Be Smart About Countertops: Selecting and purchasing new countertops is a big project, but there are ways to simplify the process. If you want new counters, but are worried about how much they cost, then consider materials that look nice but don’t come with a high price tag. Installing ceramic tile is a great choice for a budget-friendly kitchen countertop.
If the kitchen is the heart of the home, then the countertops might be called the heart of the kitchen. Therefore, as you can tell above, it’s one of the most popular kitchen remodeling projects. The average cost of having new countertops installed is $3,401, but it's important to realize how much this can vary from project to project. The price will depend on the size of your kitchen, the simplicity of the layout and the materials used.
While home equity loans and HELOCs can come with low interest rates and fair terms, it’s important to understand that not everyone qualifies. According to the FTC, you can typically borrow only up to 85 percent of your home’s value with a first mortgage and second loan, for example. This makes home equity products a poor option for anyone who has been a homeowner for a short time and doesn’t have a lot of equity built up.
If you decide to do a major change and rearrange your appliances, you will have to relocate the pipes. This often involves getting new pipes – installing additional pipes costs about $1,100 – and connecting them to the main line. This also means spending more on labor and, in some cases, hiring a plumber. Plus, you might have to get a permit from the city. These building permits could cost up to $800 if your contractor gets it for you.
Building a budget should be your number one concern when planning a kitchen remodel. It determines how much you can accomplish, the materials available, how much professional help you’ll need, and what the final product will look like, among other aspects. If you don't plan appropriately, there's a good chance that you will find yourself in debt by the end of the project or left with a half-finished space after the funds run out.
You can remove walls and cabinetry if you have the space and the budget to do it. You can even combine this space with the dining room for one large, unified area, instead of having a bar or tall wall separate the two. If you live in a condo, check building codes to make sure you can knock out walls. Also, consult with a contractor, as they could recognize that the wall is connected to a supporting beam.
Minor remodels aim to preserve the kitchen’s existing footprint while refreshing its overall appearance and usability. The significant changes are usually budget-friendly fixes like painting the walls, adding new flooring and buying energy-efficient appliances, since the customer isn’t selecting top-of-the-line materials or products. Cabinetry is often a lofty expense, but minor remodels opt for money-saving measures like refacing the existing cabinets or selecting entry-level cabinets, which are mass-produced and ready-to-install.