{"id":18455,"date":"2018-10-17T12:18:23","date_gmt":"2018-10-17T12:18:23","guid":{"rendered":"https:\/\/www.thehouseshop.com\/property-blog\/?p=18455"},"modified":"2018-10-17T12:18:23","modified_gmt":"2018-10-17T12:18:23","slug":"planning-a-new-kitchen-heres-how-to-budget","status":"publish","type":"post","link":"https:\/\/www.thehouseshop.com\/property-blog\/planning-a-new-kitchen-heres-how-to-budget\/","title":{"rendered":"Planning a New Kitchen? Here&#8217;s How to Budget!"},"content":{"rendered":"\n<!-- SEO Ultimate Plus (https:\/\/seoultimateplus.com) - Code Inserter module -->\n<script async>(function(s,u,m,o,j,v){j=u.createElement(m);v=u.getElementsByTagName(m)[0];j.async=1;j.src=o;j.dataset.sumoSiteId='b68b392479b5981b8acf46565e9fe32a0734fc21a1f7c1e60121eaa6ca1a1c64';v.parentNode.insertBefore(j,v)})(window,document,'script','\/\/load.sumo.com\/');<\/script>\n<!-- \/SEO Ultimate Plus -->\n\n<p><span style=\"font-weight: 400;\">The easiest part about planning any sort of home renovation is the dreaming part. You can spend hours gazing through catalogues and websites at your ideal walk-in shower and pourable vinyl flooring, but thinking about paying for it doesn\u2019t come quite so smoothly! Here\u2019s how you budget for this big project.<\/span><\/p>\n<h2>Work out an estimate<\/h2>\n<p><a href=\"https:\/\/www.creditfix.co.uk\/budget-calculator\/\"><span style=\"font-weight: 400;\">Use a budget calculator<\/span><\/a><span style=\"font-weight: 400;\"> to work out roughly how much your new bathroom will cost you. You should do this with a contractor so you get an accurate picture.<\/span><\/p>\n<h2>Find out how much you have to spend<\/h2>\n<p><span style=\"font-weight: 400;\">When you have an estimate, you need to work out if you have the spends! If you already have the cash ready, then that\u2019s great, but most people need to use either a loan or do an equity release on their property. This will give you a set amount to work with so you\u2019ll know what your limits are. You might be able to add some extra money from your salary each month, but don\u2019t factor this in to your calculations \u2013 use it for a few frills at the end of the project.<\/span><\/p>\n<h2>Get some quotes<\/h2>\n<p><span style=\"font-weight: 400;\">You should get quotes from at least three contractors and you should present them with the same specifications, like tiles,<\/span><a href=\"https:\/\/www.which.co.uk\/reviews\/electric-showers\/article\/how-to-buy-the-best-eco-shower-head\/eco-shower-heads-buying-guide\"> <span style=\"font-weight: 400;\">low-flow shower heads<\/span><\/a><span style=\"font-weight: 400;\"> and so on, so that you\u2019re getting the same project priced up for you.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To find the contractors to get your quotes from, you should ask around friends and family, as well as looking at local review sites. When you\u2019ve got your shortlist, don\u2019t just jump at the lowest quote, because it may be worth paying a bit extra for someone you\u2019ll enjoy having around your house for a few weeks.<\/span><\/p>\n<h2>Factor in some contingency money<\/h2>\n<p><span style=\"font-weight: 400;\">It&#8217;s pretty much the law and you have to obey it! You will, in the course of a renovation project, hit some sort of snag and incur some extra expenses. It may be that you have to upgrade your<\/span><a href=\"https:\/\/en.wikipedia.org\/wiki\/Travertine\"> <span style=\"font-weight: 400;\">travertine<\/span><\/a><span style=\"font-weight: 400;\"> tiles because the ones you originally wanted are in short supply and won\u2019t be in for three months. Ideally, you should add on another 15% to your budget, but make sure that you can afford the extra expense if you have to run into it, especially if you\u2019re getting a loan. If the extra 15% tips your repayments over the edge, then you might need to downgrade those tiles instead.<\/span><\/p>\n<h2>Work out what your priorities are and look for savings<\/h2>\n<p><span style=\"font-weight: 400;\">It\u2019s always good to look for ways to save some money, so that you don\u2019t eat into too much of your contingency fund, or maybe even come in under budget. You\u2019ll have some essential elements of the renovation that aren\u2019t negotiable and some that you have a bit of wiggle-room with. Ask your contractor if they know of any suppliers offering ex-display fittings or cheaper-but-just-as-good unbranded equipment.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Another good idea is to source your materials and fittings yourself, as you might stumble upon a few bargains out of your area and outside of your contractor\u2019s usual suppliers. If you do this, though, tell your contractor so that they don\u2019t end up doubling up on the bathtub!<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The easiest part about planning any sort of home renovation is the dreaming part. You can spend hours gazing through catalogues and websites at your ideal walk-in shower and pourable vinyl flooring, but thinking about paying for it doesn\u2019t come<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/planning-a-new-kitchen-heres-how-to-budget\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":41,"featured_media":18456,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wl_entities_gutenberg":"","_lmt_disableupdate":"","_lmt_disable":"","spay_email":""},"categories":[16],"tags":[],"wl_entity_type":[602],"modified_by":null,"_wl_alt_label":[],"jetpack_featured_media_url":"https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2018\/10\/kitchen-design.jpg","wl:entity_url":"http:\/\/data.wordlift.io\/wl0502\/post\/planning_a_new_kitchen__heres_how_to_budget","_links":{"self":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/18455"}],"collection":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/comments?post=18455"}],"version-history":[{"count":1,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/18455\/revisions"}],"predecessor-version":[{"id":18457,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/18455\/revisions\/18457"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media\/18456"}],"wp:attachment":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media?parent=18455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/categories?post=18455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/tags?post=18455"},{"taxonomy":"wl_entity_type","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/wl_entity_type?post=18455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}