There are many ways to make your dreams a reality. You might decide to use personal savings or take out a personal loan. If you are purchasing the house while you are considering remodeling, you may want to incorporate the cost of your project into your mortgage. Whatever your situation, there are financial solutions to make your dream a reality.
Here are some things to think about:
When considering a budget for your total kitchen project, it's recommended that it not exceed 20% of your home's total value. And should you ever decide to put your home on the market, it's estimated that 85% of any money spent on kitchen remodeling is recouped.
An average kitchen costs somewhere between $15,000 and $26,000, including design, products and installation. Of course, you could spend much more or less depending on your selections.
It's always important to remember when considering ways to save money to not sacrifice quality for a cheaper route! The worst thing you can say after the completion of a project is "I wish we would have..."
*2002 Design Trends Survey Update for NKBA by Sovereign Marketing Research, Fifth Avenue, New York.
Posted on Thu, May 3, 2012
by Jessica Henderson filed under