How To Determine Your Kitchen Remodeling Budget

When embarking on a kitchen remodeling project, establishing and maintaining a realistic budget is crucial. Unexpected expenses can quickly derail your financial plans, whether it be due to a delay in material shipments or hidden problems that the remodeling job uncovers. Careful preparation is essential to getting your job completed correctly. This is a process that is much easier said than done, so what do you need to do to determine an approximate number? We’ll show you exactly what factors you need to consider for this goal below!

Assess Your Home’s Overall Value

Before you can determine your kitchen remodeling budget, it’s always a good idea to get an approximate property value for your home as a whole. You want to spend money where it will add the most value to your home! A good rule of thumb is to use a real estate agent to calculate your home’s value, and then be prepared to spend a fraction of it to achieve your kitchen remodeling goals. Typically, you should expect to spend around 15 to 20 percent of your home’s overall value.

Determine Your Biggest Goals 

Now that you have a better understanding of what your home is worth, the next step is to determine your “must-haves” for your kitchen remodeling project. Take time to evaluate what works and what doesn’t in your kitchen. Do you need an island? A better workflow? More room for guests and family?  What would you most like to improve? Determine the priority of jobs you want to complete to ensure that the most vital components get accounted for. Talk to a remodeling expert to help you prioritize and understand what is possible.

Prepare For Contingencies

Not every job will go according to plan! In fact, in your budget, you may want to set aside additional funds to account for any delays or changes in the project. If you don’t plan for them, there is a chance you could go over your budget! The more you can prepare, the better shape you’ll be in once your remodeling project begins.

Expert Kitchen Remodeling With Tri State Kitchens

Budgeting is only a part of the kitchen remodeling process. You need the assistance of an expert team that has a proven track record of transforming kitchens for satisfied homeowners. Tri State Kitchens is the perfect team for the job! We’ll ensure that no matter what goals you have for your new kitchen, we’ll deliver. Contact our team today to transform your kitchen for your entire family!