The kitchen in a home is a gathering place where everyone seems to end up. This makes it an important space for potential homebuyers or if you just want yours to look better. If you want to upgrade any room in your home, the kitchen will give you the most bang for your buck. A study done by Houzz in 2017 found that 43% of respondents remodeled because they “couldn’t stand their old kitchen any longer” and 40% said they wanted to upgrade their kitchen for a long time but were not financially ready. The cost of a kitchen remodel prevents many homeowners from doing it because it can come with a hefty price tag. How will you know it it’s time to take the plunge and is it really worth it?
Kitchen Remodel Cost Estimator
The cost of a kitchen renovation can get expensive quickly. More so if you dream of custom cabinets, stone countertops and spacious islands. Coming up with a budget is essential if you want success. A budget helps you stay on track through the remodel.
Tip #1 – Make a commitment to spend most of your budget on things you don’t plan to replace often, like cabinets and appliances.
Tip #2- Make sure you don’t improve your kitchen too much or you won’t be able to recover the costs and it won’t matter how nice they are. If you make your home the most expensive one on the block you might have a hard time selling it in the future.
Tip #3- Use 10-15% of your budget for unexpected costs. Renovations never cost less than expected.
When you have a firm budget, the decision you make for your kitchen remodel can be made with confidence.
How to Cut Costs on a Kitchen Remodel
The smartest thing to do is to have a plan. The last thing you want is to have to remove stone countertops to install a farmhouse sink. Space your projects out to make sure it’s all done in order to save time and money. You don’t need to spend a lot of money to make a huge impact.
• Paint or refinish your cabinets. You can completely change the look of your kitchen by simply painting or refinishing the cabinets. You can also re-face the cabinets it they look outdated. It will cost more than repainting them but less than replacing the cabinet boxes that are there already.
• Don’t underestimate a backsplash. Putting in a tile backsplash can really bring a kitchen together and it will only cost a few hundred dollars for the materials. It will cost a little more to have it installed or you can do it yourself.
• Paint the appliances. Appliances that still work great but look dated can be painted at a local body shop. Keeping your existing appliances will save you money.
• Consider all the flooring options. Vinyl flooring is better than ever and cheaper than hardwood or stone floors. There are styles that look just like high-end finishes for a modern look that won’t break the bank.