What to Know Before Remodeling Your Kitchen (Infographic)
Sometimes you need to spend money to make money. By investing in a timely kitchen renovation, you can add significantly to your home’s resale value should you later decide to relocate. The rule of thumb for setting a kitchen remodeling budget is to cap it at 15% of the overall value of your home, which gives you plenty of scopes to transform this statement part of the home without spending excessively.
When the total for the renovation budget is determined, you’ll then need to decide how to apportion that figure. Let’s say you’ve set aside $60,000 for the kitchen remodeling. Of course, it’s up to you to decide what features matter the most, but ideally, you’ll allow roughly 35% (approx. $20,000 in this example) of the budget for construction costs like labor, windows, and flooring. After that, the next biggest expense is likely to involve cabinetry, so give 30% of the overall budget to that if possible. Appliances and countertops should account for roughly 10% each, leaving around 15% of the overall budget for comparatively lesser items like lighting and plumbing.
Kitchen renovation can be pricey, but there are ways in which you can cut costs without skimping on this very important project. If the current kitchen feels small and you’re looking to expand, you don’t need to build a new one from scratch. It’s a lot cheaper to take a redundant area adjoined to the current kitchen and incorporate it into the new one or to knock an adjoining wall so that the kitchen blends in with an adjoining room. These will make your space feel much bigger for relatively little expense.
Indeed, a study by Houzz in 2017 found that almost half of kitchen renovations were intended to either make a kitchen bigger or more open, so there is a clear desire for people to have more space in this part of the home.
Check out the infographic below (submitted by Pennywell Solid Surfaces) for further advice on how to plan a kitchen remodeling.
Author bio: Andrew Sweeny is the owner of Pennywell, providers of durable kitchen countertops based in Limerick, Ireland. He has a keen interest in all matters related to interior design and is always seeking to broaden his knowledge of the topic to apply new ideas to his business.