How to Budget for Your Upcoming Kitchen Renovation

You may find that it can be quite a challenge to set up a budget for a kitchen remodelling job. If you’re like most people you’ll want to put as much money into it now as you possibly can since it’s a big job and you won’t be doing another one for many years to come. At the same time, you need to work within your means without breaking the bank. In order to help you get started, here are some useful tips you can use to put together your kitchen renovation budget.

Save Money
If you find that your budget is extremely tight you’ll need to decide which features are essential in your kitchen and which ones aren’t as important. For example, a Lazy Susan and deep pot drawers provide a lot of convenience in the kitchen so it’s a good idea to include them in your planning. Glazing the cabinets, on the other hand, is more of a non-essential item that can be overlooked if you have a tight budget. You may also want to consider doing some of the work yourself such as removing the flooring, the appliances and the old cabinets to reduce your costs.


Understand Your Neighbourhood

Take a look at your neighbourhood to get an overall feeling of the type of renovation job that would present the best resale value for your money. If you live in an upscale neighbourhood, the people that are looking for a home in your area will be expecting to see very high-quality cabinetry along with granite or other high-end countertops. If you live in a modest neighbourhood then you may find that people aren’t willing to pay extra for expensive countertops and you may not get back as much money as you would expect for your renovation at the time of the resale. You should also consider how long you’ll be remaining in your home and whether this renovation is more of an investment than an upgrade that you simply want to enjoy while you’re living in the home.


Plan for the Unexpected

As a general rule of thumb, you should add 15% to 20% to your budget to handle anything that comes up unexpectedly. For example, you may end up choosing a higher-end flooring once you’ve looked at the possibilities and have excluded the types of floors that cost less. If you’re working on an older home, there may be some hidden damage lurking behind the walls that need to be repaired before the renovation can continue.

Use these tips when formulating your budget and if you need any help at all please feel free to call us at 905-793-2990. We provide free estimates so that you can get a better idea of what your budget should be, based on your projected outcome. You can also learn more about our wide range of services and products by visiting our site at clarevillekitchens.ca.

Leave a Reply

Your email address will not be published. Required fields are marked *