On another thread, some of us have been "chatting" about how hard it can be to plan a realistic budget for a kitchen reno. In my finished kitchen description, I gave numbers for what we spent but I didn't talk about how we "chose" to spend that amount of money. (didn't feel like a choice ... ha ha on us!)
Anyway, yanalg was kind enough to include the cost breakdown from her stunning kitchen remodel in upstate NY back in 2006, and I hope she'll repost it here as well.
I'll go first and hopefully others who have already completed their kitchens, are in process of doing theirs or are in the planning stages will also feel comfortable enough to contribute.
I know talking about money is uncomfortable, but if you're anything like I was when starting our kitchen process you are clueless about how much it could potentially cost!
We purchased our house in early 2007, and out of the air, based on nothing I thought $40,000 seemed like a fair number to gut the kitchen and start from scratch. I had done zippo research and the only people I knew who had done kitchens were either new-build or had done it too long ago to be of present-day help to me.
Our kitchen is a U which is 13' wide by 11.5' long, an island and then on another wall a bank of cabinetry 7'+ long. Our ceiling is 9' high.
We met with a KD whose first bid for just cabinetry came in at ~$60,000. No appliances, no countertops, no labor, no backsplash, just cabinets. My husband didn't care about the numbers because he has made a point to never, ever be involved in our financial life. (believe me this is not my choice)
Based on that and what I was seeing from our wish list of appliances, I decided we should go up to $80,000 for the whole kit-and-kaboodle. So the KD came back with a cabinetry bid for $78,000, and that still left out lots and lots of bells & whistles and didn't include installation. We parted ways.
Through great good luck we found a local custom cabinetmaker whose initial bid came in at $48,000, and we decided to go both full bore with him as well as everything we wanted. We skimped on nothing. Now, that's not to say I wasn't really, really careful about my purchases: we got everything we wanted but with scads of comparison-shopping -- buying things ahead of time to take advantage of a sale (our sink, saved $200 that way) or an incentive (our Thermador appliances -- got a $500 rebate that way); buying things from out-of-state to avoid sales tax, etc. It adds up, or it adds down -- you get the picture. Final total for cabinetry was ~$55,000.
But it was when I found our countertop / backsplash material (we used the same marble for both) that I felt as if I hit a dollar wall. We'd chosen a fabricator who'd worked with Calacatta, Carrara and Statuario so gave us pretty good numbers on what we could expect with each of those (well under $10,000). The stupid marble I chose ended up being nearly double that. But I got it anyway. Was it worth $19,400? Maybe. I guess to me it was, and I do love it. I love seeing it; I love wiping it down. I love hearing others comments about it. But that is an insane amount of money and I still cringe when I think about it. As I don't want to walk around with my shoulders up around ears and a pained expression on my face all the time I try not to think about it too often ....
Do I think our refusal to compromise on anything was a wise choice? I don't know. I honestly do not know. Does it hurt me that our kitchen ended up costing ~$115,000? You better believe it!
But because I was not as organized about this as I ought have been I really blew our "budget," (as if we ever really had one) and it was frighteningly easy to do.
If I had been on top of our spreadsheet, I could've seen things were getting away from us and I could've reined it in. But the only spreadsheet I kept was of what we were actually paying, not what our budget per item was. If I had done that, I believe I could have found a way to cut costs in some areas. I could have painted our kitchen myself (I'm a good painter!). We could have done without some of the bells & whistles in the kitchen (self-closing hinges and drawers immediately pops to mind).
If I had to do it again, what would I do differently? I would have been a spreadsheet maniac, determining the total we were willing / able to spend in total, and then I would've broken it down per item.
I would have been really careful about how we were spending money, determining "in order to do X, we'll have to cut back on Y and Z."
But I didn't do those things, and now I have a great life lesson! At the end of the day, the amount we spent on our kitchen is probably around 15 - 16% of our home's current market value. I live in Colorado, where the real estate market sucks. So it might be 15% today, but catch me next month! (no, don't -- I won't want to think about it!)
pasigal
paigeysmom
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