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Kitchen Remodeling Budget Estimate
Starting off with a Kitchen Remodel Budget
Estimate is Key to Every Successful Kitchen Remodeling Project
By: Mark J. Donovan
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Establishing an upfront kitchen
remodeling budget estimate is imperative for getting a handle on your total
expected kitchen remodeling costs. Kitchen remodeling projects are expensive and
there are a variety of high priced items associated with them that can make or
break your kitchen remodeling budget and dreams. Kitchen cabinets can easily
exceed $10,000, and Granite kitchen countertops can cost several thousand
dollars or more as
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By developing a kitchen remodeling
budget estimate upfront you can establish a financial plan that includes
determining the overall cost of your kitchen remodeling project and how much you
may need to finance. In addition a kitchen remodeling budget estimate also helps
to establish limits on the scope of the kitchen remodeling project and the
features and materials you may want to incorporate into it.
Generating an upfront kitchen
remodeling budget estimate should not be limited to a top level estimate of the
project.
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It should also include detailed cost
estimates for each phase of the project, e.g. demolishing work, new kitchen
cabinet installation and flooring, etc.
Initially the costs for each phase of the kitchen remodeling project can be
rough estimates until you actually begin to receive quotes from kitchen design
centers and kitchen remodeling contractors. As kitchen remodeling contractor
bids come in and you get solid quotes on kitchen cabinets and other new kitchen
items you can refine your kitchen remodeling budget estimates.
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Kitchen remodeling budget estimating
also helps to give you a clearer picture of what you want to see in your kitchen
remodel, and strengthens your negotiating skills with kitchen remodeling
contractors. By establishing a kitchen remodeling budget estimate upfront for
each phase of the project you can better evaluate the kitchen contractor bids
and kitchen design quotes. By comparing your kitchen remodeling budget estimates
with contractor bids and kitchen design quotes you can make more intelligent
decisions on who to hire or what to include in your kitchen remodeling project.
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I have completed a number of kitchen
remodeling projects and when generating my own kitchen remodeling budget
estimates I have found it instrumental to use a tool such as Microsoft’s Excel
program. Using this tool I was able to create my own comprehensive kitchen
remodeling cost spreadsheets that contained all of the major trades and materials
required for my kitchen remodeling projects, such as cabinet installers,
plumbers, electricians, etc. And within each one of these major trade categories
I created separate breakout line items for individual costs that automatically
got rolled up under the major trade categories and the overall cost of the
kitchen remodeling project.
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In addition, I also included budgeted
and actual columns so that I could constantly compare my real costs to my budgeted
costs throughout every phase of the kitchen remodeling projects.
If you are interested in downloading
my personal Microsoft Excel based Kitchen Remodeling Budget Estimate Spreadsheet
template and its associated Bid Sheet, check out my
Kitchen Remodeling Bid
Sheet. The Kitchen Remodeling budget estimate spreadsheet is editable and
automatically roles up the various trade categories and total kitchen remodeling
costs (estimates and actual).
| So whether you’re contemplating a
small or large kitchen remodeling project, start off by generating a kitchen
remodeling budget estimate. As you then develop your unique kitchen remodeling
plans and receive kitchen remodeling contractor bids you can update your budget
estimates accordingly. By establishing a kitchen remodeling budget estimate up
front, you will help to mitigate the risk of cost overruns, and in the end
attain a remodeled kitchen that better meets your personal and financial goals. |
Photo by Mark Donovan |
For help on your kitchen remodeling project, see my
Kitchen Remodeling Bid Sheet. The Kitchen Remodeling Bid
Sheet provides a request for quote checklist section that you can provide to
prospective kitchen remodeling contractors. It also includes a comprehensive
kitchen remodeling cost breakdown table, in Microsoft Excel format, that allows
the contractor to include his projected remodeling costs for every phase of the
project.
How to Finance your Kitchen Renovation Project -
can help provide funds for your new home improvement project if financing is
required.
Related information on Kitchen Remodeling and Kitchen
Renovation Design Ideas
Additional Kitchen Remodeling Design Resources
Kitchen Faucets and Appliances from Amazon.com
Kitchen Remodeling Price Quotes For FREE,
No Obligation!
Fill out our 3-5 minute quick and easy form, and receive a free price quote
on kitchen remodeling from one of our prescreened and licensed kitchen
remodeling contractors. This process is free and there is no obligation to
continue once you receive your kitchen remodeling price estimate.
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