Deciding to renovate your kitchen is one of the most important decisions that you (as a homeowner) will ever make. Firstly, a kitchen renovation and modernization can add significant value to your most important investment – your home.
Secondly, a modern kitchen can make entertaining a pleasure. A kitchen is often a gathering place for people to socialize, share laughs, and enjoy good food together. An elegant kitchen makes hosting a breeze and a socializing pleasure. Lastly, a great kitchen not only makes preparing food a pleasure but directly enhances the quality of life of all those who call the house home.
However, the renovation process can be tremendously disruptive. Before the planning process for the renovations starts, every homeowner should decide why they are renovating, what proactive steps they can take to improve the value of the renovations, and know-how the renovation process will impact their lives and the lives of their family.
Planning the Kitchen Renovations Cost
First, if the homeowner is planning to sell their house in the future, they need to decide how much capital should be invested into the renovation. Too much and there is a risk that the money spent will not be recouped on the sale of the home.
Too little and the return on investment (ROI) will be substandard. The easiest way is to consult a realtor to gauge just how much to spend on the renovations. The realtor will know the median prices for homes in the area and you will be able to have a clear ROI of your investment.
In many instances, the cost of the renovations can be offset by retaining the existing infrastructure. A great example is keeping the layout of the kitchen design and windows/doors to lower the costs of the renovations. As a result, the renovation process will be quicker and will minimize disruptions to the household.
Even with great forward planning, the homeowner, and his or her family, may find themselves in a position where the kitchen is simply not usable. The nuances that come with renovating such as dust, noise, contractors wandering through the home, and take out meals becomes exhausting after a while.
It may be easier for the family to relocate to a hotel or other rented premises for the duration of the renovations. Friends and relatives can also offer a haven during these stressful times. The alternative is to simply take that long overdue family vacation. However, this eventuality must be factored into the cost of the renovation.
Finding the Right Contractor for a Kitchen Renovation
Prior to starting the renovations, homeowners should do extensive research. Finding the right contractor is key to a successful and stress-free renovation experience. Compare not only prices but also track, record, and ask for recommendations from those you trust like family, friends, and even work colleagues.
Remember that the unexpected is part of the process. Unexpected costs do tend to occur during the renovation process. The homeowner needs to make sure that not only does the quote they receive take the unexpected into account, but that they have sufficient fallback capital to ensure that the financial impact of the unexpected is minimized.
Even the most experienced contractor can be placed under immense pressure by the homeowner to finish the job as quickly as possible. The homeowner should make themselves available to ensure that the job is being done properly, but there are limits. Do not place unrealistic expectations on your contractor that causes them to work overtime. Your contractor may become fatigued and make a silly mistake. It is detrimental to hover around your contractor. Simply let the contractor do their job.
A kitchen renovation is going to be stressful. It is going to disrupt the functioning of the household. However, some research prior to the commencement of the renovations, and knowing what to expect while they are underway is half the battle won.
Why Choose Kitchen and Bath For Your Kitchen Renovation Project?
A kitchen and bath remodelling project is a sizeable investment, but it is also a rewarding one. It adds significant value to your home investment in case you’re planning to sell in the future.
How To Save On Your Kitchen Renovation Costs?
To save on your kitchen renovation costs, you need to know which tasks you can do yourself and which tasks you need to hire a professional for. You need to be mindful of the value of having the right tools for the job.
How can I add more kitchen storage?
You can add more kitchen storage by adding more cabinets above the fridge or countertops, by installing a pot rail above your kitchen cabinets and spice racks below. Another idea is adding a kitchen island!
Ready to get started on your home selling journey? Contact Mackay Realty Network now to get in touch with one of our agents.