Kitchen or Bathroom Remodeling: How to Budget for Your Project
Home improvement projects are almost always a great investment. Remodeling your home can significantly raise its resale value, and you don't necessarily need to spend much in order to get a great return on your investment. If you're remodeling a bathroom of kitchen in your home, you don't need to break the bank in order to get a lot out of the project, and the professional Houston Remodeling contracotrs at Amana Construction can help you get the most out of your remodeling project.
If you're looking for a great kitchen or bathroom remodel that will improve your home regardless of the size of your budget, don't fret. Especially with smaller remodels, you don't necessarily need to spend much to get a huge reward.
Here are a few tips to help you plan the budget for your kitchen or bathroom remodeling project:
Decide What You Can—And Should—Spend
One average, upscale kitchen and bathroom remodeling projects can cost upwards of $20,000, but of course, the actual amount that individual homeowners spend can vary drastically from that amount. The amount that you're willing or able to spend depends largely on your financial circumstances, your home's location, and your family's lifestyle. You should take an honest look at your finances and determine a realistic limit for your budget.
One important factor to consider is how much longer you and your family plan to live in your Sugarland home. If you're staying in your home for five more years or less, your chief concern should be the return-on-investment you'll get when you sell your home. If you plan on staying in your home for longer than five years, focus on creating a kitchen and bathroom that you and your family will be able to enjoy most.
Cut Remodeling Costs at the Beginning of the Project
If you're working with a smaller budget, decide what essentials you need for the project, then see how much money you have left over for add-ons. If this means sacrificing a luxurious vanity or a brand new kitchen island to make sure that you have great flooring, it will be worth it to know that the essentials are taken care of.
When you’re planning the design of your bathroom remodel, don’t forget to account for labor costs. Usually, this will end up being about 1⁄3 of your costs for the entire project. If you need to cut costs, start with any amenities that would be nice, but aren’t necessary.
Leave Room for Unexpected Expenses
Especially if you live in an older home in Sugarland, you should always make sure there's plenty of room in your budget for unexpected problems. When you're remodeling a kitchen or a bathroom, plumbing issues can turn into budget-busting problems if you don't plan for them. Make sure you have wiggle room, or you could get into real trouble.
We recommend reserving around 10% of your budget for unexpected problems. If you have it left over at the end, you can add some additional features to your kitchen or bathroom.
