It is important to prepare a budget for your kitchen remodeling plan before you begin to implement it. If you don’t prepare a complete and detailed estimate before your kitchen renovation, you may find yourself in a spiral of spending for unbudgeted extras.
Limit spending on kitchen remodeling to about 15 percent of your home’s value.
Do some research on the cost of each component in your remodeling plan. Browse the Internet, collect product information, annoy friends who have remodeled, read, ask questions and make phone calls. Do everything you can to be informed. The more you know, the better you can make wise decisions.
The cost of appliances, countertops, cabinets, flooring, etc. will add between one-half and two-thirds of the total cost of the remodel. Find out the prices of these items and enter those figures in the budget. Similarly, make provisions for the cost of labor, design, contracting services, and permit fees.
The best way to list the items needed for the remodel is to write down everything that is installed in your existing kitchen. Visit appliance stores and ask sales staff questions. Meet with local kitchen design centers and ask for samples of the work they have done and ask about the cost. A professional will be able to give you details that you might forget.
For a kitchen that measures around 10×12 feet, a cosmetic kitchen upgrade can cost around $2,750 in products, including new cabinet doors, laminate countertops, vinyl flooring, a stainless steel sink and a chrome faucet.
If you want to upgrade to higher quality hardwood cabinets, ceramic tile countertops and floors, a coated steel sink, a pull-out faucet head, new appliances, and track lighting, the cost could range from $7,000 to $7,500.
A kitchen with semi-custom cabinetry, ceramic tile or laminate flooring, a cast-iron sink, designer faucet, upgraded appliances, bowl lighting, and granite or solid-surface countertops could cost as much as $16,500.