A real estate agent can be a good resource when considering how extensive a kitchen remodeling project to undertake. Even if you are not considering moving, but rather want to remodel for your own satisfaction, Real Estate Agents are usually quite aware of how much previous clients have spent on remodeling and how much the value of the home increased as a result, and how much would be too much. In the past, "home remodeling" simply meant repair jobs, but modern trends and increased home improvement options have fueled a demand for homes that are customized to individual needs.
While Remodeling Magazine's report is very helpful, it is still a very one size fits all approach to establishing a budget. Keep reading if you'd like to try to hone your numbers a bit.
Factor 2 Wow! - This has everything to do with your goals and motivations. Write down each motivational factor which is important to you in a kitchen remodel. Here are some possible examples: Kitchen is falling apart. You love to cook and the layout doesn't suit you. You love to entertain and want to open up the kitchen as a place to gather. You want a kitchen that wows your guests. You are getting ready to sell your home and the kitchen is a sticking point with buyers... Now that you have your list, evaluate which motivations are most important and relist them in motivational order. Imagining your budget starting in "the middle" take note of which factors might move the budget up or down...i.e. wanting to remodel to encourage a sale might move the budget down, remodeling to wow guest might max it out
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