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8 Frugal Tricks I Used to Buy a $30,000 Kitchen Remodel for $14,634

September 11, 2018 By The Money Wizard 22 Comments

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ways to save on cost of kitchen remodel

disclosure 4

Drumroll please…

I’m proud to announce that after months… and months… and months… of waiting, we’re finally finished with The Great Money Wizard Kitchen Remodel of 2018.

As regular readers can surely attest, I started to sound like a broken record with my constant “almost done” reminders in the net worth updates. What started as a two week project quickly (or slowly?) turned into a 4 month project.

#TypicalReno

BUT, there’s one huge silver lining to all that waiting. We completed the whole project at a fraction of the cost of the average kitchen remodel.

We’ve all heard the common joke: “Kitchen remodel? Say goodbye to $20,000!”

And that joke might hold some truth, because national data shows the average cost of even a “minor remodel” clocks out at $21,198.

And unfortunately, there was nothing minor about our remodel. We gutted our entire kitchen. We:

  • Ripped out a load bearing wall
  • Bought a new fridge, dishwasher, range, and sink
  • Went with the pricey quartz counter-tops
  • Replaced all the flooring and cabinets
  • And added some foundation work for good measure.

I’d say this might fit into “mid-range to major” remodel category, which that same study estimates at an average cost of $60,000 to $125,000. (Even in a best case scenario, I’m pretty sure I’ve never seen an episode of House Hunters Renovations where the total damage was less than $30,000.)

So what was our total bill for that laundry list of costly kitchen costs?

$14,634.

And the results aren’t too shabby, if I do say so myself:

Before:

Even The Money Pup felt cramped in the old kitchen!

After:

But rest assured, you don’t just slash the cost of a kitchen remodel in half by haphazardly floating through the process. Oh no, we relied on a calculated level of Money Wizarding not seen since I bought a brand new $20,000 car for $13,000.

Here’s the 8 crazy tricks we used to make it happen. You won’t find these gems on google, because they were born through trial, error, and constant terror about going too far over budget.

1. Home Depot’s Low Price Guarantee

home depot price guarantee

If you’re like me, you’ve probably heard the saying a million times on their commercials, but I still had no idea what it actually meant. Which is a shame, because Home Depot’s Low Price Guarantee is an amazing deal:

If you find a lower price on an identical product from a competitor, Home Depot will match that competitor’s price. (This works if you’re purchasing in store or online.)

BUT, purchasing in-store makes the deal even sweeter. Drag yourself to an actual Home Depot location, and Home Depot will match the competitor’s price and take another 10% off for good measure.

A real life example – I found an awesome GE Gas Range at Home Depot. The only part that wasn’t awesome was the $1,200 price tag.

So, I googled the same model number, and I found 4 stores several states away with the same model on sale for $1,000. After the manager double checked the ad to make sure it was legit, Home Depot sold me their $1,200 Range for $900!

Boom, instant $300 savings.

2. Lowe’s 30 Day Coupon Policy

Shout out to the friendly Lowe’s cashier who let me in on this gem.

After dropping over $3,000 on quartz counter-tops, I found myself making the walk of shame to the cash register at the front of the store, ready to pay the piper. I got my card ready when the cashier asked, “Do you have any coupons to apply?”

“S#!T!!!” I thought, as Lady Money Wizard painfully reminded me we’d thrown away some junk mail with a 10% off Lowe’s coupon a couple weeks ago.

“No problem,” the cheery cashier said. “You can bring in any coupons within 30 days, and they’ll be retroactively applied to your purchase.”

Veeeery interesting…

So, I finished my purchase and did what any reasonable schemer would do. I got home and immediately logged into eBay, where I found dozens of 10% off Lowe’s Coupons selling for $3.99. Shipping included.

A couple days later, I brought my newly purchased golden ticket back into Lowe’s. After a couple phone calls back and forth, I enjoyed a cool $350 discount on the beautiful counter-tops.

3. Ibotta’s Amazing Cash Back

Ibotta is an awesome cash back app that constantly runs coupons on everything from ketchup to major appliances.

So when I found myself in Sears looking at $400 dishwashers, I remembered to check the app. Sure enough, Sears was running an amazing 15% cash back promo through Ibotta.

I bought the dishwasher, took a picture of the receipt with the app, and a few days later, saw $64 arrive in my account.

(Along the same lines, Ebates and Mr. Rebates are two other great cash back options.)

PS – if you sign up through my Ibotta link above, you’ll get a free $10 bonus.

4. Entry Level Appliances

Now for some tough love. You are not Gordon Ramsey. And you don’t need his equipment.

  • For the life of me, no salesperson could explain why I should spend $900 on a dishwasher for a 3 decibel reduction in sound, when studies show this change is completely imperceptible to the human ear.
  • A $10,000 refrigerator keeps the food just as cool as the cheap-o version.
  • A stovetop that runs on rocket fuel and can sear a steak at nine million degrees sounds awesome on paper, but will it really make your food taste $6,000 better? You’d probably be better off with a $10 cookbook.

