One of the most important decisions when planning your outdoor kitchen is a good outdoor kitchen budget planning guide. Find a balance between what you want and what you can afford.
You can spend anything you want on an outdoor kitchen, from $500 for a freestanding grill and a rolling side cart to $25,000 for a fully outfitted cooking and entertaining zone with built-in appliances, stone counter tops and plenty of room for guests.
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Tips for Your Outdoor Kitchen Budget Planning Guide
Where do you live?
In a cold climate, you may only use the outdoor kitchen for two or three months of the year. If you live in Southern California, the outdoor kitchen may be a year-round extension of your home. How much you should invest in the project should be proportionate to how much you’ll use the space. This part of the outdoor kitchen planning budget will change in accordance to your location.
Can you tell the difference between your wants and your needs?
A good outdoor kitchen budget planning guide will help you keep your wants and needs in check. Sure, a super-sized grill with infrared searing zones, dual fuel, a rotisserie and a side burner looks awesome in the showroom, but if all you ever grill are burgers and hot dogs for your family of four, you’ll be spending a bundle on features you don’t need.
What are the neighbors doing?
If you want to get a reasonably good return on your investment at resale, don’t improve far beyond the level of the neighborhood. In other words, your backyard shouldn’t be the only or the most expensive outdoor kitchen on the block.
Did you factor in the tax increase?
One very important consideration is property taxes within your outdoor kitchen budget planning guide. If you have to file building permits, your property will be reassessed for the value of the project, and your property taxes may increase accordingly.
Outdoor Kitchen Budget Planning Guide Costs to Consider
Learn to make a budget so your outdoor kitchen won’t be a wallet buster. You can spend just about anything on an outdoor kitchen, from a few hundred dollars to many thousand. But should you? Before you visit a single showroom, where it’s easy to be seduced by the gleam of stainless steel, or talk to even one contractor, you need to have your budget in place.
The first step to a smart outdoor kitchen budget planning guide is to decide how much you have to spend. Evaluate your resources and how much you can and should spend. Consider using cash. With savings accounts earning so little these days it’s not a bad time to invest those funds in your home, but don’t expect to get that money back at resale. Outdoor kitchens aren’t at the top of buyer priorities in these economic times, so consider it an investment in your own enjoyment.
Other options are home equity loans, home equity lines of credit, or a cash-out refinance, in which you refinance your mortgage, increasing it by the amount of the project.
Price out all the elements of the kitchen, remembering to include small details like hardware and light fixtures, which can add up in a hurry. Have this list in hand when you talk to potential contractors. It will give your contractor a sense of what you want to include in the kitchen, show that you’ve done your homework, and let the contractor adjust his bid to include actual products.