Keeping your remodeling budget within budget is a challenge in itself. The smallest deviation from the plan can place your project budget at risk. In this blog, the kitchen renovation contractors at Advantage Contracting shares tips on how to plan your design budget.
Set Your Priorities
Before you choose colors, finishes and materials, make a list of what you want to accomplish. For example, if you need a more spacious and more efficient kitchen, then your first consideration would be kitchen triangle placement, proper kitchen lighting and better countertops. Knowing your priorities early on will also serve as your guideline when making decisions throughout the project.
Look at What You Have
Homeowners want more floor space and think about expanding a part of the house, when, in most cases, all they need is an effectively designed space. Knocking out interior walls, installing large windows, or merging two spaces will cost less compared to an expansion. Knowledgeable kitchen renovation companies like us often recommend refinishing existing wood doors and hardwood floors, as well as refacing cabinets instead of building new ones.
Remodel In Stages
If you don’t have the budget for a full remodel, you can have your remodeling project done in stages. You can come up with a master plan that ultimately leads to what you want to achieve. For example, a bathroom remodeling project spread over 3 to 5 years lets you get the bathroom of your dreams, without the financial pressure. And considering that a bathroom is typically due for remodeling every 20 years or so, you have several years to enjoy your beautiful new bathroom after achieving your ultimate goal.
Upfront Costs Vs. Long Term Savings
Don’t be discouraged by a high estimate or upfront cost. When you consider the savings that you get from water-saving fixtures, LED bulbs and energy-efficient replacement windows, you may actually end up with bigger long-term savings.