in consideration, it’s important to maximize your return on investment during your remodel. If you happen to want to occupy the home for more than five years, try looking for a remodel that will please everyone living in it.

 

Plan A & Plan B

Now setting a budget is a little more complex than simply plugging in numbers. It’s important to do your research and see what’s available on the market. Search online resources, investigate trade shows, read magazines, and visit kitchen showrooms to gather an idea of what you’d like for your kitchen remodel. Create a wish list, then revise that list to include price tags. By operating with a plan A and a plan B option for tiles, countertops, and appliances, you’ll open yourself up to alternatives in the event your budget needs to be adjusted due to unforeseen circumstances. For example, a high-end countertop might get sidelined if rotten lumber is found during the remodel.

stone wall kitchen

Remodel Priorities

It’s important to keep your best interests in mind when having your kitchen remodelled. Try to develop a clear plan in how you want your money spent on your remodel so you’re not just blowing money. List your reasons for your remodel, think about the priorities, and know how you want your money spent. If you happen to be working with a budget builder, ask them to provide you with a breakdown. Variables that need consideration include the local economy, the scope of your remodel, and your current kitchen before the remodel.

 

Pay Attention To Detail

You’re going to have to think about every single detail when it comes to your kitchen remodel and many smaller obstacles will often come forward. Such details you’ll have to think about are:

 

So in consideration of the information above, there’s a lot to think about when it comes to budgeting for your kitchen remodel. Thankfully, Citation Kitchens is here to help you create the kitchen or bathroom of your dreams. Citation Kitchens has been making high-end projects that always cater to your budget and time constraints with no frills. Contact us today for more information!