Making the decision to remodel is a big decision on its own, but knowing how much to allocate to your project can be overwhelming. Whether you’re planning to sell in the next 3-5 years or updating your forever home, you want to make sure you are getting the most bang for your precious bucks. While you need to have a plan for what you can spend, budgeting for a kitchen or bathroom remodel is so much more than just a number. We have all the information to help you spend your dollars more effectively.
Two questions you should ask before you begin your remodel project are:
- How much can you afford and what are you comfortable spending, all-in?
- How long do you plan to stay in your house? Your process and your budget will look different if you are a new homeowner that just spent a large sum to purchase the house and move in, a family that is looking to upgrade their home, or if you just want to improve the value before selling. In general, you don’t want to spend more than what the market or your neighborhood calls for, but if you are planning on being in your home for another ten to twenty years, you may be willing to make a larger investment now for years of future comfort and happiness. Remodeling.com puts out an annual Cost vs. Value Report to help provide some guidance on how much the average homeowner is spending on 22 different remodel projects, down to the major metropolitan area, such as Denver or Colorado Springs.
Once you have those two questions answered, it’s time to find a design team that can help guide you through the remodel process. We know there are companies out there who are driven solely by money, so be leery of anyone who goes straight for your top number or tries to steer you into a pre-selected remodel package. You need to find someone who understands your family and your home and can help you understand the process from start to finish.
What Does A Design Team Do?
- Your designers will begin by helping you define your vision. For example, what are the existing problems with your kitchen? How often and in what ways do you and your family utilize the room, and ideally how would you like to use it in the future? Do you want to entertain? Cook big Sunday breakfasts? The kitchen is the heart of the home and should be designed intelligently to combine both form and function.
- Once your priorities, colors, and favorite styles are defined, your designers help you choose the right products and materials for your remodel. Is cabinet refacing a good option for you? Have you considered appliances, backsplashes, lighting and fixtures? Your designers have knowledge and access to products you may not have considered or wouldn’t otherwise know about. They help you plan out the details that give your remodel the ultimate “wow” factor.
- Your design team is your advocate and should understand the layout and flow of your home. They communicate, plan, design and coordinate all delivery and installation of items, managing your expectations from start to finish.
- A good design team will also serve as your guide rails to keep you focused on both what you find most important and what will maintain its value the longest. They will design around the budget you’re comfortable with, guiding layout and product decisions to meet the allowances agreed upon during the budgeting process.
Let’s Talk Money
Houzz interviewed thirteen designers from across the country to find out how they determine their costs for remodel projects. They found:
- Independent designers generally charge an hourly rate (which can include all of your meetings and calls, time it takes to plan your design, site visits, etc.)
- Other designers charge an initial flat fee or retainer. This initial retainer may include a certain number of revisions, or initial number of hours. After that you may be charged by the hour or an additional fee depending on your designer.
- Most showrooms include the designer’s time as part of the overall remodel cost.
The most important thing about any fees and budgeting for a remodel is to make sure you understand the payment structure and all costs up front. Make sure you know whether you can keep your design should you decide to go elsewhere after your initial consultation and that everything is explained to you before you the remodel begins. All costs should be transparent and easy to understand.
We are in the process of re-designing & publishing our design process at Lifestyle Kitchen & Bath to show customers clearly what our process is and what to expect. Our design process, first and foremost, is to get to know the customer as opposed to simply a number.
When you begin a kitchen remodel with Lifestyle Kitchen & Bath, our designers hold a meeting specifically to collaboratively build your budget to help you see different products and make choices based on what is most important to you, while still keeping on point and in budget. Our designers are your advocates, helping you achieve as many wants and hopes as possible, as opposed to simply aiming for a total budget number.
Lifestyle Kitchen & Bath aims to make the remodel process as fun and smooth as possible. Every decision we make is to enhance the customer experience as we know how difficult it can be to navigate the remodel process alone.
For more information or to get started on your remodel, contact our team today.