One of the most important parts of a kitchen makeover plan is the budget. Without a well thought out budget, you could easily get in over your head and in debt. There are many factors to consider when developing a budget, and it’s always best to overestimate than underestimate. The kitchen is a vital part of your home and you deserve the best that you can afford, so make sure your budget is accurate and on point.
Know What You’re Getting into for a Large Sized Kitchen Design
A kitchen remodel can range from something as simple as getting new cabinets to knocking down walls. The first step to creating a good budget is knowing what you’re getting into. Decide what you’re going to do as that determines everything. For example, if you’re getting new appliances such as refrigerator, oven or dishwasher, then there’s a range of prices for each appliance.
If you’re moving electrical or plumbing, then that will require a contractor unless you have a very good knowledge of such things. That’s one area that can be very costly depending on what needs to be done.
Don’t Forget a Timeline and Plan for a Practical Kitchen Design
Once a major remodel begins, it’s almost impossible to stop working completely. You can’t leave walls caved in and electrical wiring out for long periods of time. It’s important to know how long the remodel will last and when it will begin. This impacts your budget by allowing you to use incoming money to pay for the work.
For example, if you don’t have the money to purchase the oven when the project starts, you may have it two weeks down the road, on your next paycheck. Plan out the remodel from start to finish, so you can judge your budget for the specific weeks. The last thing you want is to have to stop work because you ran out of money.
Pad the Budget for the Unexpected Kitchen Makeover Problems
Many people like to plan the budget down to the dollar, but during every kitchen remodel there are bound to be unexpected hiccups. Maybe the electrical turned out to be more difficult than expected or you accidentally tore down a portion of wall that wasn’t going to be replaced, etc. It’s the hazard of any DIY project and these should be accounted for in the budget. Pad about 10 percent into the budget for the unexpected. Ideally, you’ll never need it, but it’s better to have it and not need it than need it and not have it.
If you want to get a plan for your remodel, then use our free kitchen design tool to get an idea of what your new kitchen will look like.