Whether your budget is big or small, the cost of a home renovation can quickly get out of control! I’ve gone through two budget-friendly kitchen renovations in the past three years, so I wanted to share some tips that can help you achieve and manage a renovation that works for your home and budget. Check out our first shoestring-budget renovation we did at our old home, and then see what we did in our newer home with a bit more money.
1. Don’t Overspend
Before you start planning, consider the market and decide whether a low-, medium-, or high-end kitchen remodel makes the most sense. Costs can run the gamut from $2,000 for a simple paint-and-hardware upgrade to $50,000 if you’re installing expensive countertops and luxury appliances. Knowing your neighborhood will help keep from overspending – you may not get your investment back installing travertine in your tiny starter – or worse, underspending. Let’s face it, you’ll never see Formica in a high-end home, and in fact, it may become a barrier to your sale.