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 counter top 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 kitchenand bathroom remodeling to home additions and storage sheds. Contact http://www.jfcremodeling.com
today for your entire home renovating needs.
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