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How to determine a kitchen remodeling budget

August 29, 2008
Provided by eHow
Homeowners frequently cite the kitchen to be the most important room of the house. It’s no wonder then that they invest time, energy and resources into functional and beautiful kitchens. Cost can vary based on region, design, materials, quality of appliances and budget. Careful planning can help you get the most value for your investment, simplify maintenance, maximize efficiency, functionality and beauty and reflect your own personality.

¯First, plan your budget. Consider the market value of your home to determine your remodeling budget. Generally speaking, a kitchen-remodeling budget should not exceed 15 percent of your home’s value. Of this budget, at least one half of the cost should be designated for cabinetry.

¯Second, communicate your budget honestly to your contractor. Better communication during planning results in lower stress for everyone. The best way to avoid overspending your budget is to be specific and understand limitations from the outset.

¯Third, consider quantity vs. quality. See the product or samples of quality in person before purchasing, rather than relying on photos, catalogs or internet information.

¯Fourth, evaluate cabinetry supplier costs. Many designers require a design retainer. This assures you that your project will get the designer’s full attention

¯Fifth, evaluate your contractor’s fee. Ask your contractor to provide a written schedule of when payments are expected.

Fact Box

Tips
¯Do some of the work yourself, but be realistic in what you can accomplish — removal of old cabinets or flooring, Trash/site cleanup, painting or wallpapering
¯Consider reusing existing elements if practical, such as appliances or sinks.
¯Revive existing wood flooring or furniture with refinishing or painting. New decorative panels may be available for dishwahers
¯Be very careful not to damage walls or ceilings, and don’t start anything you can’t finish. Some tasks enthusiastically begun by a homeowner turn into costly corrections and lost time for professionals.
¯Leave the installation of cabinets, plumbing and appliances to the professionals. Do-it-yourself installations can void manufacturer warranties or violate local codes.

 
 

 

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