When it comes to kitchen remodeling, you want to make sure that you’re planning everything out. Or else you’ll not only end up spending a heck of a lot of money, you’ll also end up having a kitchen that you really don’t like spending time in.
Because at the end of the day, you want to make sure that if you’re going to spend thousands of dollars on a kitchen remodeling project, you will end up having a great time hanging out in there. That’s the whole point of it.
You weren’t satisfied with how your kitchen was before, so you spend some money and turned it into something that you absolutely love. And your family does too.
So, before you even decide which contractor you should go with, make sure you read this entire article and see if you’re missing anything out.
How to Determine a Budget When Remodeling Your Kitchen
Ah this is a big one. You always want to have a budget for these things. The last thing you want is to spend $50k on a project and end up not having the benefits of spending that much – increasing the real estate value of your home.
So you want to come up with a realistic budget that will get you a good kitchen that you enjoy hanging out in, but it also increases the overall real estate value of your home.
So, here are some tips that we came up with –
Decide how much you can afford to spend, and stick with it
Whether you know it or not, most people do follow this tip. Initially they do have a budget that they decide upon. They swear that they won’t go over this budget because that’s what they can afford right now.
But as time goes along, they decide to extend their budget a little bit so they can squeeze in that luxury marble tabletop that they saw in one of those TV shows. And then they want to buy that one of a kind faucet that they think would make the difference for their kitchen.
And on and on. And before they know it, they have already spend double the amount that they had initially decided.
You don’t want to do that.
Step 1 is to decide how much you can afford to spend. And then comes all the planning. You spend based on what you can afford and decide whether or not you’ll be able to get the kitchen you like in that budget.
If you don’t think you’ll be fully satisfied with the new kitchen, then don’t go ahead with the remodeling project. Wait for a while, save up some more money and then revisit it. See if you can afford it 6 months down the line.
You should never put yourself in a hole, remember that.
Unexpected things will happen
With every plan, you have to make sure that you are being realistic and considering the fact that things won’t go according to plan. Because they never do.
There will be surprises that you weren’t aware of. Maybe when the remodelers rip out your walls and you realize that your wiring is so out of date that they just can’t be used for your new appliances. Or maybe the floor beneath your sink is starting to rot thanks to a water leak that you weren’t aware of. Maybe in that case you might venture into the category of a full reconstruction project since you’ll have to fix the leak, then treat the ground that was affected because of that. And also the ground around that because you can be sure that was starting to get affected as well.
Well, good luck trying to squeeze that within your budget.
That’s the reason why you want to think about this beforehand. I suggest having at least 20 percent of your budget dedicated to surprises. If you can’t, make sure that it’s at least 10 percent.
And if you’re a great planner and you don’t end up going through any surprises, you can spend that much more on the remodeling at the end.
Or maybe you can add that surplus to an emergency fund. Who knows.
Have a List of Your Renovation Priorities
This is important. If you don’t know exactly what you want to renovate, how are you going to decide what kind of kitchen you’d like to have?
The best way to decide what things you would like to get renovated first, is to think about your current workflow in the kitchen. Start to see if there is anything that you’d like to have changed?
Maybe it’s the position of the stove. You would like it to be in the center, between the tabletops instead of the corner. It makes you feel like you have less working space because you’re all cooped up in that little corner.
If the stove was in the middle you would feel more free and use more space. And by using more space you would be more efficient with everything.
Or maybe you just have too many cabinets in the kitchen that you aren’t using. So you maybe want to remove some cabinets and add in some wall decorations. Or maybe an entirely new section within the kitchen that’s dedicated to wine if you’re passionate about wines.
Or maybe a small bar area that you can use to keep your beer and other beverages. So that when your friends are home, it makes it easier for them to just go for the bar area, choose their favorite beverage. They won’t have to go snooping into your refrigerator because lets be honest, nobody likes that.
Remodeling Always Adds Value to Your Home
This is true. Whenever you’re remodeling your kitchen, it will increase the value of your home….to a certain extent. You gotta be careful about the home prices of your neighbors as well. Because that is what dictates what will be the price of your home.
And so, if you live in a neighborhood where people have decent kitchens but nothing to brag about, and then you end up renovating your kitchen into something truly luxurious, then sure, your overall value of the house will increase, but it won’t increase as much as you spent on the renovation project.
Because nobody else in your neighborhood has that kind of kitchen. And even if you decide to increase the value of your house by yourself, nobody will buy your house because everyone else’s house is priced lower than yours. Why would they pay more for a luxurious kitchen when nobody in their neighborhood has that kind of kitchen?
Remember, people always want to fit in and get along with their neighbors. They never want to one-up them.
So, be mindful of what everyone else has going on and decide accordingly about what you would like to do with your kitchen.
At the end of the day, it all comes down to how you balance everything out.
You want to make sure that you end up with a kitchen that you love spending time in. But you also want to make sure that you’re not overspending on it.
You want to plan everything out in as much of a detail as you can. But you’ll also have to be aware that things won’t go according to that plan. It’s just an outline and things will happen as the project goes along. And you should be okay with that because that’s just life.
And you also want to be mindful of the kinds of kitchens your neighbors have. Not because I don’t want you to be creative with your kitchen. Quote opposite actually – I want you to be creative, but make sure that you’re not spending an exorbitant amount.
Let your creativity run wild and make sure that you’re within the budget that you decide at the beginning of the project. Most people back out on their own word. Be different. Stick to what you promise yourself and see how happy you’ll be once the whole project is over.
If you like how up front and unfiltered our advice is, give us a call. Let us do the heavy lifting for you and guide you through the whole kitchen remodeling process. So you can relax and feel like the whole thing is just a ride to the end. The end at which one day you’ll wake up, walk into the perfect kitchen you always wanted, you put on some music, take a sip of that hot, tasty coffee and start making breakfast.