R&A Magazine - Spring 2023 - 9

FEATURE
haven't received your quotes just
yet, you can likely tell how costly
your project could get based on your
wish list. Rank your updates in order
of importance, knowing that you
may have to drop the one(s) that is
lowest priority for you if the remodel
doesn't fit within your anticipated
expenditures. Note: building in a
10% contingency buffer is always
recommended for unknown expenses.
by Tom Keller
President
GR Mitchell
Investing in your home can be
priceless for your family, but has a
great impact on resale value as well,
so a kitchen remodel is generally
considered a wise way to spend on
your home. Many industry experts
suggest spending 10% of your home's
value on a kitchen remodel (if your
home's estimated value is $320,000,
budget for a $32,000 remodel). If your
cash reserves aren't quite healthy
enough to fully fund a remodel, home
equity lines of credit through your bank
are an option or financing the project
at your local building material supplier,
like GR Mitchell, are great resources
for homeowners. Defining ways that
you're willing to cut cost can help your
money go further: Are you willing to
The beautiful kitchen remodel shown here
was completed in collaboration with Dee
McCarty Interior Designs.
associated with a plumber is very
relevant. Same can be said for
additional lighting/outlets or moving
major appliances.
Funding Your Remodel
You have a vision for your dream
kitchen, the list of general updates
that it will take to achieve it, now
it's time to consider paying for
everything. Is $20,000 a realistic
expectation or does your list look
more like $50,000+? While you
BEFORE
R&A MAGAZINE - SPRING 2023 - 9

R&A Magazine - Spring 2023

Table of Contents for the Digital Edition of R&A Magazine - Spring 2023

R&A Magazine - Spring 2023 - 1
R&A Magazine - Spring 2023 - 2
R&A Magazine - Spring 2023 - 3
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R&A Magazine - Spring 2023 - 5
R&A Magazine - Spring 2023 - 6
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R&A Magazine - Spring 2023 - 9
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https://www.nxtbook.com/ramagazine/ramag/ra-magazine-spring-2024
https://www.nxtbook.com/ramagazine/ramag/ra-magazine-wiinter-2024
https://www.nxtbook.com/ramagazine/ramag/ra-magazine-fall-2023
https://www.nxtbook.com/ramagazine/ramag/Summer2023
https://www.nxtbook.com/ramagazine/ramag/ra-magazine-spring-2023
https://www.nxtbook.com/ramagazine/ramag/ra-magazine-winter-2023
https://www.nxtbook.com/ramagazine/ramag/ra-magazine-fall-2022
https://www.nxtbook.com/ramagazine/ramag/ra-magazine-summer-2022
https://www.nxtbook.com/ramagazine/ramag/ra-magazine-spring-2022
https://www.nxtbook.com/ramagazine/ramag/ra-magazine-winter-2022
https://www.nxtbook.com/ramagazine/ramag/ra-magazine-fall-2021
https://www.nxtbook.com/ramagazine/ramag/SUMMER2021
https://www.nxtbook.com/ramagazine/ramag/Spring-2021
https://www.nxtbook.com/ramagazine/ramag/Winter2021
https://www.nxtbook.com/ramagazine/ramag/Fall2020
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