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Remodeling Budget

A kitchen renovation is probably one of the biggest investments and steps to take in a home makeover as it reflects the owner’s taste in cooking, lifestyle, and storage needs. When you are about to embark on your kitchen remodeling, it may be tempting to include all the nice finishes, premium carpentry, and appliances that you have always dreamed of. However, you may be surprised that the actual remodeling cost can easily exceed your renovation budget and cause a hole in your wallet. How can one plan for a kitchen remodeling which sticks to the budget and at the same time achieve your desired kitchen?

Kitchen Budgeting Research

Your kitchen remodeling cost can range from affordable to over-the-top as it depends very much on your requirements, materials selection, the extent of the renovation, and the budget that you are willing to spend. With so many choices available when it comes to revamping your kitchen, it can be overwhelming to finally choose the exact style and look that you want. Thus, it is useful to make a list of “must-haves” and “wants” so that you can clearly see the difference in prices when you make budgeting comparisons.

Choose a New Kitchen Design

Firstly, identify your desired style and requirements for your ideal kitchen, and start researching from magazines or websites on what is available in the market, including the cost estimates. A good tip is to shortlist two to three different options for the main components such as the countertops, cabinets, and floorings so that you have the flexibility to stay within the overall budget if one of the cost items exceeds. For example, if your desired countertop proves to be too costly, you can reduce the selection of your kitchen appliances to balance the overall budget.

Determine Your Kitchen Remodeling Budget

Other considerations that affect your kitchen remodeling budget include: Is your current kitchen still functioning? How often is the kitchen used for cooking? How much refrigerator space is required? Is the kitchen frequently used for entertaining guests? Do you need an island top or a built-in bar? All these questions can help you decide on your new kitchen’s setup, design, and functionality of the layout.

In particular, below are the items that you should include in a kitchen remodeling budgeting process:

  • Labour and installation
  • Cabinets and hardware
  • Kitchen countertops
  • Kitchen appliances
  • Flooring
  • Kitchen lighting
  • Ceilings, walls, windows, and doors
  • Plumbing works and faucets
  • Professional design fees

Work with a Professional Kitchen Remodeling Team

If you are still unsure on how much to budget for your kitchen remodeling project, reach out to Kitchen Magic who will provide you the best recommendations on the process. Right from budgeting, planning, designing, and actual kitchen installation, we have a team of experienced professionals who will guide you along every step of the way. We also have kitchen financing options for customers who may need extra help in reaching your kitchen goals, where our kitchen design consultant will work with you to determine what option is best for you based on your current situation. Another option is refacing your kitchen cabinets, which only costs half the price of new customized cabinets! For more information, head over to Kitchen Magic to learn more on how we can transform your kitchen today without breaking the bank.

Did you know we have

flexible financing options

available for your new kitchen?

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