Infographic: 5 Important Ways to Overcome Under-Spending
If you are planning a kitchen or bath remodel, consider this, a recent article from Kitchen & Bath Design News Magazine states that “44% of homeowners who remodeled their kitchen or bath in the past year would have spent more money if they had to do the project over.”
This overwhelming percentage shows that in many cases, the most inexpensive option was not always the best option. Choosing inexpensive materials, doing the work yourself in an effort to save money or hiring an inexpensive and inexperienced contractor, can lead to major disappointment upon project completion. Many homeowners are unaware of how much a kitchen or bath renovation really costs, and can get blindsided by additional expenses then try to cut costs by choosing inexpensive and poor quality materials. It is critical to be realistic and have a clear understanding of actual expenses, as well as working with professionals who can advise and guide you through the process.
The article states that the top three design elements homeowners wish they had spent more money on were: making the kitchen larger (20%), adding organizational features (18%) and reconfiguring the space (18%). More specific regrets include underspending on cabinetry (62%), countertops (36%), lighting (29%) and flooring (27%).
Check out our infographic to learn ways you can prevent and minimize regret from underspending. Kitchen and bath remodeling projects require a great deal of time, effort, and planning– follow these suggestions so disappointment doesn’t occur.