How to Budget for Your Custom Kitchen Remodel in 2022 (3 Simple Steps)

If you’re thinking about a custom kitchen remodel this year, exciting decisions lie ahead! From a floor plan that better functions in your space to beautiful custom cabinets that offer more storage, a custom kitchen remodel offers the opportunity for you to transform your kitchen into a room you truly love. 

But it’s no surprise that the process can quickly add up. Your budget is critical and can determine what you can do with your kitchen, from the materials you select to the remodeling professional you choose to work with. 

The costs of your project will be highly dependent on a number of factors, however, a quick way to estimate your costs calculate 10-20% of your home’s value and assume your budget will land somewhere in this range. To get a more accurate estimate, meet with a professional to get a consultation. This will help determine the overall cost of your custom kitchen project based on your specific home and the details of your project.

Your remodeling budget will depend on things like: 

• Where you live
• Your home’s value
• Product selection
• Project scope

Some Questions To Ask Yourself

Do you plan to gut your whole kitchen, move around walls, or relocate utilities? If so, you can expect to spend more money than a kitchen remodel that includes simply replacing appliances and kitchen cabinets in the existing layout. How you divide your budget will depend on your household’s needs and priorities. 

Before transforming your space into your dream kitchen, it’s important to go into the project with a realistic budget and plan to tackle everything. Creating a budget for your custom kitchen design is a great way to make sure you keep your spending on track with minimal hidden surprises. 

Where do you start with your budget, and what should you include? We’re sharing how you can better budget for your kitchen renovation and stick to your budget like a pro. 

Step 1: Create A Budget 

Like any house remodel or renovation, a well-laid plan helps ensure things stay on track. First, create a rough budget that outlines all of the areas you want to spend money on, including appliances, fixtures, finishing materials, and more. Then, add categories that include where money will be spent and where previously purchased items will be used or recycled. 

Are you planning to purchase all new appliances? Do you want new cabinets, or will you be repainting ones you already have? Does your floor need to be replaced, or will the current flooring stay? By asking yourself these questions, you can better determine where your budget will be spent and areas you can potentially save some money. 

If you have no idea what to budget for or expect in your custom kitchen remodel, you’re not alone. You can find out how much your project will cost before you dive in and commit! Share some details with our team about your project, and we can give you some numbers to expect for the work you desire.

Step 2: Outline Your Products And Finishings

Now that you know what new items you will be installing or using in your kitchen, it’s time to select the actual products and finishings. From simple shaker-style cabinets to traditional Mullion designs, your personality and aesthetic should match the style and products you choose for your kitchen. 

Whether you’re planning for simple upgrades or are choosing a high-end makeover, every item you select falls on a pricing spectrum. Your choice of quality level (also called “finish level”) products or other options is a significant factor in the cost of a kitchen renovation. Custom cabinetry makes up the most considerable portion of many kitchen remodeling budgets, so plan on reserving about 30% of your construction budget for this fine finish work. 

Some other items you’ll want to consider include: 

• Countertops
• Cabinetry
• Kitchen islands
• Flooring
• Appliances
• Lighting 
• Storage space
• Backsplash

Step 3: Plan For Hidden Expenses

Don’t only plan for the expected and create a budget with zero flexibility. It can be easy to get quotes from renovation companies and price our appliances, fixtures, and products, but hidden expenses almost always creep up. So be prepared! 

The underlying costs of a kitchen remodel are what will trip you up if you’re not keeping track of every detail. We recommend budgeting about 10-20% of the value of your home for your kitchen renovation.

Kitchens are always a big selling point and often increase the value of your home depending on the quality of the work. The kitchen is the heart of the home, so doing a complete kitchen renovation with a timeless and classic design is an excellent investment that will help increase the resale value of your home.

Schedule An Appointment

While kitchen remodeling budgets come in all shapes and sizes, getting your dream kitchen may come at a premium cost. To keep within a realistic budget, remember to invest in things you value, and reuse items or choose cheaper options for products that aren’t as high on your priority list. 

Regardless of your budget, a custom kitchen renovation that focuses on quality products and a timeless style is sure to benefit your home in more ways than one. Not only can you and your family enjoy the beautiful new space, but you can also increase your home’s resale value for when you’re ready to move to your next space. 

If you’re ready to learn more about your kitchen remodeling budget, our team would love to help. Request your complimentary personalized consultation from RM Kitchens today!