There are three main categories of homeowners when it comes to kitchen remodeling: those who are afraid of the cost of remodeling and hesitant to start the project, those who don’t think about cost and end up overspending and those who are aware of their budget and have a plan to stick to it.
As local experts in kitchen remodeling in Phoenix, AZ, we’ve seen all three types of homeowners come through our doors, but we try our best to make sure that, by the time their kitchen remodel is finished, they fall into category three. When helping our clients determine a budget and stick to it, we have a few expert tips that we like to share. If you are looking into budgeting for remodeling in Phoenix, AZ, these tips are a great place to start!
Know how much you are willing to spend
Deciding on a budget as early on in the process as possible will help you keep your expectations to something you can reasonably afford. You should also think about your return on investment (ROI). If you are planning to stay in your home for many years to come, the use and enjoyment you get out of your kitchen will be your main ROI. If you are planning to sell, however, you should only spend money on things you know will get you a good return when you sell your home.
Set aside 20 percent of your budget for the unexpected
Unexpected things come up during most remodels, no matter how well you try to plan for them. So, while it may hurt to put aside 20 percent of your budget, it’s better to be safe than sorry. Plus, if all goes well, you can then use those funds at the end of the project for fun extras.
Plan for the things that don’t go into your kitchen
During a full kitchen remodel, it’s important that you also plan for the cost of eating out or having to get a hotel room for a few days. While you may think of these things as “extras” that don’t need to be budgeted for, keep in mind that just eating out for a week can easily cost a four-person family several hundred dollars.
Make a list of needs and wants
It can often be hard to separate needs from wants. For example, if you would only use a six-burner stovetop when hosting a holiday party once a year, do you really need the six burners? Could that money be better spent somewhere else? Once you make a list of needs and wants, you should then prioritize them by number. You will quickly learn to differentiate between what is a must-have and what is a want-to-have.
By following these few simple tips for budgeting for remodeling in Phoenix, AZ and working with an expert kitchen remodeling contractor, you can get a kitchen you’ll love at a price you can afford. For more tips like these, or to schedule a free in-home design consultation, contact Petrus Countertops and Remodeling today!
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