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5 Common Reasons People Go Over Budget On Their Renovation

5 Common Reasons People Go Over Budget On Their Renovation

When planning a kitchen renovation, one of the first questions you’ll be asked is “what is your budget?”.  It’s important to both be realistic about what materials and labour cost, but also to keep in mind where you’re comfortable and what’s affordable for you. It’s always important to have a contingency plan for the unexpected because even when you’ve planned for what you think is “everything”, sometimes, unexpected happens and that can change the original scope of your project.  Here are 5 of the most common reasons we find tends to affect the initial bottom line target:

1. Cabinetry Finishes
Being custom cabinetry experts with respect to both design and installation, we can integrate your design with a wide variety of materials from Textured Faux Wood to Black Walnut.When building your budget, remember that your cabinetry will (and should) represent the largest portion of your overall spend as it covers the largest footprint.

2. Adding Custom Storage Features
When renovating your kitchen, it’s a common goal to want to improve organization and not just your overall storage.Things like a knife drawer, spice rack, garbage and recycling centres, pull-out pantry, rollouts, appliance panels and other decorative mouldings are among the type of added features that will make you love your space, but that come with additional cost.Consider what’s truly important to you when selecting these features and we’ll help you understand what makes the biggest overall impact if you get overwhelmed trying to decide on your own what you truly need.
 
3. Spending More on Countertops
Whether you are selecting a man-made product such as quartz or a natural stone such as granite or soapstone, the cost for these materials can vary from one slab to the next.  This is because some mined stones are rarer than others, and some materials are more complicated to fabricate.  Your counters are one of the most important features in your kitchen, so it deserves a healthy portion of your budget. 

4. Structural Changes
When you invest in your home with a kitchen remodel, it often involves more than just replacing the cabinetry and countertops. If you are planning on removing a wall to make your floor plan more open concept it may mean re-locating plumbing, HVAC, electrical or all of the above. Depending on the age and condition of your home there could also be abatement requirements (for things such as asbestos removal in your floors, drywall, or insulation). Simply be aware that every change, big or small, can have an impact on your bottom line.

5. Unexpected Surprises
Most of the projects we take on involve changing the original floor plan and layout.  Whenever we start opening up walls, there’s often surprises because there’s just no way to know everything that’s going on behind the drywall until it is removed.  We attempt to mitigate the pain of a budget that becomes a moving target by building in a contingency, however, some things will inevitably change the overall landscape.  Pulling up old flooring to discover there’s asbestos means professional removal or discovering faulty electrical could require running new lines back to your panel.  Although we make every effort to ensure your job goes smoothly, understanding the unexpected can happen will make your renovation less stressful.

With all of this in mind, remember that the best way to stay on budget is a to have a solid plan and hire a professional. Don’t leave your kitchen remodel or main floor renovation up to chance; let our team help you build your budget and design your dream space.