Of all the improvements and upgrades that can be made to an existing home, few of them offer as much value as tackling a kitchen renovation. Upgrading a kitchen doesn’t just make life easier for the occupants. It also provides value to the home and it can often substantially raise the appraised value of the house.
So what factors determine whether a luxury kitchen renovation is required? The first thing to consider is the state of the current fixtures and appliances. If they are more than five years old, they are likely candidates for replacement in a luxury renovation. It’s also important to access the state of the cabinets, fixtures, counters and floor. Do they need to be completely replaced or can they be reworked in the renovation? The answers to all of these questions will factor into the final cost of the renovation and will help in putting together a budget.
When it comes to putting together a budget, there are a couple of things to consider. First is simply how much money is available for the renovation. Keep in mind that it’s always wise to set aside 20% of the budget for unexpected problems, particularly in an older home or one with existing structural issues. According to industry experts, the cost of a luxury kitchen renovation can top $100,000. Most people aren’t going to spend that amount, but it’s important to set a realistic budget and stick to it.
Inevitably, a bit of feature triage is going to be necessary as the plans for the renovation begin to come together. In general, people considering a renovation have a lot more ideas than budget, so it’s important to know what is it a “must have” feature and what things are just nice to have. This is the point when it’s also smart to think about the future of the home. Is the house likely to be sold in the next five years? If so, then the financial considerations are different than it would be for a home that is likely to remain in the family. The surrounding homes are also a factor in this decision. While having a luxury kitchen is wonderful, ending up with a kitchen that is wildly more or less luxurious than the ones found in surrounding comparable homes can have a big impact on the asking price of the house.
The last important decision to make is who to hire to help make those kitchen dreams come true. While there are plenty of companies willing to take the money, it’s always a smart idea to hire a luxury home renovation professional. These Calgary renovation professionals have the expertise to do the job on time and on budget. They have the experience with luxury materials and that can have a big impact on the final look of the renovation.
Choosing to do a luxury kitchen renovation can seem like a scary decision, but hiring an experienced luxury home renovation professional can take away those worries while providing a luxury kitchen to be proud of.
