Remodeling a kitchen is a huge undertaking whether you are completely gutting the whole space or just updating a few key elements. No matter where you are at on the spectrum in remodeling your kitchen space you will be investing time and money so you want to start with a solid plan of action. Before you tear out the cupboards or bash the walls you will want to negotiate a budget that takes into consideration your priorities as well as the must have desired renovations. The most common mistake that is made, when it comes to remodeling your kitchen, is running over budget.
Budgeting 101
When it comes to determining a budget for your kitchen remodel you need to determine how much you have to spend and if it is enough to cover what you want. Look online there are a variety of budget worksheets to help determine if you have enough money to move forward with the remodeling process. If you have not saved enough money you will need to consider if a loan is in your best interest.
Some questions to ask: How long do I plan on living in this home after we remodel? What are my current outstanding debts? Do I have enough monthly income to cover the additional loan payment? All of these questions will lead to answers that will help you determine a finite budget for your kitchen remodel. Once a budget is set in stone you will know exactly how much you have to spend on the remodel and can delegate funds accordingly.
Delegating The Budget
Once you know how much money you have to spend on your remodel you can delegate money accordingly. If you find that your budget doesn’t cover the cost associated with a full kitchen remodel you may consider minor upgrades to the kitchen instead. It is amazing what a fresh coat of paint, some cabinet resurfacing and a new countertop can do to update the look of your kitchen. When you are on a set budget you will need to work diligently at delegating money out to ensure that the top priority renovations within your kitchen are covered before non-essentials.
When you are working with an unlimited budget, the sky can be your limit. It is important, even when you are on an unlimited budget, that you take into consideration the price that homes in the area are currently selling for. The worst possible situation you can get into is over valuing your home when in comparison to others in the area. This is a sure way to lose money when it comes to selling your home.
The Basics
When you are planning your kitchen remodeling keep in mind the following:
- Decide the budget for your kitchen remodel.
- Choose where to spend the bulk of the budget. What is most important to you and what upgrades are secondary?
- Are you going to hire a home remodeling contractor or are you considering doing the renovations on your own?
- Add a cushion to your budget as something unexpected always happens when you least expect it to.
- Remember that a solid plan of action, along with a complete budget will help for a smooth kitchen remodel.
Jason Foldenauer Construction, out of Howell and Brighton Michigan, offers a variety of home renovations to clients ranging from kitchen and bathroom remodeling to home additions and storage sheds. Contact http://www.jfcremodeling.com today for your entire home renovating needs.