Budgeting your kitchen renovation is easier said than done. If you're like many Canadians, you're likely to underestimate the actual cost. In fact, about 39% of Canadians go over budget on their kitchen renovations. Part of good kitchen budgeting is knowing in detail what you want. Here's what to consider when budgeting for a kitchen remodel.
HAVE A BUDGET PLAN
A big part of determining your budget starts with determining your desired floor plan. Some of the more popular floor plans include:
Single-wall kitchen
L-shaped kitchen
U-shaped kitchen
Galley kitchen
Each layout has its pros and cons. For example, a galley kitchen is more affordable than other layouts, but it lacks the space of a U-shaped kitchen. While a U-shaped kitchen is more expensive, they are spacious and lend itself to an open-concept feel. If you're not sure what layout is right for you, check out our past projects for some inspiration for floor plans. Prime Kitchen Cabinets can even customize your cabinets to make your kitchen unique and tailored towards your own style. Other factors that will affect your budget are appliance and hardware selection. A full kitchen renovation will cost more, but that's because it may involve custom cabinetry, adding new lighting, and structural changes such as knocking down a wall or installing a gas line.
BUDGET BREAKDOWN
The actual breakdown of your budget is going to vary. However, cabinets and appliances are generally the two most expensive spending categories. Countertops, as well as lighting and electrical work, will also be large parts of your budget. If you choose to work with us, Prime Kitchen Cabinets, we offer a free quartz countertop with a full kitchen purchase; a considerable savings for our customers.
Other expenses include, budgeting for a backsplash and flooring. As well as faucets and sinks.
Product Checklist
Cabinets
Storage/Pantry
Hardware
Countertops
Backsplash/Tile
Sink(s)
Faucet (+ Plumbing)
Appliances
Flooring
Lighting (+ Electrical)
Underlighting
Paint
Features: lazy Susan, wine glass rack, spice rack
Specialty Items: wine fridge, garburator, built-in garbage and recycling bins, double oven, app responsive appliances, heated flooring
SPENDING PRIORITY
So what should you prioritize when budgeting? Ultimately you need to know what's most important for your household. Paying more upfront for energy-efficient appliances is a good long-term strategy for saving money. Having enough storage is important too. Finally, if you're going for a specific look or aesthetic, it may be worth it to spend more on items that help match the overall look of your kitchen remodel.
BUDGET FOR THE UNEXPECTED
Finally, budget for unexpected expenses. You may change your mind at some point during your renovation and decide you want to revise your floor plan, or the cost of materials may change during your renovation.
READY FOR YOUR KITCHEN RENOVATION IN COQUITLAM?
An affordable kitchen renovation is within your reach. Reach out to Prime Kitchen Cabinets today. We suggest that you stop by one of our 2 locations or make an appointment with one of our designers. We can walk you through our Virtual Room Builder and help you get a better grasp on what your desired kitchen renovation will cost. We have served hundreds of home and business owners throughout the Lower Mainland and Fraser Valley, including Coquitlam, Maple Ridge and Langley for years. If you can dream it, we can build it!