Kitchens remain the most popular room in the house to renovate. It’s a big job, both in terms of cost and the amount of work that gets done. So before you hire a contractor and start bashing down walls, there are some important things to do. Namely, setting a budget, determining what you want, and planning how it all will fit.
Begin with the reality of budgeting for kitchen remodels: Kitchens are always one of the most expensive areas of the home to remodel. Bedrooms, living rooms, hallways, and even small bathrooms pale in comparison to the price of remodeling a kitchen. The good news is that a budget kitchen remodel is possible relative to the average cost of other kitchen remodels.
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.