Budgeting for a kitchen renovation
PUBLISHED 15 SEP 2020
The one thing you can be sure of is that most of the time when home owners are budgeting for any renovation project is that they’ve more than likely under-budgeted on at least one expense.
This mistake usually halts renovations and to help prevent home owners from drowning in unexpected expenses when the holes in their budget begin to show, MyProperty lists some of the most commonly overlooked expenses in any kitchen remodel:
If you do not have any spare tiles or floor boards stored somewhere, you might not be able to keep the original flooring, especially if you are planning on replacing the cupboards. Often, after having removed the cupboards, homeowners will find that there is no flooring underneath or that the flooring is damaged and needs to be replaced. If you are newly purchasing a home, be sure to check whether the seller has any spare tiles or floorboards leftover from the original flooring and ask if they could leave these behind when they move.
2) Pesky little accidents
If you are getting new appliances delivered, or are newly moving into the space, it is advisable to keep all appliances (both old and new) out of the kitchen until all construction work is over. While throwing a plastic sheet over a stove or fridge might protect these appliances against the dust that results from a construction zone, it by no means protects them against accidents.”
3) Plugs & Plumbing
One of the most overlooked expenses is the call-out fees for plumbers and electricians during these renovations. If you are planning on shifting appliances or want to move the kitchen sink, you will need to make sure you have enough money set aside to pay for this. These professionals charge an hourly service fee, so be sure you fully understand how long these jobs will take before committing to this expense.
4) The Power of Comparison
What might start as a minor update can easily escalate into a full-blown remodel. Homeowners often don’t realise how outdated certain features of their kitchen are until they start replacing things and the shortcomings of these features are highlighted against the newness of the updated features. Before you know it, this can spread to other rooms in your home that you once thought perfectly acceptable until set against a remodelled kitchen.
As a final piece of advice, MyProperty suggests that homeowners speak to their trusted estate agent for advice.
As experts in the property industry, it is likely that your estate agent has helped other homeowners with kitchen renovations before. They could use this experience to advise you on reputable local contractors and provide guidance on what kinds of other hidden costs you might expect on a renovation like the one you are planning to undertake.