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Budgeting For A Kitchen Remodel - 02/15/12

A kitchen remodel has the biggest potential impact on your home and lifestyle. For most homeowners, the kitchen is consistently one of the most heavily trafficked rooms in the house. Kitchen remodels also offer the potential to recoup the majority of investment -- as much as 80 percent, according to some estimates.

Budgeting for such projects can get tricky. Kitchens vary hugely in size. The age of a home, the owner’s decorating style and the occupants’ cooking habits impact the budget as well. Scouring magazines and Web sites like Better Homes and Garden showcase what’s possible for different kitchen budgets. HGTV has a great kitchen budget guideline, including a breakdown of what each portion of the budget should cover. This Old House magazine has a comprehensive outline of what to expect for almost all aspects of a kitchen remodel, from quizzes to assist with figuring out your personal style to tips on picking a contractor.

While there are small aspects of a kitchen remodel that a homeowner can tackle themselves, such as painting walls or cabinets, RenovationReady™ recommends seeking expert help for any kitchen projects that entail more than wielding a brush.

RenovationReady™ can refer you lenders who offer a variety of renovation lending options for kitchen projects as well as construction expertise and contractor references.

Have questions? Learn more about how RenovationReady™ helps homebuyers and homeowners navigate the renovation process.