Finding out how much you can afford for your kitchen remodel is crucial. Although you can find countless articles online providing an estimate with the kitchen remodelling cost by giving you a square footage pricing for this type of project, their recommendations are often not based on reality.
Generally speaking, remodelling jobs are extremely specific to the building’s state and personal preference of the homeowner and that’s why the advice given by such articles will never be realistic.
Additionally, there are several websites that don’t provide you with accurate information about creating a budget. Instead, they give out an interpretation of the Hanley Wood’s Remodeling Cost versus Value report, which is released every year. Rather than reading the article, you can easily go online, find and read the report yourself.
Just like anything else, a kitchen remodel Myrtle Beach will cost you more than you initially thought. Meanwhile, the sky is the limit when it comes to how much you will spend. There are several factors that need to be taken into account when it comes to establishing a budget for your project.
Factors Affecting A Kitchen Remodel Budget
Home value – take into account not just the value of your home but also those within your neighbourhood, which recently had kitchen updates. You will find websites where you can just key in your address and you’ll be given an interactive map with the values as well as other pertinent details of the houses within your area. Pay close attention to homes that are similar to yours, bought recently, or have much higher values, and if possible check out what how their homes look from the inside. Once you get an idea of how their kitchen looks like, you can then imagine how you want yours to look like and tell your general contractor from Keystone General Contracting.
Wow factor – this plays a huge role in your motivations and goals. Jot down every factor that motivates you to do this home remodel. Perhaps your kitchen is already falling apart or it needs to be updated. Maybe you’d like to change its layout or you want to have a bigger kitchen so it can be a place where you, your loved ones, friends and guests can gather. Regardless of your reason, you want to have a kitchen that will wow everyone. Once you have your list, determine which motivations are the most important ones for you and create another one where these motivations are listed in order.
Longevity – you should ask yourself how long you plan to stay in your home.
Size – assess how big your kitchen is and what part in your home does it account for. If your kitchen is more than or less than 7% of your home’s total square footage, then you may have to adjust your budget accordingly.
Layout – an ornamental column can hide a sound wrapped drain pipe.
Funding – evaluate how much you can afford. In case you are financing your kitchen remodel project then you should find out who much a lender will provide you. Make sure that you can afford the loan and make repayments without ending up facing financial problems.
Call Keystone General Contracting if you are looking for the help of an expert general contractor who can bring your dream kitchen to life.
Keystone General Contracting
Myrtle Beach, SC
(843) 465-0685
https://www.keystonegeneralcontracting.com