Thursday, June 30, 2011

Kitchen Remodeling and the Budget – Factors 5-8

 In the last blog, we started a review of kitchen remodeling and the budget including factors 1-4 to consider when determining the budget.  Here are four remaining factors to consider.

  1. Goals & Priorities – You should give thought to the driving factors in choosing to remodel.  Some examples of these driving forces might include: Our cabinets and appliances are deteriorating or not working properly.  We love to cook and the layout does not work.  We entertain a lot or have a large family and the kitchen is too small.  We are renting or selling the house and the poor condition of the kitchen is a problem.  There is not enough storage in the kitchen.  Once you have a list, consider what your priorities are.
  2. Must Have – List what you must have, what you would like to have, and what you can compromise on.  This may include granite counters, upscale appliances, double ovens, pantry cabinets, second dishwasher, island with seating, or type of flooring.  What kitchen details are most important to you?
  3. Floor plan – A basic facelift or switch out of cabinets and appliances is going to cost less than if the sink and appliances change locations and electrical, water, and gas lines need to be relocated.  If walls are changing or windows and doors are being added or subtracted, this will add to the costs and require an increased budget.
  4. Funds Available – This is the “get real” portion of the exercise.  What is the maximum amount of money you have available or have access to for use on your remodeling project.

The third blog of this series will discuss putting all eight factors together to determine a budget.


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