A kitchen renovation project should be on your bucket list in 2023, but it can be expensive. Kitchen remodeling costs range widely depending on the quality of the material used, the size of the kitchen, and the scope of work involved. However, you can approach it tactically to keep costs within your budget.
Kitchen renovation on a budget involves keeping a record of the various changes you plan to make, from switching your floor to installing new sinks and cabinets. Thus, before you hire a contractor or start making changes yourself, there are crucial things to keep in mind as you prepare: specifically, deciding your vision for the project, setting a budget, and planning how it will all fall in place.
With that said, here are seven ways you can renovate your kitchen on a budget in 2023:
1. Consider Doing It Yourself
The do-it-yourself (DIY) approach will always save you money in the long run. As long as you're buying materials from a trusted brand and following the instructions correctly, the chances of saving money are high. With DIY, you have the freedom to design things whichever way you want, including sinks, taps, cabinets, handles, and many more. There are many different ways you can Learn About DIY Kitchens. Whether you go online to find videos on YouTube, or you watch other people refurbishing their own kitchens on Instagram or TikTok, it's all out there for you to learn. You could even take a short course at your local adult education hub! If this interests you, this kitchen DIY guide has step-by-step instructions at your disposal.
A DIY kitchen renovation shouldn’t be challenging if you’re a hands-on type. However, if you don't have time, skills, or the required equipment, you can enlist the help of a professional.
2. Create A Budget And Desired Timeline
As you plan to renovate your kitchen, you need to plan your budget accordingly. Big renovation projects often take longer to finish and cost more money than you may have initially planned. Aim for a reasonable budget below your maximum expenditure plan to reserve extra funds if your project goes overboard.
A good rule is setting aside 10 to 20% of your budget for unexpected expenses: the more contingency funds you have, the better. The last thing you'd want to do is run up and down looking for an additional loan to complete your renovation, or worse, end up with a half-finished kitchen in the account that you've consumed your entire budget. you have, the better. The last thing you'd want to do is run up and down looking for an additional loan in the middle of the project, or worse, end up with a half-finished kitchen in the account that you ran out of cash.
You should also have an overall idea of how long your kitchen renovation will take so you can prepare for the big project you'll be taking on. Timelines may vary depending on several factors, for instance, the scope of work, the size of your kitchen, and the contractors you may be working with. Professionals estimate a complete kitchen makeover can take an average of one to three months.
3. Make A List Of Your Renovation Priorities
Whether it's new appliances or cabinets, determine what's most important to you. Note down your priorities so that you'll still get the top things on your list in case unanticipated costs arise. While you set your priorities, think about small things like super-luxe faucets and crown molding that are important to the overall function and look of the kitchen. These little things matter and add up to the cost.
Although you may be able to do the renovations without them entirely, there may be a cost-saving alternative. faucets and crown molding that are important to the overall function and look of the kitchen. These little things matter and add up to the cost. Although you may be able to do the renovations without them entirely, there may be a cost-saving alternative.
4. Do Research
Before looking at new countertops or cabinets, you should research and make a plan. Start looking for inspiration by surfing your favorite home improvement sites. Save interesting ideas in a vision board or folder while you research to assist you in developing your renovation plans. Going through a wide range of layouts and designs is useful when identifying the colors, textures, fixtures, and materials you want in your new kitchen. It’d be best if you also examined how your kitchen will be used and whether your new style matches the floor plan.
You can also visit kitchen home stores and showrooms to determine the cost of items and what you can afford. Another important thing is to research and identify the scope of work. However, price shouldn't be the only deciding factor when looking for a contractor. You wouldn’t want low-quality designs and low-quality work because you're searching for the cheapest choice. Talk with several contractors, and give specifics about the scope of work and your target figure.
5. Avoid Small Purchases
Small purchases can add up quickly. Thus, you should be strategic about how you spend your money. Instead of buying one item at a time from retail stores, you may want to buy in bulk and take advantage of economies of scale and possible discounts. This can be applied to most materials in your kitchen renovation. Every little decision can lead to significant savings.
You should also refrain from injecting new ideas now and then. If you find yourself thinking about adding unbudgeted items, you must pause and evaluate the implications of your new ideas. Constantly making small purchases will lead to your budget blowing over. So, unless it has an essential function in your kitchen, you can survive without the little extras.
6. Avoid A Fragmentary Renovation
You can save more money by doing a complete kitchen renovation in one go instead of piecemeal renovations. You're better off saving money or borrowing a loan to do it all at once. Doing everything once keeps your spending on labor, storage, and transport in check. Doing everything once keeps your spending on labor, storage, and transport in check.
7. Use Your Existing Kitchen Layout
Aim to maintain as much of your existing kitchen structure as possible for more cost savings. Drastically changing the kitchen design can quickly hike your renovation budget. For example, relocating the plumbing system for your sink or moving the dishwasher or refrigerator needs extensive work from professionals. For a whole kitchen revamp, you'll need to budget for the following:
- The total cost of labor
- Electrical wiring for lighting and appliances
- New plumbing, pipes, and fixtures
So, see if you can maintain the existing structure and focus on cosmetic upgrades. But if you’re looking at functional improvements, try to stick to your current kitchen’s layout as much as possible.
Before you revamp your kitchen, assess everything that you'd like to refurbish, add, or replace in your kitchen. Then, consider cost estimates and create a budget for your kitchen renovation project. Your total expenditures may vary due to the kitchen's layout changes, square footage, and whether you're hiring a professional or doing it yourself. With that said, you can plan a low-cost renovation and enjoy revamped looks without undue financial strain.