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A Real Kitchen Remodel Budget: Deciding What to Cut and What to Splurge On

A Real Kitchen Remodel Budget: Deciding What to Cut and What to Splurge On

A real kitchen remodel budget is one that entails knowing exactly what funds you have while spending money on the things you really need. It’s easy to have a certain budget and end up adding an amenity at the last minute you didn’t think you’d need. But it’s important to stick to your budget and know exactly how it’s going to be paid so you won’t run into unexpected financial challenges later.

By carefully figuring what you really need, you may have enough in your budget to splurge on something you’ve always wanted in your kitchen.

Deciding What’s the Most Important To You in the Remodel

Rather than thinking you have to have everything in a kitchen remodel, consider the most important items in the immediate term. You should place the top priorities first just in case your budget runs over and you can’t afford to do anything else. Your focus might want to be on new cabinetry or appliances ahead of a luxurious sink or high-quality molding.

The good news is that the major things like cabinets and appliances are significant enough where they can change the look of your kitchen for the better. If you’re lucky enough, the least priority items might still be found on a budget.

Figuring the Type of Remodel and the Cost

If you’re going upscale on your remodel, expect to pay in the range of five figures, says HGTV. Even with a more modest remodel, remember that a quarter or more of your costs will in labor charges. New cabinets, in particular, will generally consume the most out of an entire budget with appliances being second. If those are your only focus, you could ultimately save money when paired up with labor costs.

Setting Aside What You Save for the Unexpected

If you’re able to save up 20% in your intended budget, you’ll have some emergency money for any cost overruns or last-minute adds. You should always have extra money available in remodels to plan for the unexpected. In some cases, that could involve discovering things that need repair as the work unfolds. These repairs can be hidden behind cabinetry and walls without being detected for years.

Keeping Track of Your Budget and Your Payment Method

Before hiring a contractor to start a kitchen remodel, make it clear where your money will come from. If doing a loan, wait until the loan is approved because you’ll need to put money up front to contractors for materials. In many cases, using equity in your home can be an excellent way to put that money to use. By doing a kitchen remodel, you’ll increase the equity again over time and build even more home value.

Here at Edgewood Cabinetry LLC, we can bring quality and affordrable kitchen remodels to you, especially if your focus is on installing new cabinets. Our wooden cabinets are extremely high quality, and we let you choose the wood you want through our website.

Contact us so we can get started on your new kitchen. We also provide numerous storage solutions, including vanities for your bathroom and cabinetry for any part of your home.

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Budget Advice for Kitchen Remodels: Three General Tips

Many people want to renovate their kitchens, but what usually holds them back is the idea of how much it would cost.
While it’s true that kitchen renovations can often get quite expensive, they don’t have to be.  There are ways to cut down on the amount of money you spend on kitchen remodeling, without cutting down on quality.
The following budget advice for kitchen remodels will give you some ideas on how to save money as you give yourself your dream kitchen.
Make the best use of the space you have.  If you want a larger kitchen, expanding the size of the room isn’t the only solution to giving yourself more space.  Any remodeling project that involves tearing down walls and extending the kitchen’s size is going to put a significant dent in your budget.  To save thousands of dollars, you can keep your kitchen at its current size, but just maximize the space.  For instance, installing custom-made cabinets, tailored to your kitchen, allows you to use the existing space without wasting any of it.  The result will be a lovelier and less cluttered kitchen with more room in it.
Don’t cut corners by going for low-quality material.  As you search for materials for cabinets, tiles, and other basic kitchen components, you’ll come across an array of cheap options.  These might seem attractive, especially if you’re trying to save money.  However, they’ll wind up costing you more money in the long run.  Within a short amount of time, they’ll be more likely to fall apart, crack, or disintegrate, and you’ll just need to replace them.  For items in your kitchen that get regular use, such as faucets and cabinets, you want durability to be a prime consideration, along with a pleasing aesthetic appearance (which is also something you won’t get with cheaper products).
Keep your remodeling more simple.  Remodeling your kitchen doesn’t necessarily mean changing everything about it.  For instance, if you don’t absolutely need to move the kitchen sink, keep it where it is; moving a sink to a new location and redoing the plumbing would just pile on the costs.  For a fresher look, what your kitchen may need are just a few smaller-scale changes.  Replacing some of the worn out cabinetry and changing the color scheme to something lighter and more airy could be enough to give your kitchen more space and a bright new look.
To discuss strategies for remodeling your kitchen, contact us.  We offer high-quality designs that aren’t exorbitant in cost, allowing you to enjoy a beautiful kitchen while saving on money.

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