Estimating Your Kitchen Remodeling Costs
“remodeling costs” “kitchen plans” The first question most people ask is: How much is it going to cost? What you end up paying depends on three things that you can choose and one that you can’t. First, the material you select for your kitchen plans will have the biggest impact on the price; it’s also where you have [...]
“remodeling costs” “kitchen plans”
The first question most people ask is: How much is it going to cost?
What you end up paying depends on three things that you can choose and one that you can’t.
First, the material you select for your kitchen plans will have the biggest impact on the price; it’s also where you have the most choices.
Then there is the cost of installing the materials you have selected. For this you can take the lowest bid.
Finally, how much you pay will vary with where you live. You can’t do much about this! Construction costs vary widely throughout the country so the geographic location you are in will pretty much dictate the going rates.
When doing a remodeling project figuring out how much to spend can be the big question.
Some things to consider would be:
What condition is the house in and what era does the current style suggest and what would you like it to be?
What is the current market value of your house before remodeling and what is the average market value of comparable sized homes in the neighborhood? How long do you actually plan to stay in the home? Is it a flip? Are you planning to live there for 2-4 years? 10 years? Forever?
Whatever amount you feel comfortable spending…or that your budget will allow…you should keep in mind that your home is still an investment…possibly your biggest investment…and you want to have the highest return possible on your investment, especially if your turn around time is sooner rather than later.
You don’t want to remodel all of your equity away. Some projects add value to the home and others just eat away your equity with no return at all. Fortunately a kitchen remodel is something that recaptures nearly 100% return if you stay within the maximum 15% of the home’s current market value.
It’s always a good thing to check out other homes in your neighborhood and see what the competition is with comparable homes so you can stay in the game and even have an edge when it comes time to sell. You want to make sure yours compares best to others in the same price range, however, your net profit is still the end game.
But on the other hand, if this is the home you plan to be in for many years to come, the pleasure you would receive from having your perfect dream kitchen, experiencing delight and appreciation on a daily basis, should never be underestimated either.
I personally believe we should all do things that bring us pleasure and joy into our lives on a daily basis….but it’s all a balancing act so the purpose of your remodel needs to be taken into definite consideration.
The 5% to 15% Rule is a handy tool to help determine how much you spend on your kitchen project.
kitchen cabinets remodeling
Remodeling Costs * Kitchen Cabinets
Planning a kitchen remodel?
Tags
Custom Remodeling, Discount Kitchen Cabinets, Do it Yourself Home Improvements, Home Design, Home Designs, Home Improvement & Maintenance, Home Improvement DIY, Homes Renovations, House Remodeling, Ideas for Kitchens, Kitchen Cabinets, Kitchen Designs, Kitchen Plans, Kitchen Remodel, Remodeling, Remodeling Costs, Remodeling Houses, Remodeling and Construction
“remodeling and construction” “remodeling project” “diy” “remodeling” When doing any sort of remodeling or construction project, if it’s not a diy project and you’re not the contractor or doing it yourself, you’ll most likely end up hiring a contractor or tradesman to work on your remodeling project. There are a lot of horror stories floating around [...]
“remodeling and construction” “remodeling project” “diy” “remodeling”
When doing any sort of remodeling or construction project, if it’s not a diy project and you’re not the contractor or doing it yourself, you’ll most likely end up hiring a contractor or tradesman to work on your remodeling project. There are a lot of horror stories floating around of remodeling project nightmares and litigation with contractors that probably could have been easily avoided with better communication. Communication is critical in making sure that what you’re trying achieve is clearly understood by your contractor. For an example, in some parts of the country it is standard practice for some drywall contractors to screw in the ceiling drywall but nail in the walls.
If your remodeling project is in a humid part of the country, with all the fluctuations in humidity, you’ll have the nails start popping out within a couple of years whereas screwing the drywall eliminates this problem but if you just assume that your contractor knows you prefer him to screw in the drywall instead of simply nailing in the drywall and it doesn’t go the way you assumed it naturally would there could be a problem.
Another example is the exact height or placement of something. I remember one project I had to put in a through the wall air conditioner into a room and to me it seemed logical that the contractor would line up the top of the air conditioner with a hung picture on the adjacent wall because aesthetically that would flow much better and it never even occurred to me that he wouldn’t automatically know to do that.
I had only left the room for a few minutes but when I came back the hole was already cut and it was nearly 6 inches below where I assumed it would be but I hadn’t specified this with the contractor knows what you want. Make sure you specify everything EXACTLY how and where and when you want it. Putting all the exact details in writing is not just good practice but an absolute must. That will save you lots of frustration, do overs, and possibly even litigation.
Planning a kitchen remodel?
