“I will never forget the summer when my wife and I decided to redo the kitchen: Between the dust, the delays and the dirty dishes in the bathroom sink (not to mention she was pregnant) there was plenty of stress.
When undertaking a major home renovation, your first priority should be creating and adhering to a budget that is honest and realistic. If you want a stainless steel, humidity-controlled fridge with panorama French style doors, plan for it. You can find average project costs online to give you some sense of what to expect. For example, Remodeling Magazine estimates the average cost of remodeling a mid-range kitchen to be more than $58,000.
No matter your budget size, give some thought to what would happen if you went 20% over. A 2009 Consumer Reports survey found that 56% of kitchen remodels went over budget. In our household we really bent the curve– spending about 30% more than we originally planned due to our preferences in higher-quality finishes and materials. Be prepared to make the tough choices or dig a little deeper into your pockets.
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