Wanting to remodel to encourage a sale could reduce the budget, remodelling to wow guests could max it out… etc. Factor 3 Did you say AGA to somebody? – List any “must haves” that are worth it to you for a kitchen remodel. Possible examples include: granite counters, an island with an additional sink, a second dishwasher, a gas range of commercial quality, etc. Factor 4 Longevity- Determine the length of time you plan to own the house to the best of your ability.For more information, visit their website at Savannah Kitchen Cabinets.
Factor 5 Size Matters- Determine the percentage that your kitchen includes in your home. A sampling of more than 100 modern home floor plans of 1000 to 3000 square foot homes showed that the average square footage of the kitchen was 7 percent of the square footage of the home. You might need to increase or decrease your budget accordingly if your kitchen is larger or smaller than this average. Factor 6 Layout-If you already know that you’re going to want to move the sink, add an island sink, move an interior wall, and add an external door, then you need to add money to your budget well beyond what it would cost to have a basic facelift.
Funding factor 7- Determine the maximum amount of money that you can afford to spend.You can calculate what a lender is likely to lend you if you are financing your project. A debt-to-income ratio (DTI) of.36 or less is what lenders want to see. By taking all your monthly debt obligations (credit card payments, auto loans, mortgage, etc.) and dividing them by your monthly income, your DTI is established. Multiply.36 times your monthly revenue to determine your maximum secure monthly debt. Now subtract your current monthly debt from this number and you’ve got the maximum monthly budget. Here’s a link to a calculator that will do the math for you: mortgage calculator.
Kitchen Design Solutions
760 King George Blvd Suite E, Savannah, GA 31419