Contrary to what many may think, it is possible to renovate your kitchen the way you want while on a budget. A budget does not necessarily mean that you need to cut corners or choose only the lowest cost fixtures, but it is a way for you to forecast and plan how much you are willing to spend on your kitchen renovation. When you are setting your budget, in order to decide how much the renovation will cost, you should consider how much you can afford to spend on the renovation, how long you plan on living in the home and how this renovation will improve the resale value of your house.
Now that you know how much you are willing to spend overall on this renovation, you are now ready to breakdown your budget based on the following main items and to determine how much you should allocate to each aspect of your renovation. Take the time to shop around to find the best quality materials at a competitive price and don’t be afraid of asking for estimates before deciding on a company or contractor. It is also important to keep track of your spending during the renovation to ensure that you are staying on budget. Try and avoid extra costs that were not initially included in your list of renovation priorities (ex: décor items or fixture upgrades) but be sure to set a bit of money aside for incidentals to help account for those unforeseen costs and any issues that may occur during the renovation.
*Note: Your budget breakdown may differ depending on the scale of your renovation but always remember to allocate at least 20-35% of your budget on labour.
Our team has done 1000’s of kitchen remodels in Ottawa and we would be happy to walk you through building a budget and designing your dream kitchen. Please feel free to contact us to schedule a discussion with one of our design consultants.