Kitchen & Bath remodeling…

 with designing and planning, choosing the best materials and appliances, and how to go about doing the installation. always hire licensed contractors, observe local codes, and consult a designer when diving into the world of kitchen remodeling.

A best practice, a good rule of thumb for budgeting a kitchen remodeling project is that if all your ideas add up to more that 20% of the market value of your home you are probably wasting your money and won’t be able to recover your remodeling costs if and when you sell your home. That doesn’t necessarily mean your project should use that maximum as a target planning figure even if you have the cash available to afford it. It’s just a practical limit.

As an example we will take a middle of the road house that is worth $305,000. 20% of $305,000 is around $60,000, seems a bit much when you think about it. Maybe we’ll start with 50,000 for a start in your kitchen pricing which equals around 16%. 50,000 sounds like a lot to but is easy to do if not doing any of the work yourself, and using upper end materials. Please visit the How to Save Money Kitchen Remodeling page for kitchen remodeling ideas with a skimpy budget.

Let’s say you have $50,000 set aside just for a kitchen remodel. Saving a chunk for unseen problems, design changes, or material upgrades is a must. 20% off of your $50,000 = $40,000 to be divided up on the different labor and materials categories. Depending on what is important to you will decide how much gets spent where. To get an idea of the cost of each of the different categories you need to start pricing out the materials, and getting bids on the labor. Putting together an accurate kitchen remodeling budget is a bit of work.

With the median house value in the Farmington River Valley being $302,000 lets consider this chart.