8 Ways to Avoid Going Over Remodeling BudgetMay 24, 2017
Kitchen remodeling is a beast of a project that needs to be carefully planned out from the beginning to the end, in order to get successful results. However, no matter how much restraint you show in your design, sometimes you’ll definitely hit some little bumps and hiccups that will make you spend a little more than your remodeling budget allows. All you can do is tighten the seatbelts and prepare for a seamless ride by having your consultant prepare itemized BOQ’s (Bill of Quantities) that lists out the nitty-gritty of your expenditure budget and go from there.
Even then, you can never tell during the live project. Keeping your toes well and within the budget is pretty hard, especially when you’re vying for the prettiest and shiniest things in the market. In the beginning, you will have no idea what your dream vision will cost, but with the passage of time, you will intimately get to know the market prices and begin to apply them within the context of your space.
There are many reasons that a kitchen renovation can go over budget – some of them accidental, and many of them not. Today we will be looking at 8 ways to avoid going over budget with your kitchen design.
1. Playing out of your league
One of the mainstream and most universal reasons that kitchen renovations go beyond the restricted budget is when the clients begin to select more upscale products, material and finishes for their space. It’s human nature to want better for yourself, but when you’ve got a set, allocated budget, this can definitely hamper the success result and ultimately, the timeline of your remodel.
So when you go out shopping for those finishes and accessories, take a quick look at your estimated budget – how much you’re willing to splurge on what, and will that be worth it in the grand scheme of things – before you actually go out and bust it. If you keep finding reasons to splurge on things then the costs would definitely rack up quickly, and will ultimately effect the set-out timeline of your renovation.
2. Customized cabinet designs
Professionals have estimated that about 60% of the allocated budget of any kitchen remodel goes into the cabinet designs. The actual costs of a cabinets depends on whether they are customized, bought prefab from the market or are even semi-customized. The varying range between these three categories could differ from $50 to $2000 depending on whether or not you choose the utmost customization.
The key to controlling your budget in this aspect is by doing a thorough research on the market price of every category before you start the renovation, and decide if you still want a certain upgrade if you cannot fix it in your allocated budget.
3. Additional features
External finishes aside, another major cause of over-budgeting is splurging on special features like in-built cabinet customization. Attractive little accoutrements like magic corners, pull-out shelving and organized drawers may look like fanciful things but these cost a fortune and can waylay your budget by thousands of dollars.
The nifty little add-on’s are infinite in number. You could keep adding newer, shinier things to your cabinets and create a heft dent – up to at least $15,000 – in your budget without a sweat. So carefully consider these small attractions and definitely keep a reign on it.
4. Knowing your appliances
The cost of appliances depends completely on the make, model and brand name you’re going for. Of course luxury appliances cost way more than the regular ones and the range in between can leave a gaping hole in your allocated budget.
The point is, that of some of the brand name appliances like Viking could cost a whopping $15,000 per product, and the consultant has estimated the entire budget of your project to be around $35,000 then is it really worth it to blow a chunk of your already established remodel allowance on something you don’t even need? You decide.
Perhaps the most innocuous face makers of the kitchen design, the prices for these range vastly, depending on the materials. For example, plastic laminate countertops cost relatively less than granite or quartz when it comes to price per square footage. There are quite a lot of composite options in the market these days, so conduct a thorough research before you decide to blow your budget on something redundant.
6. Unknown structural blasts
You can never foresee a problem that you hadn’t considered even existed. These are the most dangerous of them all, and they can definite cost you a pretty penny. An example of such a phenomenon is when you open up the drywall and it is riddled with termites, or if you find an undetected water leak or even if you unknowingly tear down a load bearing structural wall and have to recover the support by paying for a beam that was not previously in the written budget. These may be unforeseen, but they could certainly upset your budget.
All we could suggest is that you do a pre-project reconnaissance of your building before launching a full-scale construction effort in order to minimize the damages.
7. Researching the codes
Building codes, if not followed properly, could get you in so much trouble with the authorities. These dictate the kind of exhaust and hood fans you should be using in your kitchen, along with the extension bylaws of the area. If you do not comply with these codes, a surprise inspection might get you slapped with a heavy fine.
8. Easy whimsy
This is maybe the most dangerous budget buster of them all – being half-way into the guts and core of a remodel and deciding that you do not want that particular design installation, or that finish just doesn’t fit in with the rest of the aesthetic. It will screech your entire project to a halt, which will result in inordinate payment for the labor, extra charges for the redone design work and finishes. So decide on what you want before everything is way ahead of schedule to be taken apart again.
Now that you know just what kind of obstacles might stand in in you and your dream budgets way, be very wary of making any unnecessary deviations.