By: Kyle Spearin
Did you take out a home equity loan to update your kitchen?
Couples across the United States debate this topic all the time. An argument can be made that this is a sound decision because kitchens are known to increase a home’s value most. Plus interest rates are lower than ever.
A common misconception is that a new kitchen can cost somewhere between $10,000 and $20,000, a rather hefty sum for people just starting out. There’s other ways to do this without taking out a loan.
What if there was a more cost effective solution?
You can update an entire kitchen for far below $10,000. This includes new appliances, granite countertops, and the whole 9 yards. Most people find this an impossible feat because it sounds too good to be true. So many people make this same mistake that costs them thousands more than
it needs to. With a little frugality and elbow grease, a brand new kitchen can be created at a bargain price.
In this post, you’re going to learn how to build a brand new kitchen without breaking the bank. Hopefully this helps you save money on the renovation and gives you a dream kitchen for pennies on the dollar.
Imagine walking into a home where every room is a disaster. Let’s imagine that the kitchen in particular is the least aesthetically pleasing sight in the whole house. Each window sill is a different color, the backsplash is turquoise (more on this later),
and the kitchen is painted a shade of orange.
This is all too common for first time home buyers or those that can’t break the band to get a brand new house.
With a few cans of paint, you can paint the
window sills white (to stand out) and then paint the rest of the room a lighter grey color. This will cost you about $90 and a few hours of your Saturday. The end result? A room that will make your family want to gather for dinner and events.
The moral of this story is that paint is cheap and the most underrated instrument of any home transformation. All neutral colors are best if you plan on selling, they also make white window sills stand out more. By far, this is the best return
on your investment. Paint makes a huge difference.
Repurpose Your Cabinets
If you choose to replace kitchen cabinets during a remodel, it could easily double your entire budget. For this reason, try working with what you have. To put this into perspective, imagine owning a house with original wood colored cabinets. Pretend
that the fixtures are old and that they haven’t been cleaned since the house was built--again, this is quite common.
Rather than double your budget, get creative and save boat loads of money. First, scrub the cabinets inside and out until they actually look and feel clean. This can definitely take several hours, but the end result is a clean surface to paint over.
Next, sand every cabinet until they are smooth, level, and easier to paint. If it’s in your budget, use an electric sander, it’s well worth the cost when you factor in time saved.
Once this is done, the cabinets are ready to paint. Knowing that this is going to be a lot of work, try to enlist help. With some pizzas and beer, you can probably convince your friends to come over for “Paint Night.”
Depending on the color of your cabinets, you might need a coat of Kilz before layering on the paint. It can be time consuming, but with the help of some friends or family members, it’s worth the final results.
If you anticipate the date that your cabinets will be completed, you can also order new fixtures that are up to date and fashionable.Note to anyone reading this, make sure to measure unless you want to drill all new holes. Hopefully you can do this
in one foul swoop and not make the mistake of forgetting to measure. The end result will be a beautiful new looking set of kitchen cabinets. Your kitchen can be entirely transformed at a low cost.
When the time comes to update your kitchen, it’s only natural to want new appliances. You want them to match the rest of your kitchen’s modern feel rather than looking stuck in the past. The good news is, you can do this at a discount.
After doing some research, measuring, and getting quotes from various providers you’d be surprised what you can find. It doesn’t make sense to design a brand new kitchen without stainless steel appliances, so look for a new dishwasher, fridge, microwave,
You can probably do this for somewhere in the range of $2,000 to $2,500 including delivery and installation if you find a discount store that has dents on the side that won’t even be visible. These new appliances and a paint job can brighten up your
Granite countertops are definitely not the cheapest option, but you can get a good deal if you play your cards right. To save money, you can remove the previous countertops by yourself or hire day laborers to do it for you. That way, when you get
new countertops, all the workers would have to do was lay down the granite when it came.
When going to look at granite, there’s a million different options, providers, and prices. As you plan out your color scheme, it makes sense to try to match or draw contrast with your countertops, cabinets, and walls. After looking at multiple color
patterns and looking at prices around town, you can find something you like on sale.
No one will ever ask if you got your granite on sale, they’ll just compliment you on how beautiful it looks.
Fake Tile Backsplash
The finishing touch on an otherwise newly remodeled kitchen is the addition of a backsplash.
Many people love the aesthetics of real tile, but there is a cheaper alternative. For a fraction of the price, you can get a peel and stick backsplash. It looks the same as real tile, but it’s cheaper and easier to do by yourself. All you have to
do is measure, cut out the pieces and put it back together like a puzzle. For those who are hand, it’ll be relatively quick and garner compliments from friends, family, and neighbors.
Whether you’re a homeowner or investor, a newly done kitchen is sure to increase the value of your property. Saving money on renovations is a win-win.