05 February 2009

Cost for new kitchen depends on many factors :
  1. the cabinets : standard (stock), semi custom or custom
  2. the appliances : standard or professional grade
  3. the Countertops : laminate or stone
  4. type of options or accessories you choose
  5. what materials and type of construction is used
  6. how much you want to spend ... whether you are using a builder's allowance, setting up a remodeling budget, or planning a custom home
Allowances

An allowance is n a budget which the builder has established based on the neighborhood, size of the house, price of the house based on the final blueprints and/or product availability from designated suppliers.

Upgrades to appliances, cabinetry, and fixtures are determined by the builder. Make sure you understand what the limits are, and what options (if any) are available to you. If you are having a custom home built your architect or builder will help you establish your budget before the final plans are drawn.

Budgets

If you are remodeling, determining how much you should spend is harder. Factors that must be taken into consideration are :
  1. the age of the house
  2. current value of the house
  3. do you plan to stay in the house more than a few years
  4. the return on your investment when it's time to sell your home, especially if you plan to sell within a few years
Spending too much might mean not getting back part, or even all of your investment. Spending too little might actually lower the resale value of your home when buyers compare your home with others in the same price range.

On the other hand, if you plan to stay in your house for a long time, then spending whatever it takes to get what you want is not unreasonable.

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