Kitchen renovations are not something to be taken lightly. The reward of renovating one of the most practical and heavily used rooms in the house can be significant. However, you need to consider a few things to ensure it’s going to be worth your while.
How Much Should You Budget For A Kitchen Renovation?
How long do you plan to stay in your house? If you’re planning on selling in the near future, say 5 years or less, then only spend what you will recoup. Consult a real estate agent for advice on your house value and the general expectations of buyers in your area. Otherwise, plan a kitchen that will grow with your family. As a rough guide you should invest about 5% of your home value into your new kitchen (ie. for a $700,000 home, plan on a $35,000 kitchen renovation budget). A general guide for the breakdown of costs for a kitchen renovation with structural changes is as follows:
- 25% cabinetry
- 25% labour
- 20% appliances
- 20% building materials
- 10% fittings and fixtures
Whatever you’re quoted, add at least 15% to account for any unexpected expenses and factor this into your budget.
What To Do First?
Start looking for inspiration. You probably already have a few ideas of what style you want given the existing styling of your home. However, layouts can vary drastically and making the best use of your space is open to interpretation. Consider the space around your kitchen. Have you thought about knocking down walls or expanding out your kitchen into other spaces? Obviously, this will come down to your budget but don’t hesitate to think outside the box. Once you have some ideas, your builder will be able to advise you accordingly.
What Should You Prioritise?
Making a list of things you want to focus on in your renovation can help you prioritise your expenditure. This helps you so that if you have unexpected expenses, you can still hit the mark on your most important items. To build yourself a kitchen that is going to last and ensuring the renovation is going to be worth your while, you should focus spending on some key areas. Benchtops, cabinetry, most used appliances and trades should take your focus. Benchtops, cabinetry will take a lot of wear and tear and ensure they stand the test of time, you need to spend more money on them to ensure you get quality that will last. Be aware of the appliances you use the most and buy good quality products.
You can save money on flooring, hardware and infrequently used appliances. There is no point buying a large expensive oven if most of your cooking is done on the stove for example. There are flooring and hardware options available that offer good quality products without the price tag. Never buy hardware or flooring at full price, wait for a sale. This provides inexpensive options without compromising on quality and durability. If you’re selling your home soon, spend money on good quality, midrange inbuilt appliances as they will add value to your home.
Contact Bay 2 Bay For Your Kitchen Renovation Needs
We are considerate of your financial situation and work with you to set a reasonable budget based on your kitchen renovation goals. We pride ourselves on our communication with our customers and will keep you in the loop every step. Call us today to start planning your kitchen renovation with Bay 2 Bay Group on 0455 066 300.