We often talk about the details of remodeling in our blog posts, so today we’re going to take a broader view of kitchen remodeling. Instead of talking about materials and design, we’ll talk more about cost, budget, and whether you can borrow space or need to add more square footage. A lot of planning goes into a remodeling project. This is more of a starting point than our usual blog post.
Cost for Remodeling a Kitchen
The costs for remodeling your kitchen can range from $5,000 to more than $50,000 depending on the size of your home, changes to be made, and neighborhood home values. Don’t remodel your home to the point that it is the most expensive on the block, otherwise you won’t have a good return on the investment should you decide to sell.
Most homeowners don’t have the full purchase price of a home remodel tucked away under the mattress. You may qualify for a home equity loan or a home improvement loan. Also explore financing options for things like cabinetry, flooring, and countertops. Most home improvement stores have a store-branded credit card that offers a percentage off or no interest for 6 months.
Learn a New Skill
Doing some of the work yourself is a great way to cut some of the costs. Let’s say, for example, that you have toyed around with tile in the past and you’d like to tile your own kitchen flooring. We wouldn’t stand in your way. We are homeowners, too. We understand making the most of your budget and being part of the project in some way. It’s a pretty amazing feeling to pour your own time and energy into this labor of love.
Creating a Bigger Kitchen
It’s probably pretty obvious that if you need to add square footage, you either borrow from an adjoining room or build a home addition. You may be able to build into part of the deck if your deck runs the length of the kitchen. Some homeowners borrow space from a porch or patio, effectively increasing the square footage of their home. Otherwise, we would need to borrow space from an adjoining room. Few people use a large formal dining room, so we often borrow room there.
Stick with the Existing Layout
This doesn’t mean you have to stick with the same old stuff. You can change everything out and make it look amazing while increasing the functionality of your kitchen and keep the same basic layout. Moving plumbing and gas piping and rerouting vents and ducts requires more time and money than required for this type of project.
Learn Where to Splurge
You can save a little here and splurge a little there, and get the kitchen you want with the functionality you need. The big lesson here is learning where to save and where to splurge. The hard part may be choosing what is more important to you.