So ditch the flash. Nobody can tell the difference anyway.

I get compliments all the time on my entry level stove-top, or even my dishwasher, which was literally the cheapest model in the entire store. But they’re stainless steel, and I’ve watched enough House Hunters to know stainless steel is always impressive.

save on dishwashers
Can you spot the $1,600 difference between these two dishwashers? 

And besides, we live in a world of Amazon reviews. It seems every product has been tested, retested, and extensively reviewed again, which means you don’t have to spend a fortune to find quality.

Research your purchases carefully. Go for the value, not the flash. And save yourself thousands.

5. IKEA Cabinets

I told a friend that I decided to go with IKEA cabinets. I could see the skepticism on their face as they asked, “Are they good?”

To which I answered, “They can open up. And I can even put things in them!”

ikea kitchens
IKEA kitchens are surprisingly nice. And definitely cheap.

In all seriousness, they seem to be decent quality. They’re also nearly half the price.

The high end cabinet salesman warned me that they may only last about 20 years. Maybe that’s true. Or maybe he was just trying to use fear to sell.

In any case, is it even a big deal? The chances I sell my house within the next 20 years, or even the chances of the cabinets going out of style, seem very high. In which case, I could almost completely re-do the kitchen just with the price difference between IKEA cabinets and high end, custom cabinetry.

6. IKEA’s Annual Kitchen Sale

Speaking of IKEA, did you know they run kitchen sales so often, there’s no really no reason to ever pay full price?

2-3 times a year, IKEA offers a 15-20% discount on kitchen purchases over $2,000. PLUS free shipping.

Thanks to the internet, we’ve gotten used to the term “free shipping” as it applies to a book or a $3.99 Lowe’s coupon. But in the kitchen world, free shipping is a HUGE deal, because shipping costs for a thousand pounds of cabinets, counter-tops, and appliances can be astronomical.

Here’s a good breakdown of the most recent IKEA event, which ran from the end of February to early April, and saved me around $500 on my cabinets.

7. Home Outlet Stores

You know the type. Concrete floors. Random parts and plastic everywhere. Dinged up appliances that look like they fell straight off the back of a truck.

And zero air conditioning. Ever.

We browsed through nearly every one of these places all over the cities. Our hard work eventually paid off, in the form of beautiful hardwood floors for 92 cents a square foot.

save cost of kitchen flooring
Not bad for less than a buck!

We got a good chuckle when we saw the exact same model number in one of the big box stores, for $3.50 a square foot. Ahh… who doesn’t love a nice 70% discount?

Total savings for our square footage? Around $620.

8. A cheap contractor

I probably saved the most important point for last. We were admittedly very lucky to find an incredible contractor willing to do great work for awesome prices.

He just so happened to be a family friend, which came with the pros of great prices on labor. It’s hard to say exactly how much this saved us, but I’m sure even my most educated guess would still be too low. (Not to mention the added savings of getting the job done right the first time.)

My recommendation? Search out every networking resource you have to find a great contractor who you trust to give you a fair price. If you don’t know anyone, your friend, uncle, or neighbor probably does.

If you’re not willing to D-I-Y it yourself, a good contractor is undoubtedly one of the most important factors, and also one of the most overlooked. Ours definitely saved our A$$ several times during the process.

Take advantage of these tricks to save big

Final thoughts? Home renovations are expensive, as any home owner can attest. But that’s only half of the story.

Because I’ve noticed an interesting trend; the more expensive the purchase, the more wiggle room usually exists on the price.

And as my experience shows, with a little bit of hunting, the savings on high priced kitchen renovations are everywhere.

Do you have any tips to save on home or kitchen renovations? 


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Reader Interactions

Comments

  1. Financially Free says

    September 11, 2018 at 8:26 am

    That’s one good looking kitchen. Affordable, yet very fresh and modern. Congratulations, well done!

    Reply
    • The Money Wizard says

      September 11, 2018 at 10:37 am

      Thanks!

      Reply
  2. Hustle Hawk says

    September 11, 2018 at 8:39 am

    Perfect amount of space on the countertop to serve pizza 🙂.

    Just kidding!

    When it comes to home furnishings I’ve never really understood why people go for ludicrously (insultingly) overpriced items which offer little (if any) improvement in performance over something more affordable. Signaling perhaps…

    Enjoy

    HH

    Reply
    • The Money Wizard says

      September 11, 2018 at 10:38 am

      Definitely a perfect pizza island!

      Actually very pleased with how the counter space worked out. Definitely a functional design.

      Reply
  3. Cody Felton says

    September 11, 2018 at 10:04 am

    That’s an impressive looking kitchen! Great work!

