Making your dreams a reality is an exciting prospect.

For financing, you might decide to use personal savings or take out a personal loan. Various kitchen and bath dealerships work with lending institutions, offering financing options.

If you are purchasing the house while you contemplate remodeling, another option would be to factor the cost of your project into the mortgage.

Whatever your preference, there are financial solutions to make your dream happen. Consult your local financial institution for more information.  Make concrete decisions upfront as changing your mind after-the-fact can be costly.

Some things to think about:

  • Take note when considering a budget for your total kitchen project.  It should not exceed 15 to 20% of your home’s overall value.
  • Should you eventually decide to sell your home, an estimated 85% of any money spent on kitchen remodeling gets recuperated.
  • The average kitchen costs $15,000 to $26,000, including design, products and installation. This estimate can vary, depending on your selections.
  • The average bathroom costs between $7,000 to $12,000, including design, products and installation, depending on your selections.
  • Categorize your budget to reflect anything easily changed, such as paint color, wallpaper and decorative hardware.  Don’t include hard-to-replace items like cabinetry, appliances and countertops.
  • As always when considering cost savings, do not forfeit quality for a cheaper product.  You’ll end up paying more in the long run if you don’t do it right the first time.

The National Kitchen and Bath Association* estimates a typical kitchen budget breaks down like so:

  • Cabinets 36%
  • Countertops 14%
  • Appliances 12%
  • Installation 11%
  • Interior Design 6%
  • Hardware/Fixtures 6%
  • Flooring 6%
  • Lighting 5%
  • Other 4%

The National Kitchen and Bath Association* estimates a typical kitchen budget breaks down like so:

Cabinetry will account for approximately one-third of the total cost of your project. This cost will vary according to cabinet construction, features and accessories you select. We offer products in all styles and price points. We can assist you in selecting your desired features while keeping your budget on track.

  1. Number of cabinets: One 48″-wide cabinet costs less than two 24″ cabinets.  However, consider that the extra cost might be worth extra storage convenience.
  2. Door style: Typically, solid wood, raised panel doors are more expensive than veneered, flat center panel doors.
  3. Construction: Construction spectrum differs from furniture board on the less expensive end to plywood on the higher end.
  4. Finish: Usually, glazes and paints come with a premium charge.  Therefore, they are more expensive than stains.
  5. Storage features: Added features increase the price, but they also add value. Choose what features are most important to you.  Be sure your designer combines them into your kitchen layout.
  6. Decorative accessories: Similar to storage, more decorative accessories add cost; however, a few finishing touches will enhance the perfect look of your kitchen.