Splurge vs. Save: Kitchen Remodel Edition
If you're thinking about a kitchen remodel (or you're currently in the middle of one), you've likely figured out that everything from cabinets and countertops to appliances and flooring all come in a HUGE range of price points. The trick to any kitchen remodel is knowing where to best allocate your resources while keeping your budget on point. So, how do you know what's worth the splurge and when it's better to save?
Ultimately, how you divvy up your budget should depend on what matters most to you, so it's essential to think about how you'll use your kitchen. For example, if you LOVE to cook, you can justify a more significant portion of your budget for appliances like a pricey professional range. A home bar or a wine fridge may be on the must-have list if you love to host. Generally speaking, there are a few areas where you should definitely spend a bigger portion of your budget and others where it's totally ok to cut back.
Let's take a look:
When creating a budget for any space, you want to spend a larger portion of your budget on the things you first notice- the 'wow' items. You should also consider splurging on the types of things you'll use every day or things that will increase the overall value of your home. Remember that "splurging" doesn't mean overspending; it simply means prioritizing how you spend your funds.
Investing in high-quality cabinets is a smart move, as you will likely use them daily. A place to splurge here is on soft-close doors and drawers- you'll be so glad you did! Also, well-made cabinets can be refinished, and hardware could always be replaced if you ever want a refresh.
Countertops are one of the most prominent visual elements in the kitchen, so you should allocate your funds accordingly. Like cabinetry, they will see daily use, so it's generally considered a wise investment to spend more on countertops that will hold up over time.
Inexpensive faucets simply won't hold up to everyday use without significant wear and tear, which will ultimately result in a short lifespan and the inevitability of needing to buy a replacement. You'll actually end up saving money in the long run by investing in a high-quality faucet; plus, it will look SO much nicer.
Typically the first thing you notice in a room, lighting can elevate a space from just average to show-stopping! Lighting is a worthy investment that adds drama and excitement, whether it's pendants over the island to under-cabinet lights. It's incredible how well they add that extra special something.
Once you've allocated the bigger portion of your budget for the most essential pieces, you can now divvy up what's left for the extras: items that are available at a variety of price points and can easily be upgraded later.
Select Kitchen Appliances
As previously mentioned, unless you are an avid chef, you really don't need to spend a fortune on appliances. You will, however, want to purchase a reliable fridge. Still, you can cut back by selecting a less expensive range hood, especially if it will be concealed. The focus here should be on finding well-reviewed appliances that will suit your needs, nothing more, nothing less.
You also don't really need to invest in a luxury sink- many basic options will likely accommodate you just fine. There are plenty of very durable stainless steel options that look great and can be purchased for a few hundred dollars.
Replacing the hardware on every cabinet door and drawer will add up quickly, especially if you have a larger kitchen. You don't have to go with the priciest options when you can easily elevate the look with more affordable hardware. However, this doesn't mean you should go uber cheap- you still need them to perform well.
Décor and Accessories
There's no need to blow through your budget when it comes to décor- simply invest in a few unique pieces that you love. It's all about the final look, and no one will be able to tell the difference between high and low-end accessories. This is an excellent opportunity to buy whatever hot trend appeals to you!
Remember, when it comes to gaining insight on how to allocate your funds, you need to consider cost vs. value- both in terms of how you use your kitchen and/or the potential ROI if the plan is to one day sell your home.
If you're thinking about starting a kitchen remodel, you DEFINTELY want to get a pro involved from the START! Connect with Spaces by Juliana today to learn more about how you can get the magazine-worthy kitchen you've always wanted!