If you’ve ever remodeled anything in your home, you know that it’s very easy to go over budget. Remodeling your kitchen can especially be a nightmare because of all the different elements that must be considered. However, it’s easier than you think to stay within your budget, it simply takes a bit of planning and diligence on your part. Here are six tips to help you stay within your budget during your kitchen remodel.
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Always Have A Plan
The worst thing to do when beginning a remodel is to begin without having your entire plan in place. Before a hammer ever hits a nail, you should already have a blueprint for your kitchen remodeling process. Simply put, one of the best ways to break the budget is to not have one at all.
Having an idea of what your remodel should cost and comparing that to how much money you can afford to spend is the first thing that you should do before beginning a remodel. It may seem like a simple process, but the costs can add up very quickly. Your budget is the foundation that will help keep things on track.
Begin by analyzing your finances to see how much money you can afford to spend. If needed, there are often financing options available to help your remodel. Spend some time doing research to see if it’s possible to get additional financing. Once you’ve got a solid limit on how much you can spend, you can begin breaking that amount down into the necessary aspects of your remodel: products and materials, labor, etc.
Plan For The Splurge
According to Houzz, the main reason that people tend to go over their kitchen remodeling budget is that they tend to choose pricier products and materials. When remodeling a kitchen, there are tons of gorgeous and fun materials and finishes that can really give your space a luxurious look. However, these costs add up.
Chances are, you’ll come across something that you’ll want to splurge on. Rather than simply opting for the special upgrade on a whim, allocate a small portion of your budget for “extras”. Once you’ve decided the specific amount that you can afford to spend on a non-essential design element, stick with it.
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Plan For Hidden Costs
Not planning for hidden, unexpected costs is a major way to break your remodeling budget. When you’re doing a major home remodel or a renovation, there are plenty of things that can go wrong. From termites, to plumbing leaks, to unknown structural issues, to accidental breakage of new products, there are plenty of ways that unforeseen costs can pop up. Homeowners with older homes and those undergoing massive projects that require the space to be gutted should especially plan for unforeseen costs.
No matter the extent of your kitchen remodel, always plan for the unexpected. Reserve upwards of 15-20% for unexpected costs. Even if your remodel is seamless, you’ll have the peace of mind of knowing that you’re covered. If for some reason you don’t even up needing that extra money, it can be saved or used for further decorating your newly renovate space.
Plan To Stick To Your Plan
Another common way to break your budget is to change your mind during your remodel. Consider this scenario: you’ve chosen a mosaic backsplash tile that you adore, but once the installation has begun, you realize that the backsplash clashes with your countertop, so you decide to go with another tile.
Not only is this annoying to your contractor, but it ends up costing you more in the long run. The more you change your mind during the remodeling process, the more money you’ll end up having to spend. It’s also quite unnecessary since manufacturers and fabricators almost always offer samples of their products.
Before installation begins, gather up samples of all of your materials, bring them into the space and see how they look together. Buying extra samples costs much less than buying a new set of cabinetry or a new set of backsplash tiles.
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Plan To Communicate Thoroughly
When undergoing a kitchen remodel, there are often many individuals involved in the process. From the kitchen designer to the product manufacturers to the contractors, there are many people who need the proper information in order to deliver the kitchen that you need.
If you decide to work with a kitchen designer, be sure to go over the design with them thoroughly. Designers often have questions about what elements you want in your kitchen, but it is your responsibility to make sure that you communicate exactly what you desire. A great way to do to this is to find photographs in magazines or online to show as an example. Your designer can take these images and work with you to recreate the look you want within your space.
Communicating clearly with your contractor is also of extreme importance. If you are working with a designer, they will provide you with designs that your contractor will need to follow closely in order to physically create the space. Make sure that you and/or your designer discuss your design in detail with your contractor. There are often intricate details that aren’t obvious in the design itself. Going through the design will ensure that everyone is clear on what the final outcome should be.
Of course, the consequence of not communicating clearly is that you may receive a design, product, or even a partially installed kitchen that doesn’t really look like what you desire, and chances are that it will cost you more money to fix whatever mistake was made. Proper communication from the very beginning can prevent this from happening.
Plan For Mistakes
When it comes to complex projects such as remodels, mistakes are bound to happen. With so many people involved and so many factors to consider, it’s quite easy for someone along the line to make a mistake. Even though it’s not fully in your hands, you can mitigate the damage to your budget by simply planning for the mistake. This can be lumped in with your “unforeseen” costs, but if your project is large and complex, you may want to reserve a little more.