Kitchen renovations are consistently a top performer when it comes to the money you spend on home improvement projects compared to the value it adds to your home. And it shouldn’t be surprising that while they aren’t always as expensive as an addition, kitchen remodels are often some of the most pricey home renovations you can undertake.
According to a kitchen survey by IKEA and Gallup, more than half of people would renovate their kitchen if money were no object. And the good new is you don’t always have to sacrifice quality or design in order to shave money off the cost of your kitchen renovation. Here are some money saving secrets that will help you save money and still end up with your perfect kitchen.
Tip #1 – Keep your sink and stove in the same spot.
You can save some of your electrical and plumbing costs and avoid the expense of moving gas lines by keeping your stove and sink in the same spot. You still want to make sure your new kitchen meets current code requirements so it may not completely eliminate these costs, but since your contractors time costs money this can make a huge dent on your final bill.
Tip #2 – Save on the smaller details, splurge on the most visible ones.
If you’re trying to save money save on the smaller details like the switch covers and faucets, and even your above-cabinet, high lighting. However, investing wise with nice counter tops and cabinets because they are what make a kitchen and help your future resale value the most.
Tip #3 – Find a contractor who passes along builder discounts, and gives you freedom with selection.
When selecting your contractor don’t be afraid to ask about their builder discounts and how much of that savings they are willing to pass along to you. You also want to find a contractor who gives you the freedom to select your own cabinets and counter tops without a huge custom selection fee, and avoid those who only offer a very small number of lines. Being able to explore which options work best with your vision and budget without having to pay a hefty price for it will save you money.
Tip #4 – Make your selections early and stick with them to keep your project on time and budget.
This may require doing a little up front homework, but during construction major changes have a ripple effect. The more confident and firm you are with your finish selections in the beginning the more smoothly construction will go, and the more likely your project will stay on budget.
Tip #5 – Roll your sleeves up and tackle some of the demo or final finishes yourself.
Depending on just how frustrated you have become with your current kitchen, this can be an especially appealing money saver. If you are comfortable pulling up counter tops, handy enough with a screwdriver to take down your cabinets, and don’t mind donning some gloves and kneeler pads to chisel up your tile, talk to your contractor about doing some of the demo work yourself to save some money up front. At the back-end of the project you could pick up a paintbrush, or tile your back-splash to save money. But, if you’re handy, this is a great way to save money on your project.
According to IKEA’s survey, people who are the happiest with their kitchens tend to be the happiest with their significant others and families as well. (Maybe because they aren’t fighting over when they are going to finally tackle that kitchen renovation so much?) And though it might seem financially daunting, the survey also showed that they longer you live in your home the more important the kitchen becomes to your daily life, so tackling your kitchen now could have a lot of positive side-effects.
If you’re considering remodeling your kitchen we recommend finding a reliable, local contractor who is certified and insured. And to help get you started with your search, here is a handy checklist of questions to ask contractors when interviewing them.