11 Ways to Save Money on a Kitchen Renovation

  • By Jeremy Thompson
  • 01 Oct, 2016
An August 2016 Realtor.com article explains the realities of the cost of a kitchen renovation. It’s not cheap… the average price of a minor kitchen remodel is $20,122 with a major renovation averaging $60,000. Cabinetry is the bulk of the cost – 29% – while appliances (14%) and countertops (10%) account for much of the cost as […] The post 11 Ways to Save Money on a Kitchen Renovation appeared first on J. Thompson Builders.
The general recommendation is to spend 5-15% of your home’s value  on a kitchen remodel, but many homeowners spend much more. And while you will get some of that money back – minor remodels return about 83% back when the home sells and major renovations return 65% – consider that you won’t see a full return of the money you invest.
But can you make decisions so you’ll spend as little as possible but still have the kitchen you desire? We think so! Here’s what (and what not) to do:
Make a budget:Yes, we know, this sounds simple. But it’s surprising the amount of homeowners who approach a kitchen remodel with little idea of what they will or can spend. It’s also wise to add at least 10% onto your budget, because most homeowners go over budget, often because of unforeseen expenses.
Choose your contractor wisely:A kitchen remodel is a large investment. It makes sense to partner with a contractor who you can trust, and who understands your vision. Don’t choose the first option you find, but instead ask for recommendations from trusted family and friends, and select someone who has experience with kitchen remodels.
Plan well, and then plan some more:You should spend at least 6 months, if not more, planning and researching your kitchen remodel. Otherwise you may choose materials or a layout you don’t end up liking. Instead research thoroughly any material choices and the pros and cons of your different layout options.
Utilitze technology:Instead of relying on rough sketches homeowners today have access to 3D drawings and other tools that ensure you can visualize the space before the project even starts. This will help you to plan, and prevent you from making choices you’ll regret later.
Choose basic appliances:Yes, we know, those high-end professional appliances are enticing. With that six-burner stove, you’ll be able to host a lavish Thanksgiving dinner this year. But most people don’t need such fancy appliances on a daily basis. Go basic, and you’ll save quite a bit of money.
Skip high-end materials:In general, it’s best to skip high-end materials altogether if you are working to maintain a budget. Quartz is a less expensive, lower-maintenance material than marble, and if you need to go even cheaper laminate is much cheaper and newer styles look strikingly similar to stone countertops. Also keep in mind that if you choose higher end materials, you won’t necessarily get a higher return on your investment, particularly if the homes around you don’t have such high-end materials.
Don’t follow trends:If you follow the trends, it’s likely your design will look dated sooner. If you stick with classic elements, your remodel won’t affect the home’s resale value for many years.
Don’t move the location of the sink or appliances:Moving plumbing and gas lines costs a significant amount of money. But if you keep the layout the same, you’ll save quite a bit of money, often thousands of dollars.
Don’t remove walls:Often homeowners want to open up the space. While open floor plans feel more spacious, removing walls is quite the process, particularly if it’s a load bearing wall or has pipes or wires running through it. A cheaper alternative is a cutout.
Opt for track lighting over recessed lighting:Recessed lights require holes to be cut in the ceiling, electrical wiring must be run, and the ceiling has to be repaired. But track lighting requires much less in terms of installation.
Remodel in stages:If you’re budget is on the lower side, spread out the cost by doing some of the work later. Backsplashes can be installed later, and so can hardware.

Get inspired! Take a look at our Custom Home Gallery .

J. Thompson Builders Blog

By Jeremy Thompson 01 Aug, 2017
Your home should work for you, your family and the way you live. Sometimes a new custom home isn’t the answer yet. When you need to maximize the space in your current home, find clever ways to make your space more usable by maximizing storage in unique ways. Platforms add additional space and a new […] The post Clever Remodeling Ideas to Maximize Storage Space appeared first on J. Thompson Builders.
By Jeremy Thompson 15 Jul, 2017
The internet puts an incredible amount of information at your fingertips. Why would you not take advantage of it to get home remodeling advice? Often it isn’t created by experts in the field. Here are 3 remodeling myths you may have read or heard about and the truth you need to know to understand how […] The post 3 Remodeling Myths and Tips appeared first on J. Thompson Builders.
By Jeremy Thompson 01 Jul, 2017
With more and more people working from home or taking at least the occasional “work from home” day, the home office has become an essential part of a home plan. Even if you don’t work from home ever, the home office is still a great area to work on creative projects, store important files, or […] The post Designing a Home Office: Increasing Productivity, Inspiring Creativity appeared first on J. Thompson Builders.
By Jeremy Thompson 15 Jun, 2017
We’ve offered you lots of advice over the years about building a custom home. Here is a condensed version of some of the most important tips to follow. Get on the fast track to planning your new custom home! 7 Tips for Building a Custom Home Pay attention to your subdivision covenants. Yes, these are […] The post Building a Custom Home: 7 Quick Tips appeared first on J. Thompson Builders.
By Jeremy Thompson 01 Jun, 2017
Whether building a house or undertaking a remodel you have the opportunity to design your house to suit your tastes and needs. There are many flooring options available, each with unique characteristics and design. Since flooring is a long-lasting part of the house it is important to choose the right floor for each room that […] The post 5 High-Quality Flooring Options Available for Your Home appeared first on J. Thompson Builders.
By Jeremy Thompson 15 May, 2017
Building a new home is an exciting time, filled with anticipation and satisfaction as you watch your vision come to life. However, it can also be a little overwhelming when you’re unfamiliar with some of the technical terms. To help remedy this we’ve defined a few of the custom home building terms you may hear […] The post 5 Key Terms to Understand in Custom Home Building appeared first on J. Thompson Builders.
By Jeremy Thompson 01 May, 2017
Whether you’ve just unpacked your first box or you’ve been living in your house for years, chances are there’s something about your home you’ve desired improving. However, before beginning a project there are a few key home remodeling terms you should become familiar with. Understanding these terms will help you navigate conversations with your remodeling […] The post 6 Key Home Remodeling Terms to Understand Before Beginning a Project appeared first on J. Thompson Builders.
By Jeremy Thompson 15 Apr, 2017
When it comes to home improvements, most of us are always looking for new, innovative ways to make changes to our homes. Whether you want to remodel your kitchen or just put shelves in your garage to store your tools, there are a wealth of home remodeling ideas to explore. Thankfully, there is a range […] The post 5 Home Remodeling Blogs That Will Inspire You appeared first on J. Thompson Builders.
By Jeremy Thompson 01 Apr, 2017
Few understand the custom home building process until they’ve experienced it themselves, and even those who have often don’t understand the aspects they haven’t experienced (e.g. if you haven’t built a custom home in a subdivision you may not understand how lot covenants work). Six key facts are important to understand when building a custom […] The post 6 Key Facts to Understand About Building a Custom Home appeared first on J. Thompson Builders.
By Jeremy Thompson 15 Mar, 2017
One of the more frustrating and confusing tasks when financing the building of your custom home or the remodel of an existing home is finding the right lender. Do you go with a broker, or a credit union, or a small hometown bank, or a large banking institution? How do you know they will give […] The post Home Building and Remodeling: Finding the Right Lender appeared first on J. Thompson Builders.
More Posts
Share by: