It is important to determine the budget for any home improvement project, and renovation of the kitchen is no exception.
Preface Caution: I spent several hours researching kitchen remodeling costs and budgeting on the Internet to collect data for this article. I ran into a couple of websites that provide the square footage price for a kitchen remodeling in Houston. You are much better off visiting an expense report vs. online value and evaluate the results for yourself.
As with anything else in this world, the reform of the kitchen will be more expensive than you think it will be and the sky is the limit on what can be charged depending on your taste. There are several factors that go into determining the remodeling budget.
There are several places online that you could need to help you set the basic budget numbers to begin with. My personal recommendation is a Remodeling Magazine’s Cost vs. Value report released by regions and cities every year. It is a very nice thing about this report is that it gives a description of the project “average” so you can gauge if your kitchen remodel will fall above or below the benchmark. I also found the average price them to be an accurate reflection of the price for our company, so to recommend to the client before I even met them that they were investigating the report they are more likely to set a realistic budget, we can work on it for giving them a fantastic kitchen.
The beans are custom built with a semi-custom cabinets
While the report is very helpful Remodeling magazine, is still very one-size-fits-all approach to building a budget. Keep reading if you want to get to know you a little number.
Remove the pads and paper and write down a few notes about each factor when you go through this list:
Factor 1 Rated Home – Consider not only what you think you deserve your home, but also the value of similar homes in your neighborhood that already has the update. My favorite web site to check the value of the house is zillow.com, please enter your address and you get interactive maps with the value of homes and other information shown on a map. Note the house which has the same size as you, have bought more recently, but it has a higher value, then peeked their windows to see what kind of house it. Ok, seriously, I’m just kidding. If you do not know them, maybe it’s time to meet neighbors and ask for a short tour.
Factor 2 WOW! – It has to do with purpose and motivation. Write down every important motivating factor for you in the kitchen remodeling. Here are some examples that might be: the kitchen a mess. Like cooking and layout may not be suitable for you. Like entertaining and want to open the kitchen as a place to gather. You want your guests to carve kitchen. You are getting ready to sell your home and the kitchen is a sticky point with buyers … Now that you have your list, evaluate which are the most important motivation and explore them in order of motivation. Envision your budget starts to “middle” take note that these factors will move the budget up or down … ie. want to remodel to drive sales may move the budget down, renovations to wow guests max out your strength … etc.
Factor 3 Did someone say AGA? – List any “must have” for a kitchen remodel to be worth it for you. an example might be: granite counters, an island with an extra sink, two dishwashers, commercial quality gas range, etc.
Factor 4 Long life: We plan to stay in our house for a minimum of 4 years. As a practical rule, it takes 5 years for most renovations to appreciate and replace all costs. Because we are likely to be here at least 5 years I will not punish a budget, but because there is a good chance we will move right 5 years I will not add it as if we will stay if we stay longer.
Factor 5 Size Kitchen: Our kitchen is around 140squarefeet (SF). It was more than 9% of SF home, 2% above average. Obviously this kitchen will need some additional materials and cabinets. I will raise a 1% budget for this, I hope it’s enough.
Factor 6 Layout: We will change our kitchen layout is quite extensive. We currently have a stove peninsula. The range will go on a different wall and the dishwasher will move to the peninsula, even though we might throw the peninsula, move the fridge and add an island instead. About the only thing that will not move is the sink. I will add 1% to my budget, again hoping $ 1800 (1% of our 180k value) is enough to cover up electrical changes and pipes.
For my base, I will use 20%. As I mentioned before, there will be people who will argue with me about it, but the lower it often doesn’t leave you with a budget number that can be applied to renovation of a full blown kitchen remodeling ideas. I added 4% based on my factors listed above. The value report I saw that in the Central Atlantic region, the main kitchen renovation was $ 59, 098. It seems like my budget can be a little low, especially because I really want granite countertops and fees vs. Value specifications call for laminated tops. On the other hand my kitchen was significantly smaller than their 200SF benchmarks, so I thought I would go with my budget number and see what my contractor could do for me in the budget.