Kitchen remodeling may be one of the best ways to get a lot of value out of your home renovation budget. However, you still need a considerable amount of cash to make some changes possible. How much should you spend on a kitchen remodel if you want to make sure you’re getting cost-efficient results? Here’s a quick rundown from our team of renovation specialists.
Your Home’s Value As a Basis
Instead of using other projects as a basis, you need to think of your budget relative to the overall value of your home. As a rule of thumb, anything between 5 to 15% of your home’s value should be good enough; anything less and you can’t expect significant improvement, anything over that might already be overspending.
Know the Expensive Changes
While you do have an idea of how much you should be spending on your kitchen, kitchen, and bathroom remodeling experts say that every change shouldn’t always have to cost that much. There’s no need to put so much cash on a renovation if it only involves switching out cabinet doors, but major renovations such as adding a new sink or re-partitioning the room could easily go for more than $10,000. This will help you prioritize changes that would give you the most value given your current budget limits.
Prepare for Emergency Expenses
Some kitchen renovations might not be possible if the contractors find an existing issue. For example, upgrading your kitchen sink might require re-routing the old plumbing or your lighting may require a new set of wires and switch location. These could easily add about 20-40% of the original expected cost of your project.
Choose Competitive Contractors
Whether it’s cabinet resurfacing, upgrading a sink, switching out your appliances, or something else, you’re always better off leaving the work to certified contractors. This way, you are protected from unexpected expenses related to problems with the installation or the quality of the materials used in your project.
Let us help you get your dream kitchen remodel. DreamMaker Bath & Kitchen® Stuart is the most trusted home remodeling contractor in Jupiter, FL. You can call us at (561) 459-1004 or you can fill out this contact form to request a quote.
