Budgeting for Your Kitchen Remodel in Santa Fe, NM

Budgeting for Your Kitchen Remodel in Santa Fe, NM

June 25, 2019

Taking an outdated kitchen and turning it into a modern cook’s paradise is an exciting project. Unfortunately, the costs of a kitchen remodel can quickly add up. Before you start your kitchen remodel in Santa Fe, NM, be sure to plan for the expenses associated with remodel.

These tips will help you create your kitchen remodel budget and get the kitchen features you want without breaking the bank.

Create a Budget and Stick to It

Don’t start designing your dream kitchen until you have an amount in place that you are willing to spend on your kitchen remodel. Consider how you plan to pay for the remodel to decide what you are realistically able to spend. Some people choose to take out home equity lines of credit, while others have spent years saving up to pay for a kitchen remodel in Santa Fe, NM in cash. No matter how you plan to pay, come up with an exact dollar amount that you won’t exceed.

Other things to consider when setting your budget include how long you plan to stay in your house, and the overall character of your neighborhood. If you’re planning on selling your home within the next few years, set your remodel budget for only as much as you realistically can get back in the sale of your home. Likewise, you shouldn’t install a luxury, high-end kitchen if you live in a neighborhood with modest kitchens. You’ll likely lose the value of your remodel when you sell the home.

Your remodel budget should also take into account room for unexpected costs. In fact, you may want to dedicate up to 20 percent of your budget to the little things that are bound to pop up. For example, you may find that an initial estimate was below the actual costs due to the layout of your kitchen or other factors. This padding in your budget helps you reduce the chances that you go over your spending limit.

Prioritize Your Most-Wanted Remodel Projects

There are almost endless options when it comes to remodeling a kitchen. You can upgrade cabinets with completely custom cabinetry or install commercial-grade appliances. However, it’s unlikely that your budget will be able to accommodate every upgrade. Sit down and make a list prioritizing needs and wants for your kitchen.

If you’re constantly cooking, you may need top-of-the-line appliances. On the other hand, if your main concern is the look of your kitchen, custom cabinets may be a good choice for you. Make sure you know what’s more important to you so you can focus your budget on these things.

Don’t Get Tempted

Similar to having your wants prioritized, resist the temptation of added features or appliances. As you go through your remodel, you’ll likely run into new technology or features that seem like must-haves when you discover them. However, take the time to look at your budget and your priority list to really decide if you can fit new things into the budget.

Get Started Remodeling Your Kitchen

Get your dream kitchen and stay on budget with the help of Apple Construction LLC. Give us a call today to get started on your kitchen remodel in Santa Fe, NM.

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