The kitchen is obviously one of the most popular rooms in the home where families come together not only to enjoy a nice meal but to visit and entertain. Sellers often want to update their kitchens to add value to their home.
Can you go overboard on a home reno? Absolutely! Investing in kitchen trends particularily when you are preparing your home for resale may not be worth the time or investment involved. A remodel may not add back the value to the sale of your home.
Add function and style without breaking the bank; budget for unexpected costs, add 10 to 20% for a cushion. Regardless of how much money you have to spend; keep your remodel on task and on budget with The National Association of the Remodeling Industry (NARI) Budget 101 calculator
Here are 5 budget saving tips for a minor kitchen remodel:
- Cabinets- New cabinets can cost anywhere from $5,000 to $20,000. Try painting or refacing your existing cabinets and install new hardware for a fresh look. The costs involved $2500 to $4000
- Flooring- While traditional options include tile and solid hardwood these can cost $10 to $30 per S.F. alternatively a ceramic or porcelain tile can save 1/2 the price.
- Countertops- Natural stones still remain the material of choice at up to $110 per S.F. however there are a multitude of good quality ceramic tile and laminates that are available and at a fraction of the cost and many even mimic the look of granite and other stone counterparts.
- Appliances- The range of makes and models for kitchen appliances vary with costs upwards to $5000. If your appliances are still in great condition, reuse! However out of date models should be replaced with new more energy efficient models. BC Hydro offers a energy star rebate program for certain models.
- Paint- Never under estimate the power of a can of paint. Repaint your walls for a fresh updated look; at a cost of $20 to $40 per litres a can goes a long way to making your kitchen look clean and crisp.
Before you plan your own renovation, keep in mind that your taste and a potential buyer's taste may vary. A new owner will want to come in and put their own personal touches on the home therefore keep the pallet neutral and create a blank canvas for prospective buyers.
Do you want to know what your home is worth in this market place? Contact me for a free market evaluation!