subject: Kitchen Remodeling - Costs To Consider [print this page] When it comes to kitchen remodeling, one of the biggest questions that homeowners need to ask is how much will it cost? The closer you are to getting the right answer, the better your chances are at renovation project success. The budget is among the most crucial factors that allow homeowners to finish off in the most cost and time efficient way. Going through such home improvement without enough financial preparation can end up with a disaster. And to avoid such mayhem, this article lays out the costs that you need to consider for an efficient kitchen remodeling plan.
Costs Vs. Value
Kitchen remodeling is among the top home improvement projects when it comes to return on investments. But this does not mean that the larger sum you put into the budget, the greater will be the return. According to Cost vs. Value Report 2009-10 of RemodelingMagazine.com, a mid-range major renovation costs from $21,695 to 58,367 with a return of 68.7 to 72.8%. While an upscale, major renovation project costs around $113,464 with a 59.7% return.
Evaluating Your Needs
It is crucial to put everything into writing. Before creating a list for jobs to include in your kitchen remodeling which is very important to get an estimate, evaluate the area and enlist what needs repair or replacements as well as the changes that you want. Tip: Prioritize needs over wants for an efficient finish. Overlooking maintenance and repair problems can lead to more expenses and unexpected problems in the future.
If you have plans of reselling the house soon, avoid unnecessary costs such as buying brand new appliances. The best ideas to boost to include in your plan would be refacing cabinets; refinishing wood features such as flooring, cabinetry, and wooden counters; wall painting; and updating hardware and adding accents.
Estimates
Today, you can take advantage of different kitchen remodeling calculators from home improvement and contractor websites. But you have to take note that the preciseness of the result relies greatly on the accuracy of your inputted values. So be meticulous when getting measurements, etc. You can also get estimates from qualified contractors.
When estimating costs and establishing a budget, make sure to add around 10-20% to the total figure you will be preparing. According to an MSNBC article, no matter how well you have planned the renovation project, a kitchen remodel will doubtlessly take longer and cost more.
Discounts
If you want to cutback on costs, do so without cutting corners. There are smart ways to go about kitchen remodeling to enjoy great discounts. What you have to do is focus on areas where a huge portion of the budget goes to:
1.Labor costs - There are tasks that you can easily do yourself and there are those that are best handled by contractors. Browse through your list of tasks to complete, and determine which you can efficiently work on as a DIY renovation project. Since kitchen remodeling is mostly done indoors, you can schedule the job on an off-peak season to avail of contractor promotions.
