Renovating your kitchen is an exciting time.
After all, the kitchen is the heart of your home: it’s where your family gathers for meals, where you entertain guests, and it’s where you spend at least a few hours every day.
That’s why it’s so important to have the kitchen of your dreams. However, when planning your home makeover, don’t forget how important budgeting for your kitchen remodel can be.
Most homeowners think they’ve properly budgeted, only to find out midway through that their estimates were way off. Don’t let that happen to you. This guide will show you exactly what to budget for, so that you’re not caught off-guard.
The Remodel Itself
This is the part that you’ve likely spent the most time budgeting for. You have a quote in hand, and you’ve set aside the money that your contractor says you’ll need.
Make sure that quote includes everything – parts, labor, appliances, and permit costs. You don’t want to be halfway through the renovation when the contractor tells you he “forgot” to include something.
You have your full, itemized budget in hand. That’s good – now add 20% to it. This is for unforeseen complications, like discovering you had a water leak that ate through the floorboards.
Hopefully you won’t need to touch this money, but it’s good to have it, just in case.
One thing many homeowners forget is that, when their kitchen is being worked on, they might not be able to use it. You can’t cook, and you might not even have access to the fridge or your cabinets.
You still need to eat, though – so that means you’re going to be dining out or bringing home takeout almost every night. This adds up fast, so don’t forget to account for it when you set money aside.
Having people working in your home can be a hassle. That’s why many people choose to stay in a hotel or with friends during the renovation process.
If you’re thinking of relocating during the remodel, make arrangements ahead of time so that you know exactly what it will cost.
You should really stick to the budget you made when you first sat down with your contractor. However, if you know you’re the type of person who will just have to have something extra halfway through the process, set that money aside ahead of time.
After all, you don’t want to be unhappy with your remodel because you couldn’t afford an upgrade that you didn’t budget for.
Budgeting for Success
Having a detailed budget is the key to keeping your costs low during the remodeling process. Take the time beforehand to figure out what you can afford, and then write it down – and stick to it.
If you need help budgeting for the kitchen of your dreams, contact us today. We’ll show you ways that you can make your kitchen a masterpiece on any budget – so you can enjoy the beautiful home you deserve.