The Ultimate Guide to Planning a Kitchen Remodel
Kitchens are one of the most popular rooms to renovate for good reason – It’s the heart of any home where families get together and prepare meals. Kitchen renovations can also increase the value of your home and put more money in your pocket when it comes time to sell. But these projects are also one of the most complicated to undertake because of the sheer amount of planning and work involved. To help out, we put together this guide to planning a kitchen remodel.
Establish a Budget
The first step to any renovation project is to establish a budget. According to hipages, renovating a kitchen costs between $10,000 and $45,000. The reason for the large disparity ultimately comes down to how much work is involved and the materials you use. Upgrading all your appliances can also add a significant amount to your budget.
Labour will likely be one of the largest expenses as you will need to hire licensed tradespeople like electricians and cabinet makers for certain tasks. However, as you draw up a budget, think about ways that you can save money. These may include carrying out smaller tasks yourself or opting for more cost-effective appliances. Add another 10 to 20 per cent to account for any unexpected expenses to give your budget some breathing room.
Determine Financing Options
Paying out of your pocket is certainly an option to pay for a renovation project if you have cash saved up. But if you don’t, you’ll need to turn to other options to fund the project. If you have enough equity built up in your home, refinancing your mortgage can provide you with the funds you need. If not, you can consider applying for a building and construction loan (BICOE) which allows you to receive the loan in increments to pay invoices as they come in.
Another option is to leverage a line of credit which allows you to access funds as needed. Keep in mind that interest is charged on the balance owed so you will be responsible for managing the account. Whichever option you choose, make sure you understand everything involved before you sign any documents.
Evaluate Your Must-Haves
A lot of factors go into planning a kitchen remodel. Perhaps the most important is that it should reflect your lifestyle and accommodate your needs. Think about how you or anyone else in the house utilises the kitchen so you know what areas to pay attention to.
For example, maybe you enjoy cooking and your significant other likes to bake. You might also have a child that enjoys doing their homework on the kitchen island. With these in mind, you can assess the kitchen layout and consider making modifications to it to make certain tasks easier. Evaluating your must-haves lets you prioritise what really matters for you.
Obtain Multiple Quotes
You have a budget set for the kitchen remodel and have a better idea of what you want. The next step is to find the right contractors who can turn your ideas into reality. Ask for referrals from any friends or family members to find a qualified professional. Be sure to also look at their credentials and find out whether the contractor holds any relevant certifications from a recognised association.
Then set up consultations with a few contractors to get an estimate of how much the renovation will cost and gauge their ability to complete the project to a high standard. Once you find a suitable contractor to perform the remodel, make sure to have a written agreement which outlines the scope of the work involved and payment schedules.
The best place to start for quotes is hipages.com.au
Have a Plan Once the Project Starts
You undoubtedly spend a lot of time in your kitchen preparing meals for the day and socialising with your family. So it can be an inconvenience once the renovations start as you may not be able to use the stove or countertops. Kitchen renovations can last for as little as two weeks or even a few months depending on how much work is involved.
Think about how you’ll manage without access to your kitchen during this time. Will you be eating out for every meal? Consider asking any friends or family if you can use their kitchen to meal prep. If you’re keeping your fridge, you can keep the meals in there and reheat them in a microwave.
Any kind of home improvement project is a major undertaking so start planning as early as possible to ensure a successful outcome. Use this guide here to help plan a complete remodel of your kitchen.
Alex Morrison has worked with a range of businesses giving him an in-depth understanding of many different industries including pest control, financial support and health care. As the owner of Integral Media, he is now utilising his knowledge and experience with his rapidly increasing client portfolio to help them achieve their business goals.