How Do You Plan A Budget For A Kitchen Remodel?
If you’ve decided to remodel your kitchen, one of the smartest things you can do for yourself is invest in and work with an experienced Crofton remodeling company. However, getting that Crofton remodeling company is just one step. Remodeling a kitchen is typically the most expensive expenditure a homeowner can make when it comes to home improvement. So how do you figure out your budget for this project?
Determine Your Cost
One of the best ways to have a successful project is to plan well ahead for just how much you’re willing to spend and then having the willpower to stick to it. It’s essential, however, to allow for some flexibility in the budget because no plan is ever executed perfectly, and there may be a need for contingencies.
For example, if the house is very old, and no one has looked at the plumbing in decades, a cursory check before work begins may show that the old cast iron plumbing is on its last legs. It would be prudent to replace this now, while the opportunity is there, rather than wait for a break in the water pipe that would necessitate tearing down walls and floors to access it. If you feel comfortable, dedicate 20% of the budget to contingencies.
While many people know that a Crofton remodeling company coming in to work on a kitchen is the most expensive home improvement to make, many vastly underestimate how much it will cost. Some think it may be a few thousand dollars, while it typically costs tens of thousands of dollars. In some cases, the cabinets alone will cost tens of thousands of dollars before even getting into flooring, countertops, or appliances.
Research just how much these things costs before jumping in. You may find the budget you’ve set is unrealistic for the actual cost once you’ve run the numbers.
These are just guidelines, but on average, this is how the total budget for a kitchen remodel typically breaks down.
As mentioned, this is often the most significant expenditure. Homeowners, on average, spend about 35% of the total budget for a kitchen remodel on the cabinets alone.
A new kitchen often involves new appliances, such as a new stove, range hood, refrigerator, microwave, or dishwasher. These appliance upgrades usually take up about 20% of the total cost.
Surprisingly, good labor is not the most expensive bullet point in a budget, but a reliable Crofton remodeling company will still take up about 20% of the cost.
Many kitchens, especially in detached homes, will have windows to allow sunlight to stream in. It’s typical in these situations to reassess the age of the windows and sometimes even enlarge them, depending on needs. Windows typically take about 10% of total costs.
The remaining costs, such as fixtures, fittings, and other smaller expenditures, will fall in this final 10% of the total cost. Depending on your situation, this may also be where additional miscellaneous spending goes, such as eating out, if you still live in the home while the kitchen is being worked on.