Factor 1 Home Value- Consider not only what you think your home is worth, but also the value of similar homes in your neighborhood that already have updates. My favorite website to check home values is zillow.com, simply enter your address and you get an interactive map with home values and other information listed right on the map. Take note of which homes are of similar size to yours, have been purchased more recently, but have a higher value, then peek in their windows to see what the house looks like. Ok, seriously, I was only kidding. If you don't know them perhaps it's time to meet the neighbors and ask for a quick tour.
There are several places online you can go to help you establish a basic budget number to start with. My personal recommendation is Remodeling Magazine's Cost vs. Value Report which is released by region and major city each year. The really nice thing about this report is that it gives a description of the "average" project so that you can gauge if your kitchen remodel is going to fall above or below the benchmark. I also find their average pricing to be an accurate reflection of the pricing for our company, so by recommending to clients before I even meet with them that they investigate this report they are more likely to establish a realistic budget we can work within to give them a fantastic kitchen.
People often refrain from remodeling their kitchen due to the fear of unbearable costs. However, hiring a professional kitchen remodeling designer can really give you your money's worth, returning on your investment when you go to sell your home. A skilled kitchen designer will suggest excellent ideas, resources, and amenities, all within your budget and leave the final decision to you. By analyzing your family's cooking style, frequency in socializing, space and lighting effects in the kitchen, a good designer will create a suitable plan based on your budget.
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