Everyone knows that kitchen renovations and new builds can spiral out of control quickly, so you need a preemptive attack. To avoid the money pit, stick to the plan and make room for the unexpected. With careful attention to detail you can make it through with your budget – and sanity – intact.
Break It Down
The following breakdown is a good rule of thumb as to how and where your money should be spent.
30% Cabinets & Install
5% Counter & Back-splash
10% Plumbing & Lighting
5% Flooring
10% Appliances
40% Various material & contractors
100% TOTAL
- You should always set aside up to 20% for unexpected/additional costs.
FINE TUNE
Narrow your choices down for cabinetry, countertop, flooring, and lighting as soon as possible to establish a baseline budget. Knowing which appliances you want can flush out costs and give you a head start.
ALLOW FOR LEGROOM
Allot 15-20% of your overall budget for unexpected costs. last minute changes, and incidentals. Having a safety net can help keep you calm during construction.
DON’T DEVIATE
Deviations from the plan can bloat the bottom line, so aim to keep the changes to a minimum. Communicate your budget with your contractor.
