Calculate Your Cabinet Budget
There are few home renovations which pay back the homeowner like an investment in a kitchen remodel. In fact, real estate specialists say that even in this difficult economy, a kitchen remodel can return 70-120 percent upon resale of the home. Here's a handy calculator to help you determine how much your kitchen remodel budget should be and how to break down each of these costs.
How to Create a Remodeling Budget
When trying to work out a budget for your remodel, try the Kitchen Cabinet Kings calculator above. Aim for a kitchen remodel worth 15 percent of the home's fair market value. Above this level, youd spend more on the remodel than you'll be able to recoup in equity.
Also, stay under budget by 10 percent to allow for overages. For example, if you're willing to spend $5,500 on your remodel, budget for $5,000. The extra 10 percent is your safety net.
According to the National Kitchen & Bath Association, a good break down of your overall budget looks like this:
- 48 percent on cabinetry
- 18 percent on countertops
- 15 percent on appliances
- 6 percent on plumbing: sinks, faucets, etc.
- 5 percent on electrical: lighting, etc.
- 5 percent on flooring
- 3 percent on trimmings: walls, moulding, etc.
Play with these numbers to what suits your needs. For example, if you feel appliances are more important than upscale lighting or you're willing to sacrifice a fully featured dishwasher for better flooring, then do it! This is just a general guideline based on the average kitchen remodel. Just be sure to adjust one element of the design down to compensate for any area where you go over.
Planning Your Budget
Always select your appliances first. This way, you never have to worry about whether your new refrigerator or oven will fit in the allotted cabinet space. Keep the measurements of all your chosen appliances handy to refer to as you select the cabinet design and layout.
Be sure to include areas on the countertop to accommodate the microwave, coffee pot, canister sets, and other items you keep there. Also, make sure your cabinets have ample room for your cookware, dishes, spices, and other things normally tucked out of sight. Once you've selected your appliances and planned your cabinet layouts, you can begin selecting wood grains and finishes, countertop materials and colors, hardware for the cabinets, light fixtures, and flooring to match.
Kitchen Cabinet Kings offers 24 different door styles for creating your ideal look. Additionally, we have a number of stainless steel and hammered copper sinks to match your home's style, from traditional to contemporary. Many of these high-quality selections are KCMA certified and CARB 2 compliant, made from cabinet wood species like real oak, maple, bamboo, cherry, or birch hardwoods. Carefully considering these factors will help to prevent you going over budget with costly retro-fits.
After you've made all your selections, but before you've put in your purchase orders, review your wish list and compare it to your final budget. Are you 10 percent under budget? Have you divvied up the spending like you wanted? Is there something on your wish list that would fit in your budget after all? It's good time in the process to review; you have a good idea of what everything costs but haven't yet made a financial commitment.
As you make your selections, take note of special sales or items that may be discontinued. If you're not sure your selections will still be available at that price in a couple of weeks when you're ready to order, go ahead and place the order early. Nothing is more frustrating than selecting the perfect refrigerator and being unable to get it when you're ready for it.
Think Beyond the Price
Kitchen Cabinet Kings' primary mission is to best serve our customers; subsequently, we use our customers' feedback to optimize our products and assist future customers in making the best choices. Many of our customers have provided us with some insight into their own "buyers remorse" list when thinking back to their kitchen remodels. Here are some of the most common things they said:
- Quite a few customers reported that they wish they had a fuller idea of whether or not they would need an experts help. Many felt that it would have been best to spend more time evaluating the scope of their project beforehand.
- Just as many customers expressed regret at not having replaced obsolete appliances prior to choosing and installing new cabinetry. If your own appliances are becoming aged or outdated, you might want to check out our selection of home appliances before moving forward with your renovation.
- Still others said they regretted not having really examined their list of "wants" more carefully. While its important to prioritize needs over wants, you may find its just as important to add a few extra amenities to really personalize your new kitchen.
In the end, your kitchen renovation will be an important and rewarding investment; you won't just see the dividends in terms of added value, but you'll also be improving quality of life. After all, you and your family spend a great deal of time in this space. Its important to be confident that you've achieved the correct equilibrium between managing your budget and getting optimal functionality. If you manage to do that, you'll see an immediate return on your investment.
Start designing your kitchen >Contact Us >Kitchen Remodel Cost Estimator | Cabinet Budget Calculator
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