A kitchen remodel can provide one of the largest returns on investment when it comes to home improvement projects; in some cases, you may be able to recover as much as 92% of your initial investment. However, a kitchen remodeling project can also be quite expensive, with many homeowners spending tens of thousands of dollars. However, for budget-conscious homeowners, the good news is that there are some creative yet effective ways to go about cutting down on kitchen remodel costs.
Refinish Existing Cabinets
One of the most expensive aspects of kitchen remodeling is often having new cabinets and counter tops installed. However, depending on the condition of your current cabinets, it may actually make more sense to refinish them rather than to replace them completely. This is especially true if you have wooden cabinets that can easily be sanded down to remove any damage and re-stained or painted for a fresh look. Replacing existing cabinet hardware with modern, brushed-nickel hardware can top off the look at just a fraction of the price of installing brand new cabinets.
Avoid Moving Major Appliances
Another way to save money on your kitchen remodel is to plan your new kitchen design so that there's no need to relocate major appliances or fixtures, such as your oven or sink. Moving these fixtures can be very expensive, especially if you have a gas over, as this will require extending your current gas line so that it can reach the oven's new position. The same goes for your plumbing fixtures, such as your sink. If possible, keep these in the same location. If you've hired a kitchen designer, let them know right off the bat that you'd like to do as little moving around of appliances as possible.
Opt for Laminate Flooring
Finally, when it comes to installing new flooring, many homeowners these days prefer the look of hardwood in their kitchen spaces. Unfortunately, real hardwood can be quite expensive and can significantly drive up the cost of your remodeling project. To achieve the same appearance for a much lower price, consider installing laminate wood in your new kitchen space.
You'll save a great deal of money this way; plus, laminate is a very durable option that doesn't require as much maintenance (such as sanding, polishing, and refinishing) as traditional hardwood, which can be a huge selling point for many prospective home buyers out there these days.