So you think you want to tackle a kitchen remodel? The first thing that needs to be planned is the budget. When working with clients, sometimes they are reluctant to share exactly what their budget is.
It makes a huge difference in getting the look and quality that you expect. Here are a few things to take into consideration:
- The first is what can you afford? On average the kitchen is the most expensive room in the home and kitchens sell homes. Call your local realtor if you need some advice on your project. Think about how you will pay for your remodel? Home equity loans are usually the source, but often retailers will offer financing. Savings, credit cards work a tax refund or if a dearly departed loved one left you a “little something”.
- How long are you going to live there? If this is your “forever home” design it the way you want it. If 5 years or less, keep it general enough to appeal to the masses.
- Is your neighborhood modest or up-scale? You don’t want to have a gourmet chef’s kitchen in a middle-class neighborhood. If so you will lose money. Be careful not to over improve.
- Know the cost break down. Labor will cost about 20-35% of remodel costs. The kitchen typically is the most expensive room in a home with cabinets being the biggest chunk of it. Here is a breakdown of the costs on average:
- 35% cabinets
- 20% labor
- 20% appliances
- 10% windows
- 5% fixtures
- 3% fittings
- 7% other
Always tell your designer / remodeler what your budget is. Never be embarrassed to share that number with them. They should be aware, so they can give you the look you want, with the function you need, all within your means.
After all, they want you to be happy and “Love where you Live!“
Premium Cabinet Studio
Overland Park, KS