The 5 to 15 Rule in Budgeting for a Kitchen Remodel

When it comes to kitchen remodels, or any home remodeling services for that matter, your budget will define the options you get. Budgeting for a home remodel is really a balancing act. You want to get the most value for your money without overspending. You also don’t want to underspend and find yourself spending more money in the long run replacing or repairing parts of your home frequently.

Ultimately, budget decisions are completely up to you. However, there are some important pointers you want to keep in mind so you don’t stretch your budget too thin. Here are a few of them from our experts at J Bryant Boyd Architect Design-Build.

Maximizing Value

Kitchen remodels aren’t cheap so your first step should always be to choose the right design-build firms to help you get started with the planning phase. Don’t be afraid to discuss your budget considerations and constraints with your designer and your builder. Most of the time, they’ll be able to give you the best quality materials your budget will allow, which will ultimately maximize the value you get out of your kitchen remodel.

The 5 to 15 Rule

Professionals often follow the 5 to 15 rule when it comes to determining budgets. This means the money you should invest in a brand-new kitchen should not be below 5% but not above 15% of the total value of your home. This should be enough to give you a good ballpark figure to get started on your budgeting plans.

How It Works

As an example, if your home is about $500,000 in value, you want to keep your custom home building services budget for a kitchen remodel between $25,000 to $75,000. In many cases this is already a wide range that can give you a modern and improved kitchen with plenty of financial elbow room for edits.

At J Bryant Boyd Architect Design-Build, our professionals are more than happy to work within your budget to create your dream kitchen. Give us a call at (512) 930-1686 or fill out our contact form to schedule a consultation and request a free estimate today. We serve homeowners in Round Rock, and the surrounding areas in TX.