    Reply
    • The Money Wizard says

      September 11, 2018 at 10:36 am

      Thanks!

      Reply
  4. Matt says

    September 11, 2018 at 10:05 am

    That looks awesome, and the extra counter space must come in handy. Does it save you some space by removing the need for the rolling island, too?

    Just curious, what were some of the ways your family friend contractor saved you during the remodel? I don’t have a remodel planned (or even my own place yet) but I love to learn about how to avoid pitfalls 🙂

    Cheers,
    Matt

    Reply
    • The Money Wizard says

      September 11, 2018 at 10:35 am

      Mostly in the form of NOT ripping us off on labor prices, and often charging FAR below market rates as part of friendly barters usually involving meals and beers.

      Reply
  5. Paul says

    September 11, 2018 at 10:18 am

    Nicely done! It’s great to be aggressive with each component – so many people have a budget figure and if they win in one spot will spend it in the next. There is no such thing as a perfect kitchen – redesigns are engineering problems to make the most improvement with the least spend. Looks great

    Reply
    • The Money Wizard says

      September 11, 2018 at 10:29 am

      Thanks Paul.

      So true too – what you described goes beyond kitchen remodels and applies to most people’s monthly budgets too.

      Reply
  6. Kimberly Cook says

    September 11, 2018 at 10:47 am

    Wow! It looks amazing. It is very impressive. I love how open your new kitchen looks. How much of your cost went towards labor? I noticed a cut out in the countertop on the left of the dishwasher. Is it for a reason that I can’t see in the picture? Thank you for sharing.

    Reply
    • The Money Wizard says

      September 11, 2018 at 11:25 am

      Thanks! There’s a door to the left of the dishwasher, so that side needed shallower countertops to keep the door from being blocked.

      I don’t have the exact numbers in front of me, but I’d guess the labor and some related materials were about 40% of the total cost.

      Reply
  7. Kire says

    September 11, 2018 at 12:56 pm

    What is that stuff on the side of your fridge?

    Reply
    • The Money Wizard says

      September 11, 2018 at 2:17 pm

      Spice Tins! Like these. Digging through a crowded drawer was driving me nuts.

      Reply
  8. Mr. Tako says

    September 11, 2018 at 3:39 pm

    Nice job on the budget kitchen remodel! It looks very nice!

    As someone who’s hired a number of different contractors over the years, I will say that having a cheap contractor that will do good work put you *miles* ahead.

    90% of the time contractors do terrible work, and charge you too much to do it!

    Reply
  9. Lisa says

    September 11, 2018 at 5:21 pm

    Going thru a bath remodel right now. Biggest cost is the actual tile and the Labor to install. Luckily we know a great tile guy who can do it all acting as our general handy man/general contractor.

    One of my biggest cost shockers the shower head, diverter plumbing business. It would have cost nearly $400 more to get the ‘fashionable’ brushed nickle and double that if you wanted the even more fashionable oiled bronze. I saved myself the $$ and went with the perfectly fine chrome option.
    Another great find. Purchased my mosaic accent tile from HOBO for $6 a square instead of $12 at the tile store… It was the SAME tile!!!

    Reply
  10. Marc @ Vital Dollar says

    September 11, 2018 at 6:10 pm

    Thanks for sharing these tips. The kitchen looks great! I love the Lowe’s coupon story. Another reason not to buy high end appliances is that they are expensive to fix. Two years ago we moved into a house that has a nice kitchen with expensive appliances. A few months ago the stove needed a new element and it cost $2,000 just to fix it (part had to be shipped from Germany). I was tempted to replace it with a new, cheaper model but it is built in and there’s a microwave about it and warmer below it and everything would have been mismatched. When we eventually re-do the kitchen we won’t be buying the same high-end appliances.

    Reply
  11. festus hagan says

    September 11, 2018 at 8:25 pm

    Hmmm … Ikea Cabinets? Look great but will not last, sorry to say.

    Reply
    • The Money Wizard says

      September 11, 2018 at 10:26 pm

      Do you have first hand experience with IKEA cabinets?

      Reply
  12. Money Beagle says

    September 13, 2018 at 12:08 pm

    Interesting. I have heard mixed things on the IKEA cabinets. We have a lot of IKEA furniture and we have found it very durable and long lasting. I think a lot of it is how you treat it, just like anything else.

    You mentioned that you took out a load bearing wall, but never really specified anything else that I saw. I had thought that properly reinforcing the structure to compensate for the removal of a load bearing wall was pretty expensive. Did your contractor do that? Did you have inspections to make sure that you won’t run into problems down the line?

    Reply
  13. Syed says

    September 17, 2018 at 9:31 pm

    any particular website you referred to for kitchen design ideas?

    Reply
  14. [email protected] says

    October 12, 2018 at 12:54 am

    The kitchen looks great. You have also offered some great tips on how to remodel on a budget, thanks.

    Reply

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