As most expensive room in a house to remodel, extra expenses on top of the already high cost of renovating the space can push your project over your budget. Before you start your renovation, be aware of these areas that might push your kitchen renovation over budget and will make you more aware of the choices you need make.
Lack of Planning
A common error made in remodeling is to figure out your spending goal but neglecting to itemize your budget. After deciding how much you wish to spend overall, you will need to create a breakdown of how much will be spent on each aspect of your remodel project. This includes budgeting for cabinets, flooring, appliances, lighting, etc.
Within this budget, remember to expect the unexpected. Even the most experienced remodelers might not foresee potential termite damage, mold, or wiring issues that lie beneath the surface of your home. These repairs or changes could blow your budget even when you stick to every other aspect! For this reason, it is crucial to devote an allowance of your budget for emergency funding. In the best-case scenario, you might see nothing go wrong, and end up with money leftover!
Depending on your budget, luxury appliances might not be your best choice. If you’re tempted to buy the most advanced technology, first consider how often you and your family use your current appliances, and if you will realistically take advantage of the new features. Appliances have a huge range of options and price points. Keep an open mind in terms of brand names – for example, buying a General Electric oven instead of a Viking could save you thousands.
After you have determined how much you plan to spend on countertops, research what material will allow you to stay within that price point. If your budget allots less money towards countertops, you might choose Formica or laminate over granite or quartz. These practical options can have a similar look without the hefty price tag. When budgeting, keep in mind whether you want to add more counter space.
If you are looking to spend less, you might want to avoid custom cabinetry. If you must replace your cabinets but are still looking to save money, try shopping stock cabinets instead of customized, and avoiding unnecessary special features. At rtawoodcabinets.com you can get a lot of our options unassembled and save even more.
If you decide to add to your kitchen space, know that along with the cost of knocking out a wall, this will increase various factors of your budget including flooring, cabinetry, counter tops, and even electrical work. Remember that it is possible to improve functionality without necessarily building out the space.
Are you looking to redo your kitchen, please reach out to one of our kitchen designers that will walk you through the process and work with your budget to design the kitchen of your dreams, call us at 1800-788-7575.