5 simple tips to make budgeting for your kitchen remodel easier
A kitchen remodel takes a lot of planning, and can be a strain on your resources too.
First, you have to decide what exactly you want your new kitchen to look like:
- What materials you want your cabinets and countertops to be made of?
- Do you want to change the layout of your space?
- Do you want to change the flooring too?
- Do you need to take care of old plumbing, electrical wiring and mold damage?
All these factors can drastically influence the price range of your kitchen project and cause some unpleasant surprises.
We want your remodel to go flawlessly, and without any financial struggle, so we’ve collected some tips to make budgeting a little bit easier.
Tip #1 – Set your priorities
Before jumping into a remodel, it is essential to make a list of what you MUST renovate in your kitchen and what extra details you can add later on.
Focus on what really needs work and what is necessary for your kitchen to function properly!
Do your cabinets need to be refinished, or they are falling apart?
That’s what you need to take care of first.
You can think about adding a lazy susan and inside cabinet lighting later on.
Tip #2 – Set your limits
Before asking for a quote, set some realistic spending limits and do your best to stick to them.
Do a little bit of research to have a good grasp on the expected cost of your remodel.
When setting your budget, also think about how long you are planning to use your new kitchen.
If you’re building your forever home, then you should consider your own comfort and you might want to treat yourself to a slightly more expensive remodel.
After all, you are going to use that kitchen for decades to come.
Tip #3 – Keep track of your spending
First off, you need to identify the major cost drivers of your remodel.
Cabinets tend to be the most expensive part of any remodeling project, which is no surprise considering how much space they occupy in the kitchen.
Durable, quality materials are quite pricey and added storage solutions and shelves can further increase the price.
Then create a spreadsheet where you can keep track of how much you are spending on each item of your project.
This way you will see where you are spending more than you were supposed to, and make the necessary cuts accordingly.
Tip #4 – Be prepared for hidden (and sometimes expensive) items
Even though a good contractor will know what additional expenses might come up, there are many unexpected conditions that can be uncovered throughout a remodel, such as hidden mold, leaking pipes, gaps in the flooring and so on…
Obviously, to have a fully functional and safe kitchen, you will need to address these problems and have them repaired as soon as possible, which creates extra labor cost.
We suggest that you set aside some extra resources in addition to your planned budget in case these unpleasant issues arise.
Tip #5 – Think about using Simple Living Kitchen & Bath’s financing option
To help our customers build the kitchen of their dreams, we offer financing up to $100,000.
Get in touch with us to find out more about our rates and financing options!
Ready for a new adventure?
We hope these budgeting tips were helpful, and nothing can stop you now to come up with a reasonable financial plan for your kitchen remodel.
Get in touch with us and let’s talk about your ideas and options!
For a personal consultation, visit our showroom: 201 SE 2nd Place Suite 114, Gainesville, FL 32601!