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Save money on your kitchen remodel without compromising value

A new kitchen is not only something you get to enjoy in the present, but it also can boost the long-term value of your home and make it more attractive to prospective buyers. But, just how do you go about completing a kitchen remodel without breaking the bank? In this article, we’ll review a few tips for saving on your kitchen project.

Set a kitchen remodeling budget

The average cost of a kitchen remodel in the United States is about $22,000. That might seem like a lot of money, but there are ways to cut costs and get the project done for less. Here’s just a few:

  • Skip major renovations: An open kitchen concept might seem like it has value-boosting potential, but it also could balloon your remodeling costs.
  • Handle what you can: While there are some things that require the help of a professional (such as new counter top installation), other projects can be completed by the homeowner, reducing installation costs.

Invest in new counter tops and cabinets
Combined, new counter tops and cabinets will likely be the most expensive part of your kitchen remodel. Many homeowners looking to complete their remodel on a tight budget are tempted to cut corners in this area. We don’t recommend it. They may be expensive, but new counter tops and cabinets are vital to boosting your home’s value. Most prospective home buyers have come to associate “remodeled kitchen” with “new counter tops and cabinets.” If you either pass on replacing your counters or cabinets or invest in low-quality materials, the decision could come back to bite you when you list your home.

Add value through small, inexpensive upgrades
Not every aspect of your kitchen remodel needs to be a “big ticket” item. While new counter tops and cabinets are at the heart of the project, there are many small, DIY projects homeowners can complete to finish the remodel and enhance the value of their new kitchen:
● Lighting: Never underestimate the power of light. The right lighting—whether it’s pendant lighting over a kitchen island or under cabinet lighting showing off your beautiful new quartz counter tops—can bring new life to a space, especially in contrast to the harsh brightness of fluorescent lights.
● Paint: One of the least expensive tasks in a kitchen remodel, finish things off with a fresh coat of paint to make the space feel new and vibrant.
● Accessories: Pick handles and pulls for your cabinets and drawers that match the overall aesthetic of your new kitchen. Choose a back splash that complements your counter tops and cabinets—if you have selected white quartz and white cabinets, a splash of color in the back splash might not be a bad idea.

Get more out of your kitchen remodel
For an exact cost breakdown and more tips for saving money on your kitchen remodel, take a look at this infographic below: