4 Tips for Budgeting for a Kitchen Remodel in Phoenix

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    Sep 08, 2014
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4 Tips for Budgeting for a Kitchen Remodel in Phoenix Photo by Brittney Davis

Are you doing a kitchen remodel in Phoenix this year? If so, then it’s very likely that one of your top concerns is your budget. More specifically, how much should you invest in your kitchen renovation, and are there ways to cut costs without cutting corners? Here are the answers to these questions and more…

Tip #1: Follow the 5% to 15% Rule

Many renovation experts agree that the total cost of your kitchen renovation should be 5% to 15% of your home’s value. If you spend less, then you’re likely not adding much (or anything at all) to the value of your home. If your kitchen remodel in Phoenix costs more than 15% of the value of your home, then you may be spending too much.

Currently, the national average is to invest about 8% of your home’s value into your kitchen renovation. Naturally, this only applies if you have a low to mid priced home. If you have a higher value home, then use your good judgment about how much to invest.

Tip #2: Consider Cabinetry, Countertops and Appliances Carefully

When you’re trying to get an estimate for kitchen remodeling in Phoenix, your countertops, appliances and kitchen cabinets in Phoenix will collectively account for roughly 80% of your renovation budget.  Keep this in mind as you allocate money to your renovation, and also know that these are the three areas where you don’t want to cut corners (as doing so could devalue your home).

So how do homeowners allocate their budget? It looks roughly like this:

• Kitchen cabinets in Phoenix: 48% of budget
• Countertops: 18% of total budget
• Appliances: 15% of total budget

Naturally, your own priorities and needs will shift these figures higher or lower, but these percentages are a good place to start when planning your kitchen renovation.

Tip #3: Understand Labor Costs

Sometimes as little as 7%-10% of the cost of a specific item is attributed to labor costs. One such example is appliance installation, which is usually fairly straightforward. You’ll need to pay to get the item delivered, rolled into the home and set up – all of which usually doesn’t take that much time.

On the other hand, labor for something like tiling may cost 40% to 50% of the total cost for that item.

Another example is kitchen cabinet installation. Usually the labor costs hover somewhere around 18% to 20% of the total cost for your cabinet budget. But it could be more or less, which all depends on how difficult it is to remove the existing cabinets and install the new cabinetry. It also depends on whether you’re buying lower-priced stock cabinets or custom cabinets in Phoenix.

Point is, you’ll need to talk to your home remodeling contractor in Phoenix to get a good idea of just home much your specific renovation will cost in terms of materials, supplies and labor. A good contractor will even be able to offer suggestions to create the kitchen of your dreams on a budget.

Which brings us to the next point…

Tip #4: Hire a Reputable Home Remodeling Contractor in Phoenix

One of the best ways to protect your investment is to hire an experienced contracting team like the one at Todd Whittaker Drywall, Inc.

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Author is a prominent writer of various informative articles. She writes contents professionally and regularly upload the articles to provide information to the people about Home Remodeling Ideas. Presently, the author is conveying information about the Kitchen Remodeling Phoenix

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