How to Establish a Budget for Your New Kitchen Remodel

White cabinetry in modern kitchen The dream of most homeowners is to have their kitchen remodeled, upgraded with new countertops and equipped with modern appliances without spending too much money. If you are in for a kitchen renovation, then it’s important to ensure that your dream kitchen is set a realistic budget before you start looking for kitchen ideas or shopping for appliances. Be a smart homeowner by sticking to a budget and not overspending. A kitchen can make or break a good first impression and can also greatly affect the value of your home- simply because it is the heart of a home. Use this guide to help you establish a budget for your new kitchen remodel.

Understand What the Average Kitchen Remodel Costs in Your Neighborhood

Before you set your budget, it is crucial to compare the cost of remodeling to some homes in the neighborhood that have undertaken a remodel. This will depend on whether you want a major or minor kitchen renovation. Your remodeling scope and costs should be comparable with your neighbors to give the competitive advantage on the market. The type of renovation that you intend to undertake should be in line with the type of your home. Keep the project balanced to what is characteristic for your neighborhood.

Make a List of Priorities

There is a wide range of components required in a kitchen, all of which differ in the degree of cost. Having a budget in place means you are ready to make compromises. If you want an environmentally friendly kitchen, it’s important to know that you have a limited choice of materials. It could also be that you want marble countertops but can’t afford the installation costs. If you consider yourself to be an at-home chef, then you will probably require high-end appliances and you should, therefore, be ready to allocate more money towards these appliances. Be realistic about the components that you need and those that you want. In addition, you should know the varying proportions in the costs of these appliances.

Prepare for Unexpected Costs

Unexpected costs are inevitable in a kitchen remodeling project and can come up at any time. You, therefore, need to allocate about 20% of the total amount for unexpected expenses. These costs will cover for bad electrical wiring, water damage, plumbing challenges or any unforeseen that will require additional labor and workarounds. Budgeting for these unforeseen costs is crucial if you want to achieve what you wanted without sacrificing some crucial plans.

Choose How You Will Finance the Kitchen Remodel

You should be able to determine the right course of action for paying for the project. This can be done by sitting down with your family and even your financial advisor. Getting a big loan is not always the only way to finance such an important project. It is smart to save before you spend. However, if you don’t have this option, speak with your mortgage broker to understand the best way to finance your kitchen remodel. Before you meet these parties, have a general idea of the overall budget amount, your home’s valuation, your income, and other expected costs.

Whether you are just adding new appliances or completely remodeling your kitchen, developing a budget and sticking to it will keep you accountable for unplanned costs and also, enable you to avoid losing control of the project. In this way, you will be on the right path to achieving the kitchen of your dreams. Get out of your comfort zone, and do your research to find out the costs of different products and services that you’ll need.

See What Our Customers Have To Say

Kitchen Remodel.
New cabinets
New granite countertops
New backsplash

Very knowledgeable about the work. Timely execution. Excellent workmanship. Executed the work within budget.
The people went out of their way to work on add-on features.

R. G.

Kitchen and bath remodels are complicated projects that require good up front planning and experience. Zayne and his crew have delivered excellent projects for me on repeated occasions. Each time the work has been completed on the agreed schedule and above my expectations. Most importantly it is critical to work with someone you trust and that has the knowledge and experience required – Lifestyle truly fits this description.

Michele R.

What a great experience to have such a reliable, professional company come to work in our condo! Zayne was so nice and helped us find the perfect cabinets for our kitchen. Dion, who works for Zayne did a wonderful job in completing the projects. We also had electrical, painting, and additional carpentry completed. Everything went just the way we wanted. We could not be happier. We are also going to get additional pricing for more work that we want to have done in our condo in the future.

Bringpeace

This team is absolutely amazing!! I could not be happier with the way my kitchen turned out. I had a vision and they were amazing in building exactly to what I had pictured. They were on time, a pleasure to work with, efficient and kept right on schedule. Kurt made sure that we were happy at every turn and acted immediately on every request. Thank you!!!

Stacy C.

Lifestyle Cabinetry and Millwork were excellent. They were fast and efficient and always respectful when they were in my home. I loved working with Kirt and Zayne. I would recommend them to anyone! You won’t be disappointed.

Toni B.

Zayne and his professional staff are absolutely the best in home renovation.

Zayne’s crew are professional, courteous, prompt, polite and offer suggestions while on site. The quality of the workmanship and materials are first class. Zayne will work diligently with you to develop your vision of your project and point out the constraints of your home and how you can proceed to achieve the end result.

Zayne expresses serious concern about your budget and how to accomplish your ideas without spending unnecessarily. His sub-contractors and suppliers are all equally welcoming and patient when you are working with them to find the cabinetry, trim, stone, paint and other materials that are not “cookie cutter”.

We highly recommend, without reservation, Zayne and Lifestyle Cabinetry and Millwork to anyone with a large or small project.

Robbi K.

We used Lifestyle Cabinetry and Millwork for a complete master bath remodel. The workers were friendly, cooperative, and showed up on time every day. The work was high quality and we are so pleased with the end results. We would definitely recommend them to others.

Y. L.

Wow! Zayne and his team were great. Always responsive, always professional and they provided high-quality work on a tight timeline. Every contractor on the Lifestyle team impressed us without exception. We would highly recommend Lifestyle Cabinetry and Millwork.

Leslie A.

I couldn’t have been happier with Zayne and his crew. Zayne presented a clear-cut plan for our project and stuck to it throughout the whole process. His guys did excellent work and were respectful while in my home. I wouldn’t hesitate to recommend Lifestyle Cabinetry and Millwork to anyone for any project.

P.M.

Lifestyle Cabinetry and Milwork re-constructed our kitchen and bathroom in 2013. They were meticulous, very professional and friendly. We are very pleased with the workmanship and wouldn’t hesitate to hire them for another project in the future.

Ron N.

This is a professional company in every sense of the word! We hired them to completely remodel our kitchen when we purchased a 20 year old house. They did an amazing job! They were there when they said they would be. They worked full days with few breaks and the quality of their work was superior. I would definitely recommend them and will use them again on future planned projects!

S. T.