One of the most important factors for any remodeling project is deciding how much to invest. Without a planned budget, you will encounter issues determining if you are making a wise investment. Calculate a solid number for the general project first. If you attempt to determine your budget based on an “item-by-item” or “detail-by-detail” basis, you will speedily deplete your budget.
Below are some guidelines for preparing a budget, and making your remodeling a sound investment:
Process the budget as a percentage of the home’s worth. Aim to invest no more than 15 – 20% for a major remodel (10 – 15% minor remodel) of the total market value of your home into your project. By doing so, you’ll be able to process a realistic budget.
Set a cushion. Take the total of your budget and put aside an extra 15 – 20% for any emergency expenses. In remodels, projects don’t always develop as intended; therefore, it is smart to create some “elbow room” by setting aside additional resources.
Have reasonable outlooks. Keep in mind that you may not see a return on your investment until it may be time to put your home on the market. Property values are not fixed, so there’s no accurate way to predict how much worth your home will have because of a kitchen remodel. Anything that increases the stylishness and functionality of your home is commonly worth it, as most home-buyers are inclined to be captivated by a well-planned and eye-catching kitchen.
Need to know how much your remodel will cost? Our easy-to-use renovation cost tool will help you to get project cost estimates online. Enter your data, and the calculator will produce an approximate quote. Would you please provide your details and submit the form to make an appointment and obtain a more accurate quote?
Please note that the pricing provided is an average cost and should be considered as a rough site unseen estimate. To schedule an appointment for an in-home consultation, please click on the “Book Now” button to proceed with the online booking. For any further inquiries, kindly contact us at 866-936-8160. It’s worth mentioning that the In-Home Consultation fee is $89.95, which will be deducted from the project cost if you decide to hire our services.
Please note that the pricing provided is an average cost and should be considered as a rough site unseen estimate. To schedule an appointment for an in-home consultation, please click on the “Book Now” button to proceed with the online booking. For any further inquiries, kindly contact us at 866-936-8160. It’s worth mentioning that the In-Home Consultation fee is $89.95, which will be deducted from the project cost if you decide to hire our services.
Pencils Remodeling & Handyman has proven results for setting exceptional standards in cost control, planning and scheduling, and project safety. Our experience gives us a competitive advantage over others in our field.
