24 April 2017

How to Save Money on Your Kitchen Renovation

The kitchen is the heart of the home, and revamping this room can make your home function better, feel better, and fetch a much higher price when it comes time to sell down the road. Kitchen renovations are one of the most popular undertakings for homeowners across the country, and it’s easy to understand why; a properly renovated kitchen can increase your home’s value by thousands upon thousands of dollars. The right renovations can also tailor your kitchen to your family’s needs, making your house work for you in the way you need it to.

Decide a Budget

As with any large expense in life, proper budgeting is essential. You’ll be amazed—and frustrated—by how quickly the expenses can add up for your kitchen renovation. The average cost for a high-end kitchen remodel comes in at a whopping $80,000, and while the true cost varies depending on your desired renovations, be prepared to spend a great deal, and be realistic about how much you can afford.  For most homeowners, a kitchen renovation is completed with thoughts of resale in mind. If you plan on selling your home within the next few years, you’ll only want to invest as much in your kitchen as you’ll recoup when you do sell your home. If you plan on staying in your home for a long time, you may be willing to spend a bit more to ensure your family receives the functionality and comfort they need. As you create your budget, be sure to plan out where exactly the money will be going. Will you spend the majority of your budget on new cabinets? Perhaps you’re in need of new energy efficient appliances from Energy Star—those will take a serious chunk out of your total spending allowance. As you detail your budget allotments, be sure to set aside a good portion to handle the unexpected tasks and reworks that inevitably arise during a remodel or renovation.

List Out Your Priorities

It’s important to understand just which renovations are non-negotiable, and determine those that may be nixed if your budget becomes strained. Are you more interested in improving the functionality of your space? You may be able to forgo that pretty backsplash behind the stove. Perhaps you’re on the hunt for style; you may find your appliances are still in good condition and don’t require replacing quite yet.

Prepare to Dine

With your kitchen in shambles, you’ll need to make a plan for dining. This may seem silly, but it’s important to consider the fact that you’ll have no stove or oven to work with. Your family may find themselves eating out more, ordering delivery, or sticking to microwavable meals. Make sure you have a dining plan in place. As eating out often can get expensive, you’ll need to plan for this cost during the budgeting stage.

Learn How to DIY

While you can’t handle an entire kitchen renovation on your own, it’s important to do the work where you can. Taking on some of the renovation and demolition tasks yourself can save you thousands of dollars. Don’t hire professional help when your own two hands are able to do what you need done. You don't have to spend a fortune on building materials. Without proper planning, DIY renovations can end up being more costly than expected due to material costs. Luckily, with the right amount of time and strategy on your side, you can get discounted materials and save money. Find Lowe's coupon codes and save a bundle on building essentials for your kitchen renovation. From cabinetry to sinks and hardware, learning how to shop for discounted materials will prove to cut costs significantly.

If you’ve decided to renovate your kitchen, there’s plenty of prep work to complete before you begin knocking down walls and taking down cabinetry. Keep these features in mind and transform your kitchen into a modern oasis.

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