You can begin planning for your kitchen remodel by knowing a rough estimate of where your money will be spent. For a full kitchen renovation, 1/3 of your budget will go to cabinetry, 1/3 will be spent on installation, and the remaining 1/3 is allocated to finishing touches. Finishing touches could be appliances, lighting, faucets, sinks, plumbing, backsplash, countertops, or flooring. Keeping these in mind, you’ll be able to balance your budget and more easily plan your project. For additional details on the cost of remodeling a kitchen, please visit our cost guide.
Personal loans tend to be a good option for kitchen remodeling projects because you may have a good idea how much cash you need before you start demolition. This is especially true if you’re using a contractor for your kitchen renovation. Once they assess your project and draw up a proposal, you can use that information to compare loan options for the amount of capital you need.
In a well-designed kitchen, lighting serves various functions. For example, an overhead fixture brightens up the overall space, while sconces illuminate specific tasks. "For kitchens, there’s definitely been an uptick in pendants for use over islands," says Ashley Fothergill, creative director at Mitzi and Hudson Valley Lighting. "Sconces are in demand, too, for lighting the washing of dishes in the sink or as an accent along a backsplash behind the stove."
When you're working with $15,000 to $30,000, you can leave more work to the professionals instead of doing it yourself. This might include refinishing or refacing your cabinets, painting the walls and ceilings, installing new lighting and rewiring some electrical work. You can also focus on replacing your flooring, if it's particularly worn, and look at more high-grade countertop material like stone (granite, Corian, Formica). You might be able to invest in custom cabinets, move some plumbing, or have an island installed in this price range, but you might have to compromise on other upgrades in the process.
Similarly, you can update your kitchen by changing the color of your cabinets. You don’t need a complete remodel to update the look. You can paint your cabinets and make them look like new again! While you can likely complete the painting in an afternoon, it may take a day or two to dry completely. Remember this as you’re planning your paint project. See our tutorial on the Best Way To Paint Kitchen Cabinets.
Speaking of sale price, your expected date of sale has an effect on your total cost. Like I said above, if you plan on living in the home for a long time, don’t be afraid to splurge. After all, this is your kitchen, one of the most trafficked rooms in any house. However, if you plan on selling your house in the near future, say less than three years after the remodel, don’t go crazy with your kitchen renovation.