Cutting the cost of a kitchen remodel is a contributed post to Suncream and Sparkles. Following on from the last post it is definitely an interesting read if you are looking to do some home renovations. As you know we've just renovated our house, so I can completely relate to this! I hope you enjoy today's contributed post. x Heather
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The kitchen is the heart of the home. By remodelling it, you can improve your home’s entire look and feel. When done right, a kitchen remodel can also add value to your home.
Of course, you do have to be careful of how much money you spend in the process. Many homeowners go over budget when remodelling, putting themselves into a lot of debt and reducing the ROI. To keep costs down when remodelling your kitchen, here are a few tricks.
When borrowing money to pay for a kitchen remodel, be careful of where you borrow from. Unsecured loans can be risky as they can often carry high interest rates. This includes various types of personal loans, as well as paying for a remodel using a credit card.
Secured loans could allow you to budget more effectively and you’ll usually find it easier to take out more money. Many people use home equity loans (also known as a second mortgage), which involves paying for improvements with any added value that your home has gained since living there. You could also remortgage your home and simply add the cost of renovation to the end of your mortgage (this way, you only have one debt to keep track of rather than two).
This guide at Money To The Masses offers more tips on funding home improvements.
A large part of your renovation budget could be spent hiring contractors. You may be able to reduce this cost by attempting a few home improvement tasks yourself.
There are lots of tasks that can be easily DIYed such as replacing countertops, painting walls and cabinets and laying flooring. Even if you’re not particularly DIY-savvy, there are many videos on YouTube and how-to blogs that you can turn to for advice. Doing these tasks yourself will take more time, but you’ll save money and you’ll have a greater sense of reward at the end.
Just be careful not to do anything too daring. Electrics and plumbing are two home improvement tasks that are often best left to professionals. If they go wrong, they could be dangerous. Certain jobs may even be illegal to attempt yourself without plumbing or electrics qualifications.
Source your own materials
A lot of homeowners leave the task of sourcing materials to contractors. However, this can sometimes end up costing you a lot more money. Contractors will often aim to make a profit on any materials that they buy. By sourcing them yourself, you won’t have to pay this extra money.
There are plenty of sites online such as Complete Construction Products where you can shop for materials ranging from flooring to sealants. You could save money by looking into reclaimed materials – while you do have to be wary of the condition, you can often save a lot of money by buying reclaimed timber or a used stone countertop. Make sure that you know exactly which materials you need – especially when it comes to adhesives and small parts – and make sure that you know the exact dimensions so that you can buy the right quantities.
Pixabay. CCO Licensed.
Time it right
Time it right
Few people renovate their home in the winter. This is because of the costs of Christmas, which can then make it more difficult to finance a remodelling project. As a result, many construction companies find it harder to attract business over the winter periods. To help attract more business a lot of contractors will reduce their rates – which can make the winter period a good time to renovate.
The Black Friday weekend and January sales can also be a good time to get discounts on appliances and various materials. Even if you’ve got your renovation planned for summer, the winter could be a good time to buy all the supplies that you need.
Repaint existing cabinets
It’s common for homeowners to replace their cabinets during a kitchen remodel. However, there may be no need to do this is if your cabinets aren’t damaged.
Adding a new lick of paint could be all that’s needed. This could help them to look and feel brand new without splashing out on new cabinets. You could also consider changing small details such as replacing drawer pulls or cupboard handles.
Don’t relocate your oven or sink
You may plan on replacing large fixtures such as ovens and sinks. However, you should be careful of relocating these to a different area of the kitchen. This could mean having to add new piping, which will require hiring a professional plumber and will bump up the cost dramatically.
Unless your oven or sink is located somewhere that is annoying inconvenient, consider keeping these fixtures in the same place so that you’re not paying extra money on a plumber.
Look into alternative countertop materials
Many homeowners have their heart set on luxury countertop materials such as granite and marble. These materials can be notoriously expensive, so you should consider whether it’s really worth it.
There are lots of alternative countertop materials that are a lot cheaper. Some artificial materials are even able to imitate the look of granite or marble. If you’re thinking of buying wooden countertops and have your eyes on a luxury timber such as mahogany, consider opting for veneered wooden countertops.
Opt for track lighting instead of spot lighting
Spot lighting can be expensive to install. This is because an electrician has to wire in multiple light fittings.
Track lighting could be a cheaper option. This involves having multiple lights all attached to the same fitting, resulting in less electrical work. Each of these lights can point in a different direction, illuminating your kitchen as if you had spot lights in each corner. There are lots of stylish track lighting designs that you can check out here at Houzz.
Opt for a cut-out rather than removing a wall
Many homeowners consider knocking down a wall between their kitchen and a dining room (or a living room). This can create an open-plan layout, helping the home to feel more spacious and making it easier to have conversation between the kitchen and living areas.
Unfortunately, knocking down an entire wall can be expensive. A piping or electrics within the wall will have to be relocated, which could result in a lot of costly upheaval. A cut-out could be a cheaper option – plumbing and electrics can be more easily relocated within the wall. You could find that it’s also better for the structural integrity of your home.
Consider click-fit flooring
Replacing old floorboards can be a big job. It could take a long time and your kitchen will unusable during the process.
A cheaper and easier option could be click-fit flooring. This is a layer of flooring that is simply added to the top of your existing flooring. You can lay it more easily yourself as board simply need to be clicked together. Obviously, the type of flooring material you use can affect the cost, so you may want to be careful of picking luxury woods.