Limit spending on the kitchen remodeling to about 15 - 20 percent of your home's value. According to the National Association of Home Builders, updating and remodeling your kitchen will add more value than any other improvement. Even if you plan on moving at some point after the remodel, don't forget that kitchen projects add more value to your home than any other improvement.
A real estate agent can be a good resource when considering how extensive a kitchen remodeling project to undertake. Even if you are not considering moving, but rather want to remodel for your own satisfaction, Real Estate Agents are usually quite aware of how much previous clients have spent on remodeling and how much the value of the home increased as a result, and how much would be too much. In the past, "home remodeling" simply meant repair jobs, but modern trends and increased home improvement options have fueled a demand for homes that are customized to individual needs.
Contractors usually charge by the hour for their labor plus the cost of materials. Contractors that understand the business know that fulfilling the needs of the customer is what gets the deal. Contractors can eat up a large portion of your budget. Contractors that specialize in kitchen remodeling are far more experienced in working with the kinds of plumbing, gas, and the electrical issues that can arise during a kitchen remodel.
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