Kitchen Remodeling Budget Estimate - HomeAdditionPlus.com

Starting off with a Kitchen Remodel Budget Estimate is Key to Every Successful Kitchen Remodeling Project

By Mark J. Donovan

Establishing an upfront kitchen remodeling budget estimate is imperative for getting a handle on your total expected kitchen remodeling costs. Kitchen remodeling projects are expensive and there are a variety of high priced items associated with them that can make or break your kitchen remodeling budget and dreams. Kitchen cabinets can easily exceed $10,000, and Granite kitchen countertops can cost several thousand dollars or more as well.

By developing a kitchen remodeling budget estimate upfront you can establish a financial plan that includes determining the overall cost of your kitchen remodeling project and how much you may need to finance.

In addition a kitchen remodeling budget estimate also helps to establish limits on the scope of the kitchen remodeling project and the features and materials you may want to incorporate into it.

Generating an upfront kitchen remodeling budget estimate should not be limited to a top level estimate of the project. It should also include detailed cost estimates for each phase of the project, e.g. demolishing work, new kitchen cabinet installation and flooring, etc.

Initially the costs for each phase of the kitchen remodeling project can be rough estimates until you actually begin to receive quotes from kitchen design centers and kitchen remodeling contractors. As kitchen remodeling contractor bids come in and you get solid quotes on kitchen cabinets and other new kitchen items you can refine your kitchen remodeling budget estimates.

Kitchen remodeling budget estimating also helps to give you a clearer picture of what you want to see in your kitchen remodel, and strengthens your negotiating skills with kitchen remodeling contractors. By establishing a kitchen remodeling budget estimate upfront for each phase of the project you can better evaluate the kitchen contractor bids and kitchen design quotes. By comparing your kitchen remodeling budget estimates with contractor bids and kitchen design quotes you can make more intelligent decisions on who to hire or what to include in your kitchen remodeling project.

I have completed a number of kitchen remodeling projects and when generating my own kitchen remodeling budget estimates I have found it instrumental to use a tool such as Microsoft’s Excel program. Using this tool I was able to create my own comprehensive kitchen remodeling cost spreadsheets that contained all of the major trades and materials required for my kitchen remodeling projects, such as cabinet installers, plumbers, electricians, etc. And within each one of these major trade categories I created separate breakout line items for individual costs that automatically got rolled up under the major trade categories and the overall cost of the kitchen remodeling project.

In addition, I also included budgeted and actual columns so that I could constantly compare my real costs to my budgeted costs throughout every phase of the kitchen remodeling projects.

If you are interested in downloading my personal Microsoft Excel based Kitchen Remodeling Budget Estimate Spreadsheet template and its associated Bid Sheet, check out my Kitchen Remodeling Bid Sheet.

The Kitchen Remodeling budget estimate spreadsheet is editable and automatically roles up the various trade categories and total kitchen remodeling costs (estimates and actual).

So whether you’re contemplating a small or large kitchen remodeling project, start off by generating a kitchen remodeling budget estimate. As you then develop your unique kitchen remodeling plans and receive kitchen remodeling contractor bids you can update your budget estimates accordingly. By establishing a kitchen remodeling budget estimate up front, you will help to mitigate the risk of cost overruns, and in the end attain a remodeled kitchen that better meets your personal and financial goals.

For help on your kitchen remodeling project, see my Kitchen Remodeling Bid Sheet. The Kitchen Remodeling Bid Sheet provides a request for quote checklist section that you can provide to prospective kitchen remodeling contractors. It also includes a comprehensive kitchen remodeling cost breakdown table, in Microsoft Excel format, that allows the contractor to include his projected remodeling costs for every phase of the project.

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