Monday, April 25

Reverse Buyers Remorse

Many of you have heard about Buyers Remorse.  When you feel as though you spent too much money on something like a car, tv, etc. So what exactly is Reverse Buyers Remorse? Well, it is the opposite of Buyers Remorse, so regretting not spending more on something.

So what does this have to do with your new kitchen or bath? Everything! Many home owners are feeling Reverse Buyers Remorse after their remodel, saying they should have spent the extra money on the finish they wanted, the organization options, the glass, and other decorative accessories, counter tops, and even appliances, and the install.

Many home owners try to save money in every area of a kitchen remodel, but after the fact feel as though the extra investment would have been well worth it.  When budgeting, keep in mind these extra features.  Talk to designers and do homework before coming up with that investment amount.  Look at door styles, finishes, and do some preliminary shopping.

I will tell you a secret.  When you go to Home Depot or Lowe's to scope out cabinet options, or even that mom and pop cabinet shop, ignore the 10x10 kitchen price and look at the linear foot price.  Lets say you do really have a 10x10 kitchen, that's 20 linear feet. You may be thinking, lets deduct for the three foot window and our 30" refrigerator and range, so now so that's 12 linear feet right? No. When I help a client budget, I don't deduct for anything.  I take the full wall length and double it. Then I multiply by the cabinet linear foot price, say $100 x 20 feet = $2000 for cabinets. The ten by ten says only $1000 though, that's because the 10x10 is a 'stripped' kitchen.  No crown molding, no roll out trays and barely any drawers.  No one really wants that kitchen, unless its a rental.

Granted, the fewer interior options you want, the fewer the decorative enhancements you want, the lower you can budget. But nearly every kitchen I have budgeted has come out nearly spot on using this method. Also take the linear foot price you figured above along with the math from my Budget 101 post earlier, you can figure out what cabinets you can afford, and decide of you need to up your budget, do the install yourself, and save some surprises later.

Now, if you are in love with a specific door style and finish, but its way more expensive than what fits into the budget, then this is where Reverse Buyers Remorse comes into play. If you are spending $20,000 for your new kitchen, then why not spend $1,000 more for what you fell in love with in the first place, especially if you are going to regret it later.

Budget is important, don't get me wrong, but a kitchen remodel, for many, is once in a lifetime.