Budgeting for a Kitchen Renovation
Posted On: June 26, 2016
Nearly everybody has heard a horror story of going into a renovation with a budget then meeting one disaster after another. Budgets are often the main disaster as little changes add up, minds are changed or products become unavailable and new decisions need to be made.
There are two ways to help kitchen remodels go a little smoother, number one, choose an experienced renovation team! The second way is to budget and plan well.
Although we have given this project a rating of 10 in all areas, we would like to give our thanks…
Planning & Budgeting for Your Kitchen Renovation
There are quite a few categories that you can split renovation budgets into. From new appliances to labor costs. Breaking your renovation budget into these categorized can help you budget as best as possible for your kitchen renovation.
Here are the categories you will want to consider:
- Contractors and Labor: If you work with many different contractors from several different companies, this part of the budget can be hard to track. Often it is easier to hire one contractor and let them take care of all the different jobs. It may cost you a little more but it can help you keep your budget on track.
- Appliances: Think about what appliances you are changing out and what models you want. Do some research on how much these appliances cost and be sure to remember taxes, installation and delivery costs.
- Cabinets & Countertops: These should be planned on how much you can afford not the other way around. A good contractor will work with your budget to help you find the right solution for your home and style needs.
- Flooring: Whether you redo flooring or not will depend on how much you are changing in your kitchen and the condition of your current floor. Once again this should be modeled within your budget. Assign your budget first then fit the floor choice in. Remember to include installation costs.
- Fixtures: If you are changing out your fixtures you will want to write down exactly what you need. Faucets, handles, and lighting may need to be included. Think about what you need then research what is available that suits. You can then narrow down costs by exploring different stores and brands.
- New Furnishings: If you are adding in an island you will need to think about bar stools. Or maybe you are extending your kitchen and your current dining table will no longer fit. Remember to add new furnishing costs into your budget.
Planning & Budgeting for Your Kitchen Renovation
There are quite a few categories that you can split renovation budgets into. From new appliances to labor costs. Breaking your renovation budget into these categorized can help you budget as best as possible for your kitchen renovation.
Here are the categories you will want to consider:
- Contractors and Labor: If you work with many different contractors from several different companies, this part of the budget can be hard to track. Often it is easier to hire one contractor and let them take care of all the different jobs. It may cost you a little more but it can help you keep your budget on track.
- Appliances: Think about what appliances you are changing out and what models you want. Do some research on how much these appliances cost and be sure to remember taxes, installation and delivery costs.
- Cabinets & Countertops: These should be planned on how much you can afford not the other way around. A good contractor will work with your budget to help you find the right solution for your home and style needs.
- Flooring: Whether you redo flooring or not will depend on how much you are changing in your kitchen and the condition of your current floor. Once again this should be modeled within your budget. Assign your budget first then fit the floor choice in. Remember to include installation costs.
- Fixtures: If you are changing out your fixtures you will want to write down exactly what you need. Faucets, handles, and lighting may need to be included. Think about what you need then research what is available that suits. You can then narrow down costs by exploring different stores and brands.
- New Furnishings: If you are adding in an island you will need to think about bar stools. Or maybe you are extending your kitchen and your current dining table will no longer fit. Remember to add new furnishing costs into your budget.
You worked with us, very patiently, with picking out materials for the cabinets, backsplash, countertops, etc. You faxed us the…
Kitchen Renovation Budget Breakdown
When it comes to overall budget this is how the breakdown usually plays out, this will vary depending on what you are having done.
- Cabinets, Appliances, Flooring – 50%
- Countertops, Furniture and Fixtures – 25%
- Labor – 25%
You will also want to add a contingency for those things that pop up during the renovation. It is a good idea to have up to 20% in contingency added into your overall budget.
Kitchen Renovation Budget Breakdown
When it comes to overall budget this is how the breakdown usually plays out, this will vary depending on what you are having done.
- Cabinets, Appliances, Flooring – 50%
- Countertops, Furniture and Fixtures – 25%
- Labor – 25%
You will also want to add a contingency for those things that pop up during the renovation. It is a good idea to have up to 20% in contingency added into your overall budget.
Dear Robin, As most of your work is now done, I wanted to thank you so much for designing my…
Kitchen Remodeling in Delaware
If you are looking for a team of experts to help you stay on budget while creating your dream kitchen, contact the team at Bath, Kitchen & Tile Center.
Kitchen Remodeling in Delaware
If you are looking for a team of experts to help you stay on budget while creating your dream kitchen, contact the team at Bath, Kitchen & Tile Center.
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