Renovating a kitchen can be a costly project to undertake so it’s important to know what you are up against before you even begin.
Average Cost – It is estimated that a kitchen renovation will cost anywhere from $12,000 to $30,000 and that doesn’t necessarily include the appliances. How much your new kitchen costs will vary based on your budget and the reasons why you are upgrading the kitchen. If you are going for basic functionality, then there are many products and finishes available for this option. However, if you are looking to build your dream kitchen, then the sky is the limit. The cost of renovating a new kitchen varies according to the level of design you are looking to achieve such as budget, middle or high-end design.
Appliances – Make sure you are calculating the cost of appliances into your budget as they can add significant cost to a kitchen upgrade. If you are selling a property, you need to install a kitchen that appeals to a wide range of buyers and try to stick to a simple colour palette. It is also important to consider the appliances versus the cabinetry and hardware. Don’t blow the budget on expensive appliances if they are going to be fitted into cheaper cabinetry. Try to disperse your costs thoughtfully. Maybe an eye-catching splash back, cabinetry colour or clever layout may add more of a wow factor than expensive appliances.
Finishes – Materials and finishes are the main consideration when planning your kitchen renovation with a budget.
Laminate cabinets and laminate benchtop – from $10,000 – $15,000
Laminate cabinets and standard stone benchtop – from $15,000 – $20,000
Flat polyurethane cabinets and standard stone benchtop – from $20,000 – $25,000
Hamptons style polyurethane cabinets and standard stone benchtop – from $25,000 – $35,000
High-end, elaborate, high range stone – $35,000 +
Your splash back is also an important design element that can cost as little or as much as you choose to spend on it. The most cost effective option would be to tile, otherwise you have the choice of glass and stone at the higher end of the price scale.
In summary, there are many key factors that affect the cost of your kitchen renovation project. These factors include the size of your kitchen, the inclusions that you add within the cabinetry, the materials and finishes you select, the appliances you purchase as well as adding in the costs of labour, installation and various trades, all of which are required to make your kitchen renovation a reality.