A kitchen remodel can be an expensive endeavor. Expert remodelers have found out that the most common reason why home improvement projects go over budget is that clients opt for products and finishes that are on the upper end of the price range. Planning and budgeting wisely are of the utmost importance to avoid “sticker shock” from the kitchen estimate.
Have Realistic Budget Expectations
According to Houzz, 40% of kitchen and bath renovation projects exceeded the allotted budget because clients had unrealistic expectations of what services and products cost. For example, special cabinet features such as knife drawers, wine racks and pull-out storage caused the price to inflate. To establish realistic budget expectations, you must determine which features you need the most.
Appliances are another factor that influences the final bill. Refrigerators can cost up to $12,000 depending on the model, features and manufacturer. Granite and quartz countertops, on the other hand, can range from $50 to more than $120 per square foot. Some materials, like quartz, cost even more.
Set Contingencies for the Unexpected
Unexpected renovation costs, whether due to termite issues or water damage behind a wall or underneath the floor, may cause the final kitchen quote to balloon. It is a smart move to set aside 20% of the overall budget for additional expenses that may pop up while the project is underway. Keep in mind that structural damage—no matter how minor—should always be addressed.
Avoid Change Orders
Once you make a decision, stick to it. Do not start a kitchen remodel until all of the products and finishes you need are itemized and you have established an order schedule. If you change your mind and have to submit a change order, you will slow the construction process and likely drive up your cost. In fact, homeowners changing their minds is the reason why 33% of kitchen renovations go over budget.
Consult the Pros
Working with remodeling experts is a surefire way to prevent sticker shock when planning your kitchen renovation. Not only will they accurately inform you how much specific kitchen updates cost, they will also provide you with a written estimate breaking down the price of materials, labor and other costs.
Let’s Start a Conversation!
Breathe new life into your home with a top-quality kitchen makeover. Our certified team at DreamMaker Bath & Kitchen of Orland Park is ready to make your dream home a reality. Call (708) 320-3417 or fill out our online form for a “contractor near me”. We serve residents of Frankfort, Mokena, Home Glen, Palos Park, Tinley Park and surrounding communities.
