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Tips for Creating a Budget for Your Kitchen Remodel

Planning your kitchen remodel near Bellevue involves more than just adding up numbers. A new kitchen design involves many decisions, and you’ll want to research all of your options before settling on materials and designs. Be prepared to visit showrooms and tradeshows and to examine countless magazine images before deciding on a budget.

Tips for Creating a Budget for Your Kitchen Remodel

Plan to Research

Thorough research and planning are vital to creating a successful remodeling budget—the more you know about your options, the less likely you are to change your mind during the process or to make a choice that you’ll regret later on. Remodeling experts recommend making a plan A and a plan B for all of your material and appliance options, just in case you hit any bumps mid-construction. Additionally, last-minute changes in your game plan can result in a significant increase in remodeling costs. An essential guideline to remember while budgeting is to determine how much you want to spend, what you want to spend it on, and to stick to this decision.

Plan Realistically

Facing the numbers honestly from the outset will make your budgeting and remodeling process go more smoothly. By realizing how much you can and are willing to spend on your remodel, you can rule out options that are appealing but unrealistic. Providing your contractor with an accurate number will also help him plan your kitchen design more effectively, giving you better estimates that will help you develop a more precise remodeling strategy. To give you a ballpark number, experts advise spending between six and ten percent of your home’s value for the best return on your kitchen remodel investment.

Plan for the Unexpected

Particularly vital for homes built in the 70s and earlier, setting aside a portion of your financial resources for unexpected issues and conditions will help prevent you from being forced to go over budget. It’s not uncommon for older homes to require electrical upgrades for newer appliances or repairs for structural damage that may be discovered during the demolition. Contractors recommend allotting about twenty percent of your overall budget to cover any unforeseen costs.

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