Set the Perfect Budget for your Kitchen Remodeling Project

Home Remodeling Contractors in Murray Utah

Planning out kitchen remodeling requires more than just design expertise. Being able to set and stick to an accurate budget is also a key factor in the success of your project. Without the proper financial planning in place, you won’t be able to determine what materials and services you can and can’t afford. There are a variety of ways you can set the perfect budget so that you can get the kitchen remodel you truly want.

Where Do I Spend Money on My Kitchen Remodel Project?

If you’re still at the earliest planning stages, you’re probably trying to figure out your budget and where you might want to spend money on your kitchen renovation. If you have a set amount in mind, your contractor can give you a general list of what you can upgrade, but it’s also helpful to know ahead of time where your money might be best spent.

A helpful “save versus splurge” article on The Kitchen offers some straightforward advice on the areas of your kitchen that are best for splurging and where you might want to save a few dollars.

For example, you might want to check out your cooking habits. Do you use the oven with regularity? Apparently, many people use their stove almost every day but aren’t frequent bakers.

“Some folks don’t even need an oven at all, especially with the advent of convection microwaves. Unless you’re a frequent baker, prioritize your stove over your oven.”

So, when it comes to choosing your appliances, think about what appliances you use most and where to put more of your budget. If you love making cupcakes every week and you’re always baking something for dinner, go for that expensive oven.

However, if you’re more apt to use the stovetop or microwave, move those renovation dollars to a high-quality stovetop.

Set an Upper Limit: After considering your current financial situation, your outlook shortly, and the amount of time that you plan on living in your current home, you should come up with a number that represents the maximum amount you would like to spend on kitchen remodeling. Of course, your actual budget doesn’t have to be the same as the maximum you have available to spend. In fact, it is a good idea to leave some wiggle room.

Account for an Extra 20 Percent: Any home renovation project budget should include some leeway for unexpected costs. They are rare, but you never know when broken pipes, uncovered floor rot or other events might conspire to ruin a perfectly planned budget. Accounting for a potential 20 percent overage will ensure that you have sufficient wiggle room between your actual budget and the maximum you can afford.

Break Down the Costs: Would you like some advice from another remodeling pro? Buck Collins, the owner of Collins Tile and Stone, has completed countless renovation projects over the past two decades. He says one trick always helps his clients set and stick to budgets for their kitchen remodeling in Northern Virginia: “If you’re going to be doing a full kitchen remodel, you should make a list of all the individual features you plan to have renovated. Then, you can break the budget down according to the category.” For instance, you could estimate the costs individually for the cabinets, appliances, fixtures, fittings, and windows. This advice will help you easily visualize how your budget is allocated and ensure that the money is properly spread out where it’s needed.

Set Priorities: Knowing what you want most out of your kitchen remodel can help you make tough decisions that may arise later on. If unexpected problems occur, you may have to make compromises elsewhere to stay under budget. Having a list of priorities will help you with that decision.

These are just some of the things you could do to help make your budget ideal for your kitchen remodeling project. For more assistance with design, planning, and budgeting, contact Utah Basement Kitchen and Bath about a free project consultation and estimate today!

2018-04-16T18:37:17+00:00 Kitchen Remodeling Contractors|